buy on CADJPYwe have a falling wedge forming on the structure of the pair and a descending channel forming on resistance then a continuation pattern (arch symmetrical triangle) forming to confirm the push to the upside
JPYCAD trade ideas
CADJPY : ANOTHER BEARISH BREAKOUT- Similarly to our previous analysis on USDJPY, the CADJPY pair has been trading above a bullish trend line for 7 months ; the mid-term trend was bullish.
- Since the impact around 118.85, the market has registered a sharp pull-back that first led prices back to their bullish trend line around the 23.6% Fibonacci support above 115.385, before a bearish break-out occurred.
This bearish break-out was initially anticipated by the RSI indicator, which took place following a bearish divergence inside the overbought zone.
Both moving averages are now reversing to the downside, but a bearish is cross is still yet to be seen.
- Just like the current situation seen on the USDJPY pair, it is hard to say whether the current correction will go much deeper or not.
However, 113.25 (38.2%) and 111.50 (50%) should be seen as interesting targets for this bearish movement.
Pierre Veyret, Technical Analyst at ActivTrades
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Buying CADJPYI will be taking a quick scalp on CJ. My over all bias is bullish but i expect a sweep of liquidity resting below before a push to the upside. I will be monitoring the movement of the market to see an changes
Cadpjpy sellPrice is at a previous low that was broken by bearish candle . Currently retesting same area as resistance / support into resistance
Quarter point to quarter point for Take profit
Heading into 38.2% Fibonacci resistance?CAD/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 115.51
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 116.29
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Take profit: 113.80
Why we like it:
There is a pullback support level.
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CADJPY 15-Minute ChartThe red highlighted area at the top indicates a resistance zone where the price has repeatedly failed to break higher.
This suggests strong selling pressure at this level.
The recent price action shows a potential bearish trend.
Given the repeated failure to break above the resistance zone and the projected downward movement, market sentiment appears bearish for CADJPY in the short term.
Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone.
Targets would be the support levels at 114.708 and 114.098.
Ensure proper risk management by sizing the position appropriately and setting stop losses.
CADJPY is BearishPrice has broken the trendline, and is consistently printing lower highs and lower lows, with no divergence on RSI the trend is likely to continue as per Dow theory. Targets are mentioned on the chart.
Sell CAD/JPY Breakout PatternThe CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be Around 115.70
Target Levels:
1st Support – 114.65
2nd Support – 114.12
Stop-Loss: To manage risk, place a stop-loss order above 116.10. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Reacting off pullback support?CAD/JPY is reacting off the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and could bounce from this level to our take profit.
Entry: 115.53
Why we like it:
There is a pullback support that lines up with the 127.2% Fibonacci extension.
Stop loss: 114.92
Why we like it:
There is a pullback support that lines up with the 161.8% Fibonacci extension.
Take profit: 116.97
Why we like it:
There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Text Book Chart Pattern .....Reversal Descending Channel.This pair has been bearish for the past days and has provided us with a reversal chart pattern. That might be showing a turn in the market trend. WE already looking for buying opportunities to capitalize on.
Tips And Tricks On How To Trade Fibonacci ToolThe Fib Tool Is Crucial For My Strategy and i will show u how to use correctly to guarantee ur trade will hit TP instead of SL.
1- i choose 61% - 71% - 78% fib level.
2- i wait for the price to be between 61% and 71% to enter a trade and waiting for a good price action will be extra good.
3- to put ur sl it needs to be above 78% fib level at least 30 pips.
4- ur tp can be areound -27% and -61% fib level.
CADJPY Short Term Sell IdeaH4 - Bearish convergence
Currently it looks like a pullback is happening.
H1 - Bearish trend pattern followed by a pullback
Until the strong resistance zone holds I expect the price to move lower further in the short term.
CADJPY Buys. Opportunity: CADJPY Buys. My parameters are on the chart. I see this pair retesting a demand zone on a horizontal support level, which also turned out to be a major turn level on higher time frames. I will be taking buys from that level with a very tight stoploss.
CAD/JPY LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so CAD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 117.504.
✅LIKE AND COMMENT MY IDEAS✅
CADJPY - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Reversal
115.200 Area
Reasons
- Major Turn level
- VIsible range Hvn
- Pattern Target
- Quarters Area
- Trend Line Area
- Choch / D
Bearish Reversal
117.600 Area
reasons
- Major Choch Zone
- Visible range hvn
- Counter Trend
- Mjaor Channel Upper band
- weekly Hvn
- Fbio Golden Zone
CADJPY Bank Bearish Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist CADJPY Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
CADJPY POSSIBLE BUYThe market is currently reacting to the structure plus there's a reversal chart pattern forming on the 4HR TF. Possible to see buyers coming in should the current level hold
Let's see how this will unfold
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.
Potential bullish bounce?CAD/JPY has just bounced off the support level which is a pullback support that that aligns with the 127.2% Fibonacci retracement and could rise to our take profit.
Entry: 115.51
Why we like it:
There is a pullback support level which aligns with the 127.2% Fibonacci extension.
Stop loss: 115.03
Why we like it:
There is a pullback resistance resistance level which aligns with the 161.8% Fibonacci extension.
Take profit: 116.97
Why we like it:
There is an overlap resistance level which is slightly above the 38.2% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CAD-JPY Local Bullish Rebound! Buy!
Hello,Traders!
CAD-JPY is going down
Now but the pair is now
Oversold so I will be
Expecting a local rebound
From the horizontal support
Ahead at around 115.500
Buy!
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CAD/JPY MARKET OUTLOOKPrice dropped to 115.753 a sell entry was made on Friday we have a 1:1 R-R
Heading to the. New week. If price successfully break the area of 115.753 more sell opportunity will emerge.
CADJPY Is Very Bullish! Long!
Please, check our technical outlook for CADJPY.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 115.742.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 116.299 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CAD_JPY LONG FROM SUPPORT|
✅CAD_JPY fell again sharply
To retest the support of 115.500
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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CADJPY - LONG!Another set up here...
CADJPY
A few reasons why I entered this trade:
- Following the strong uptrend with all moving averages showing as bullish
- MACD suggesting further bullish movement
- Bullish flag pattern formed (a continuation pattern before price continues its bullish movements)
- A strong retest of the 117.55 support zone which saw a bullish reaction
- A break through of the bullish flag following this positive retest
Lets see what happens!
