CADJPY Bearish Breakout!OANDA:CADJPY broke the rising
Support line and is going
Down again so we are
Bearish biased and we
Will be expecting a
Further move down !
JPYCAD trade ideas
CADJPY SELL PROJECTION CADJPY, GBPJPY are likely to go deep this week due to the breakout from the uptrend and retest to the zone. Apply proper risk management
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CADJPY: Strong Selling Pressure EvidentA bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
CADJPY: Clear Strength of the SellersWe observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
Lingrid | CADJPY Potential SHORT from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target. FX:CADJPY has tested the 110.600 resistance zone three times but ultimately bounced off this level after forming a range zone. Given the significant bearish daily candle, I believe the market may head lower. The recent price action has also seen the price break and close below the upward trendline that had been holding for over a week. The formation of lower lows indicates a shift in market structure. If the market rejects the swap zone, we can expect a downward move towards the channel's lower boundary. My target is support zone around 108.75
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CAD/JPY Short H4 Sell Entry @ 106.93
S/L @ 109.06
T/P1 @ 104.80
T/P2 @
R.R.R. @ 1/
Pure Price Action analysis based on Breakout and/or Pullback of target level.
Enjoy trading ?
CADJPY View!!Not much in USD/CHF before Wednesday and 0.8765 on $500 million and between 0.9035-45 on $807 million. The biggest EUR/CHF strike expiry is on Monday at 0.9705 on 626 million euros.
GBP/USD strike expiries worth noting are on Monday at 1.2940 on £553 million and between 1.2975-90 on £1 billion. There's little thereafter until Friday at 1.2970 on £713 million.
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 109.909 area.
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CADJPYFor CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 108.93
1st Support: 108.02
1st Resistance: 109.82
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CADJPY GOING DOWNYesterday for halloween, something spooky happened : CADJPY broke the uptrend and is now free ;
after reaching one more time the HH KL, it is to go down, helped by the elections tuesday.
Scenario CADJPYThe running double top that stretches all the way in the channel is interesting, especially around the marked support where a correction structure was formed against the second peak, the value of the fibo level is 0.5, the situation around the marked circle will be decisive for me and if the price breaks through the lower wall of the channel, I will enter a short position
CADJPY, Bullish Channel New High FormationBullish Channel
Rejection From Strong Resistance
Breakout of Resistance
Towards New high Formation
Entry @ CMP
SL below Resistance Zone
Tarhet towards next resistance
CADJPY - BUYIgnore this if you need trades to be done within hours or days. Stay if you can sit on your hands and wait patiently.
Long-term buy target at 111.359. You'll gain interest as well (swap).
I have several positions aiming for this price.
Correction is due at this level!
CADJPY RISKY LONG SCALPExecute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
CADJPY - Retest after a failed breakout??
It has been consolidated few days, tried to breakout but failed.
Retest it before the news tomorrow.
I trade this as intra-day. Never hold it overnight.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss1H - Re-Entry
15m- 50 EMA Rejection + Bollinger Band
Rejection
5m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
CADJPY - Instant Sell Doji candles formed on .5Fib
Major trend line below, Market will go to retest this.
CADJPY waiting confirmationCADJPY waiting confirmation
short bellow 108.956
long above 110.060
Targets on chart
CADJPY SELL SETUPI have a Daily choch on the daily uptrend and a daily retest in my zone. Im waitn for a 4hr choch with a retest for a continuation down to last daily low. If there isnt a choch on the 4hr and it keeps rising, I will not enter
HAPPY TRADING EVERYONE!!!!!
Short CAD/JPY after retractionThere are some fighting in current zone and the patterns are still not really sure for short.
Maybe wait until the price retracts a little bit back to the corrected down trend channel top line area then short again with lower risky.
But if the price could break up the down trend channel top line and stand up on the line, then, the short strategy will not be active.
CADJPY / M15 / SHORTCADJPY may fall from the Bearish Order Block
Bearish Order Block: 109.457 and 109.372
CADJPY is likely to drop from the bearish order block, with a high probability of the trade reaching profitability. Since the price hasn’t touched the order block yet, consider placing a limit order at the entry price. Let’s see how the price reacts as it approaches this zone!
CADJPY / M15 / SHORT
LOT :- 0.3
Entry Price :- 109.372
Take Profit :- 109.151
Stop Loss :- 109.593
CADJPY The Target Is UP! BUY!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 109.29
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 109.91
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
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WISH YOU ALL LUCK
