CADJPY trade ideas
CAD/JPY we reached a very strong resistance!Hi guys, I am going with CAD/JPY which I can observe has reached a very strong resistance level so far which it is having trouble breaching out. Additionally we got the news that the Canadian Prime Minister - Justin Trudeau has filed for resignation would bring some weakeness to the CAD
Entry: 109.600
Target: 108.600
As always my friends happy trading!
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Trendline breakoutWe have a trendline breakout signaling a bearish move, we are currently monitoring for a pullback to go short
WE ONLY TRADE PULLBACKS
CADJPY POISED FOR AN UPWARD (FORMING LIQUIDITY FIRST)Price is currently in a parallel channel looking at creating liquidity ($$$) which it might use to fuel its upward momentum by mopping it up my entry point.
Alternatively, it could break out from the channel to clear the already formed liquidity ($$$) below before a move up.
fingers crossed...
CAD/JPY Short on Regression BreakCAD/JPY has broken the uptrend regression channel and is now net short.
US$ is turning across a number of pairs, however volatility is due to arrive on the 20th with the start of Trump Presidency
CADJPY LONGI expect price to react to this demand level and into the target price. This is 16rr long projection.
15-1 CADJPY:At the end of last year the price was heading towards 110.9 from 103.4. This pair is on the verge of a decline that we would like to enter. Our signal system shows the following signals: Score -12, a big downtrend that is coming from Cot Data 0 Retail sentiment -1, Seasonality -1. Trend reading -2. GDP -2, Manufacturing PMI 0, Services PMI -1, Retail Sales -2, Inflation -2, Employment Change 0, Unemployment Rate 1, Interest Rates -2. We have a sell series from 108.725.
CADJPY: Market Sentiment & Forecast
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADJPY chart which, if analyzed properly, clearly points in the upward direction.
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CADJPY BUY Position BUY Position Triangle log size
EN: 109.610
TP1: 109.900
TP2: 110.70
SL: 109.369
The analysis is on a 15-minute time frame.
This is a personal opinion and you are responsible for your own profits and losses.
CAD/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 5H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 109.618 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CAD/JPY Bullish Analysis: Targeting Key Untested Levels Bullish Outlook Supported by Trendline, Support, and Resistance Levels
The CAD/JPY pair has shown a strong bullish pattern. The price has touched the trendline for the third time, confirming its validity. Additionally, it has broken above the yellow resistance level and is currently retesting it, signaling a continuation of the upward momentum.
From a daily structural perspective, there are untested levels at 111.448 and 113.154 that the market is likely to revisit in the coming sessions.
Key Takeaways:
Trendline Validation: The price has respected the trendline for the third time, reinforcing its significance.
Retest in Progress: The yellow resistance level, now acting as support, is being retested for confirmation.
Target Levels: The market is expected to move toward the untested zones of 111.448 and 113.154.
Risk Management Tips:
Always apply proper risk management strategies.
Risk no more than 1% of your total portfolio on a single trade.
Ensure every trade is accompanied by a stop-loss to mitigate potential losses.
Disclaimer: This analysis is for educational purposes only. Make informed trading decisions and trade responsibly.
#BTCUSD #CADJPY #EURUSD #GBPUSD
CAD/JPY - Bullish ContinuationFX:CADJPY has been experiencing a bullish trend and I am expecting this to continue. This is evidenced by simple price action on 4 hr and printing of higher highs and higher lows!
CADJPY HITS TP 1I dropped this analysis on December 12th, 2024. Take Profit 1 achieved as predicted. Will Price Get To The renegotiation Resistance for take profit 2? lets watch as it plays out!
Trading System (PRORARP) is power!
Continuation of uptrend to the Supply zoneAs we can see the market was in a downtrend before forming double bottom. Change of Character occurred and the price gave us a new Higher high and Support, which was tested 3 times
This means we might have buyers on the support that might push the price up again(continuing the uptrend to the Supply zone), H1 for candle confirmation of buyers.
CAD/JPY - 1hr ( Sell IntraDay Target Range 100 PIP )Analysis of CAD/JPY on the 1-Hour Chart: A Bearish Perspective
The CAD/JPY currency pair presents a compelling case for bearish sentiment, particularly when analyzed through the lens of the 4-hour chart. This analysis focuses on a significant breakout level, identified at 109.800, which serves as a crucial pivot point for traders operating within a large-scale framework.
Upon reaching the 109.800 level, the market exhibited a notable bearish breakout, characterized by a surge in trading volume. This high volume serves as a confirmation of the breakout's validity, suggesting a strong consensus among market participants regarding the potential for further downward movement. The implications of this breakout are profound, as it signals a shift in market sentiment, favoring sellers over buyers.
☑Bearish After Break Out key level + High Volume / 109.800 Point
Bearish Target 75 : 150 PIP
🛡 Break Out Done
POSSIBLE SELL OPPORTUNITY ON CADJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
CADJPY: Bullish Forecast & Bullish Scenario
The analysis of the CADJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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CADJPY short bearish push expecting
OANDA:CADJPY short bearish push expecting here, analysis is based on DESCENDING TRIANGLE
SUP zone: 110.100
RES zone: 109.000, 108.800
CadJpy Trade IdeaCJ was in a clean range before deciding to break to the upside where I was looking to get into longs. With price coming back down below the high and smaller time frames shifting we could expect price to retest the shift of structure and a level or resistance sitting at the previous high. If all goes well I'll be looking to get into some shorts with a 1:3rr. We'll see what happens.
CADJPY Long1)Trend defined. 4h Uprend.
2)Contradictory limit order entry. Just at the upper extreme of the previous resistance zone.
3)Default loss. A bit lower than the zone.
4)Default target level. 5.04.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
