CAD/JPY Sequenz Trade ideaWe see the 5th impuls of the elliot wawe to the upside, extended fib is our take profit zone, entry based of imbalance, Fib , And support Zone.
CADJPY trade ideas
CADJPY HIGH PROBABILITY BULLISH EXPLOSIVE MOVE Following the strong move upwards breaking the previous resistance, I'm very positive we're going to see the 111s by year end
CADJPY 1H forecastWe're in an a-b-c Zig-Zag correction wave A & C often equal and also both waves A & C are always 5 wave sequences.
Currently, on the last leg, we have an impulse pattern forming a 5th wave and we used Fibonacci multiple to set the target profit level.
CAD/JPY SELL SETUPAt the moment price is creating lower low and lower high,so we're waiting for a pullback before start looking fo shorts.entry around 175.226
CADJPYI'm keeping a close eye on CADJPY, looking for signs of a bullish continuation. The 4H trend is showing some movements, and I’m excited to see where it goes next
CAD_JPY POTENTIAL LONG|
✅CAD_JPY will soon retest a key support level of 108.225
So I think that the pair will make a rebound
And go up to retest the supply level above at 109.500
LONG🚀
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CADJPY: Bearish Continuation & Short Signal
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 108.75
Stop Loss - 109.31
Take Profit - 107.79
Our Risk - 1%
Start protection of your profits from lower levels
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CADJPY-LONGCADJPY is trading in a bullish trend,moving upward by making Higher highs and higher lows so we will take a long entry at HL
CADJPY Technical Analysis! SELL!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 109.05
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 108.00
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Bullish bounce off 50% Fibonacci support?CAD/JPY is falling towards the pivot which acts as a pullbacksupport and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 108.43
1st Support: 107.05
1st Resistance: 109.63
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
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Downward Pressure Persists as Yen Strengthens on Rate Hike HopeHey Realistic Traders, Will OANDA:CADJPY continue its bearish trend? Let’s Dive In....
In the H4 timeframe, CADJPY has broken out of a distribution phase as it continues to move below the bearish trendline and the EMA-200 line. The pair also formed a Rising Wedge pattern, followed by an impulsive breakout, which strongly indicates the continuation of the prevailing bearish trend.
Further confirming this outlook, the MACD momentum indicator has signaled a bearish crossover, strengthening our bearish hypothesis.
Given these technical factors, we anticipate a potential downward movement toward the nearest historical support area (Target 1) at 105.955. After reaching this level, we foresee a minor correction back to the green zone before the pair resumes its bearish journey to the second target at 104.902.
However, this bearish outlook remains valid only if the price holds resistance below the critical stop-loss level at 108.976.
Fundamental Reason Supporting Yen Strength:
The Bank of Japan (BOJ) is signaling further rate hikes as economic data, including wage growth and inflation, align with its projections. BOJ Governor Kazuo Ueda recently suggested that another rate hike is "nearing," citing steady progress in economic conditions. This hawkish stance further supports the bearish outlook on CADJPY, as a stronger yen typically exerts downward pressure on the pair.
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Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY".
How I lost 1R on CADJPYHello I lost 1R on CADJPY
This was a trendline breakout not completely classic but it is classic.
Divergence
It missed my TP so sad
simple and nice
This trade was influenced by news
uptrend breakout to the supplygood day traders, my analysis shows we have a high chance of breakout on the higher high cause of the current trend being bullish trend. If price breaks above the Higher high there's a high chance it will retest it and head up high towards the Supply level. use H1 for confirmation, TP of choice, Good luck
CADJPY POSSIBLE BUYThe market is currently testing the current Daily 0.618 Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
cadjpy shortcadjpy has tested its support on 1h 4 times and now again going to test it. hopefully this time the support will break. the pair cadjpy is in bearish trend on 1d, and h4... so we are going to place a sell stop at h1... as the divergence is also seen , but the sell stop will trigger after diluting the divergence of 1h... this trade will go accordingly inshallhaa
CADJPYOnce a strong resistance got broken and turned support for short time then broken again and made resistance once more. We can see a retest was made on both H4 & H1.
CADJPY: Long Trade From Support 🇨🇦🇯🇵
CADJPY looks bullish after a test of a key daily/intraday horizontal support.
A strong confirmation is a formation of a cup & handle pattern
on that on an hourly time frame and a breakout of its neckline.
The price will most likely go up at least to 107.57
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CADJPY💡The chart shows technical analysis of the CAD/JPY currency pair on the daily time frame (D1). The trend is down unless the resistance (red area) is breached. The current resistance area (red color) enhances selling opportunities. The MACD indicator shows that the positive momentum (green) has declined after rising.
⛔️It is not investment advice for educational purposes only.
CADJPYThe potential sell scenario for the pair THIS week:
The pair is to be monitored as it approaches the designated sell zone on the chart.
Trade Update: CADJPY Short PositionYesterday, I opened this short position on CADJPY based on a clear resistance level at 108.151. After a strong rejection, price moved down in line with my expectations.
Today, I’ve secured some profits and moved the trade to risk-free at a 2:1 risk-to-reward ratio. My stop loss has been adjusted to breakeven, and I’m monitoring for further downside continuation.
Key Notes:
Entry: Resistance rejection at 108.151
Stop Loss: Breakeven (Risk-free trade)
Target: Still open for further potential downside.
CAD/JPY Analysis – 15-Minute ChartPrice action has encountered a significant resistance zone around 108.430 - 108.477, leading to a rejection and subsequent retracement. The current price at 108.092 shows a minor recovery after testing support near 108.000.
Key Points:
Entry Trigger: The bearish engulfing candle near resistance signals potential downside.
Target: Support zone around 107.595, aligning with recent demand and price rejection.
Stop-Loss: Above 108.430, considering resistance holds.
Indicators:
RSI (14) at 42.18, showing mild bearish momentum.
Volume: Noticeable selling pressure on the recent decline.
If price sustains below 108.151, further downside towards 107.595 remains likely. However, reclaiming resistance may invalidate this bearish scenario.
