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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

short now long laterThis market is amid market correction or correcting the markets imbalances that were previously created. This market will fool most into thinking that it is shorting but I suggest take the sale until the reversal seen here. The chart has revealed a soon to be inverese bullish flag pattern. The market has rejected beautifully off of the nearest QP (quarter point) as well as has remained in an upward trend on the higher timeframes. The market has failed to break or need to break the daily low as well as has continued making higher highs. Take the shorts but be aware of the imbalance candles. There is a 4 hour retest noted that would turn into TP 1 if ignored.
Long
by tstephen010
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair: Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line. Price – holding above the Kumo cloud Chikou Span (Lagging Span) black line is holding above price and the cloud. Kumo Cloud now – green color indicating bullish bias. Kumo Cloud future – green color indicating bullish bias. Thursday candle - hammer For stop, I will be trailing it below the Kijun sen. Target should initially be just below the recent (spike) multi-year high at 117.330. My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
3
CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵 CADJPY is trading in a bullish trend on a daily. Last week, the price set a new higher high higher close, violating a strong horizontal resistance. The market opening turned out to be bearish. The pair is currently testing a contracting demand zone based on a broken structure and a solid rising trend line. I think that the market may resume the growth soon. Next resistance - 115.8 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
The #1 Last Step To The Rocket Booster Strategy - ExplanationDo you remember that extra step in the rocket booster strategy? The rocket booster strategy has 3 powerful steps but the last step in the strategy is a very important and potent one. THE PRICE HAS TO GAP UP This is why on this chart we are using the PAR to help us indicate a level of performance for the rocket booster strategy to show us the power of the last step to learn more about the rocket booster strategy check out the references below also rocket boost this post to learn more. Disclaimer: Trading is risky you will lose money wether you like it or not so please learn risk management.
Long
by lubosi
CADJPY Resistance Breakout At 115.289 03.05.2024- Resistance breakout at 115.289 on 1hr CADJPY chart. - If breakout holds, high probability of rising to 115.636. - If 115.636 is broken, further upward movement likely. - If breakout fails, high probability of dropping to 115.016. - If 115.016 is broken, further downward movement likely. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
Long
by Stuart_Cowell
CADJPY Trading Opportunity! SELL! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 114.97 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 114.10 My Stop Loss - 115.51 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CADJPY Buy signal initiated. Channel Up intact.The CADJPY pair extended the Channel Up flawlessly and hit our latest Target (April 02, see chart below): The price is now breaking above the short-term Ascending Triangle, which within the long-term Channel Up has always issued a buy signal after the price approached the 0.382 Fibonacci retracement level. The immediate Target on both previous break-outs has bee the -0.382 Fib extension. The 1D RSI is also posting that pre break-out consolidation. As a result we turn bullish again on this pair, targeting 116.500 (slightly below the -0.382 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CADJPY-Breakout Sparks Upward Momentum: Wave (3)/(C) in FocusHello Traders, Here is my analysis of CADJPY currency pair. The pair was confined within a sideways price action channel, characteristic of the corrective wave phase. Subsequently, it has broken out of this channel. What to Expect: We anticipate further upward movement, progressing through the sub-waves of wave (3)/(C). The projected target for this upward wave is a minimum of 116.006. These indicators suggest a strong potential for continued upward momentum. I will closely monitor the price action, as the breakout from the price channel has increased my confidence in the persistence of the upward trend. What are your expectations on this pair?
Long
by Samuel124
1