CADJPYWe can attempt to short CADJPY from specified levels if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
JPYCAD trade ideas
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.
31-10 ProbelegCADJPY 31-10: after weeks of ups and downs a Macd indicates a trend change. Our signal system gives a buy score of 5 which consists of: Cot Data 0, Retail sentiment 0, Seasonality 1, Trend reading 1, GDP 1, Manufacturing PMI 2, Services PMI -1, Retail Sales 0, Inflation 0, Employment Change 2, Unemployment Rate 0, Interest Rates -1. Still we go for a sell series from 109.101.
CadJpy Trade IdeaCJ was another set up I posted the other day. I spoke about price being in a range with solid structures to support some type of long or short entry. I was personally looking for price to either break above the LH to continue the range and catch some logs with targets around resistance or wait on price to crash back down below and retest to confirm the break of the range with some short positions. The first entry would've been a loss but the 2nd entry for shorts would've hit tp and recovered any losses. I didn't take the trade since I was already in another. For CJ shorts would ideal.
CAD/JPY Levels: High-Probability Short and Long SetupsCAD/JPY pair has shown a consolidation pattern and recent recovery following a sharp drop from highs near 118.80. After this correction, price has established a support base around 104.50 and has recently climbed back to 111.00, encountering a significant resistance level.
On the daily chart, CAD/JPY shows resistance near the 50 and 200-period moving averages, suggesting potential pressure around the current level. The TDI indicator signals divergence in the overbought zone, reinforcing the likelihood of a short-term reversal or correction.
Additionally, CAD/JPY is trading within a long-term ascending channel, providing mid-term buy and sell opportunities around key levels.
Setups
1️⃣ Sell at Resistance with Reversal Setup
Entry: 111.00
Stop Loss (SL): 112.20
Take Profit (TP): 106.00
Rationale: CAD/JPY faces technical resistance at this level. The overbought signal combined with divergence on the TDI increases the probability of a short-term pullback. This setup targets a potential price retreat to the next support near 104. If SL is hit, this would indicate continuation, invalidating the setup.
2️⃣ Buy on Pullback to 50-Period Moving Average
Entry: Await price correction towards 50 MA for optimal entry
Take Profit (TP): 113.00
Risk-Reward Ratio: 1:2+
Rationale: In line with the CAD/JPY recovery trend within the ascending channel, this strategy captures a retracement entry on the 50 MA, often acting as dynamic support. The TDI signals suggest mild overbought easing, supporting this strategy with controlled risk.
CAD/JPY is trading at a crucial technical level, where buyers and sellers are battling near 111 zone. Analysis suggests a likely short-term reversal toward support or a potential break above resistance, continuing the long-term trend. The outlined strategies address these scenarios with defined entry, SL, and TP levels, optimizing return potential while managing risk. We recommend closely watching for confirmations at resistance and support in lower timeframes before taking positions.
📈 As always, monitor price action closely! 📉
CADJPY is BearishPrice was in an uptrend, however a bearish divergence seems to be at play on four hourly time frame, previous higher low is broken successfully. If the bears continue to exert pressure, then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
CADJPYShort position on CADJPY because
LH and LL
Triple top formed above and price rejected
Lower channel broken
Rejected From 0.5 FIB of previous trend
CADJPY: Ascending TriangleBullish Trend
Ascending Triangle
Breakout towards upside Expected
Buy with instant buy order
Buy @ CMP
SL @ 109.73
TP @ 112.371
CadJpy Trade IdeaCJ's set up is pretty self explanatory. We've been ranging with some solid structures within the range to give us opportunities short and long the pair. If price can break above and retest the LH then we could get into longs and continue the range or catch the break and retest to the downside and break from the range.
CADJPY GOING UP !!Reaching the uptrend ceiling ;
Taking a little longer to go up but will surely do ;
After that some zigzag and it will come back to the same levels.
SELL CADJPYAfter succesfully forecasting the previous intraday fall, helped by a JPY downward movement, and after a little back up, CADJPY is ready to go down towards the next KL.
Expecting a liitle bit of zigzag but globally going down for the next few hours.
CADJPY: Short Trade with Entry/SL/TP
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 110.64
Stop Loss - 111.29
Take Profit - 109.57
Our Risk - 1%
Start protection of your profits from lower levels
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#CADJPY 4HCADJPY 4-Hour Analysis
The CADJPY pair is currently trading within a rising channel on the 4-hour chart, approaching the upper boundary of the channel, which acts as a strong resistance level. This setup indicates a potential reversal point, creating an opportunity for a sell position.
Technical Outlook:
- Pattern: Rising Channel
- Forecast: Bearish (Sell Opportunity)
- Resistance Level: Channel upper boundary
Traders may consider selling near the channel’s resistance, with targets set at lower support levels within the channel. To confirm bearish momentum, it’s advisable to check indicators such as RSI for overbought signals or MACD for bearish divergence before entering a short trade.
Some Thoughts, LVLs and ScenariosI have some explanations about what i'm expecting from this pair.
I hope this proves useful.
CADJPYOn D1, the upward trendline is still holding this pair. Moreover, we can see a morning star formed, this is another confirmation that we are moving higher and higher.
CADJPY BUY NOW!!!!!!!!!CADJPY just filled the gap on the uptrend created with the weekly opening and made a reversal with a candlestick pattern indicating a buying entry after still respecting the liquidity zone so am in on a buy here holding till new highs created.......
JOIN AND ENJOY
Tell us your views on this.....
CAD/JPYLong on CAD/JPY; Break of High; Uptrend Momentum; CAD/JPY has been in an uptrend over a matter of months
CJ Long - Similar to AJ. Looking for price to hold above POC on volume. it has already tagged VA so I can trade this today too
CADJPYIM Looking for a log position on this one pretty much just waiting for that retest on my zone.
cadjpy shortcadjpy at its weekly resistance with 90% plus short sentiments . so with trendline resistance and the the divergence on shorter time frames 1h, 4h with closing of first red hken ashi its best to play to a sell ride... until it reaches its daily support level and then a short buying opportunity ahead with confirmaton of support level bounce with bullish div till the fib 0.5 retracement happens. and after that the last one the trade of sell from the 0.5 fib level till our target area.... so hava a nice bearish ride ahead inshallhaa
CADJPY continue its BULLISH TRENDTREND CONTINUATION:
.Price action respect TRENDLINE
.Making HHs n HLs
.No any bearish divergence signs.
CadJpy Trade IdeaGonna start this week off with a CJ trade idea! We just came off of a horrible news week. News was in the way and ended up affecting most pairs. CJ has been a range for some time now between 109.8 and 107.8. Price ended last week coming back down below a higher higher with a retest of the resistance. I'm looking for price to either break below and retest to confirm a range continuation or wait on a buy confirmation to the upside. Patience is gonna pay here. Price may open up with a smaller range within the range it's currently in so I'll adapt and make the necessary changes if needed in order to get into some type of sell or buy position.
CADJPY: Accumulating under the 1W MA50. Low risk buy.CADJPY is on a healthy bullish 1D technical outlook (RSI = 59.003, MACD = 0.700, ADX = 25.174) as it hit this week the 1W MA50 for the first time in 3 months. Rejection or not, historical price action shows that every time it tests it coming from a bottom on the 2 year Channel Up, the price breaks it and goes for a HH. The 1W MACD just made this week the new Bullish Cross and the last time it did so on such a low level, it was on April 3rd 2023, exactly at the start of the previous bullish wave. We expect initiallt the price to approach the R1 level, which is our Target (TP = 118.000), like the price did on June 26 2023.
See how our prior idea has worked out:
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