CADJPYCADJPY is trading in Bearish trend after breaking its last HL with no divergence at Bottom secondly at 0.618 fib Resistance AND At horizontal resistance and making LH
place Short with risk defined above Last Lower high
JPYCAD trade ideas
CADJPY - Sell LimitCADJPY created a rising wedge which is a reversal pattern. Moreover, there was a Bearish Divergence on RSI indicator at Resistance level indicating a solid confirmation of trend reversal and the break of HL is a further confluence of sell setup.
CADJPY H1 | Potential bearish reversalCAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level.
Take profit is at 110.134 which is a swing-low support.
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#CADJPY:The price has hit an important level of demand.It seems that buyers intend to move upwards from this level. There are good demands at this level. It can increase the price upwards.
Buyers are eyeing 112.00 and want to try to conquer this level.
CADJPY, failled breakout.CADJPY / 1D
Hello traders, welcome back to another market breakdown.
CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here.
Trade safely,
Trader Leo.
Cadjpy 4HWhat I have in mind for the cadjpy currency pair is 4 hours. If you have an opinion, please leave a comment.
CADJPY - 4hrs ( Sell Trade Target Range 160 PIP ) 💵Pair Name CAD/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Mid Term
Type : Mid Term Swing
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Bearish Break
110.500 Area
Reasons
- Major Turn level / M
- Fiixed Range poc
- Pattern Break
- D + W low Break
- Trend Break Out
Bullish Reversal
108.800 Area
Reasons
- Major Turn level / D
- Visible Range Lvn
- Pattern Target
- choch Area
- Fibo Golden
- Quarter's Area
CADJPYIs CADJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 108.
What you guys think of it?
CADJPY LONGThis is my Setup for CADJPY, market has broken the structure to upside and coming back, let's hope market to mitigate our area od interest.
CADJPY H4 | Approaching pullback supportCAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 111.762 which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Analysis update on CADJPY [ 28 February 2024]this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my videos as ideas and please feel free to comment , share your ideas and tips. Please like and subscribe. Thank You.
#forex #forextrading #CADJPY #money #falconfx #happyfx
Cadjpy: Buy ZoneTraders,
our new followers are most welcomed.
Second potential scenario in Cadjpy:
Buy:
we buy from 110-77.....110-90
stop loss : 110.57
Target: 111.77
Second target : 112
Third possible target :I will update
Do not forget we need confirm to enter a trade.
Have a great coming week.
CADJPY On The Rise! BUY!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.01
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 111.44
My Stop Loss - 110.73
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CadjpyTraders,
Price did not entered in our buy zone ,means still we may have a nice sell set up from this zone.
Potential sell zone : 111.70
Stop loss 111.78
Target:110.98
Keep safe your money with sl.
Good luck
Sell CADJPY Bearish Channel The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Sell Entry: Consider entering a short position around the current price of 111.46, positioned close to the channel resistance. This offers an entry point near a potential reversal zone.
Target Levels: Initial bearish targets lie at the support levels of 111.07 and 110.82, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel resistance line at 111.70. This helps limit potential losses if the trend unexpectedly reverses.
Thank You.
DeGRAM | CADJPY buying opportunity from confluence levelCADJPY is approaching the support level and 88.60% fibo level, a bullish harmonic pattern.
Price pulled back to the support zone in an oversold condition that might create a divergence.
The market rebounded from the support level multiple times, showing the significance of the level.
We expect a retest of the resistance level since the trend is bullish.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
CADJPY Looking for Buyers in Double Zigzag CorrectionCADJPY cycle from 2.1.2024 low is in progress as a nesting 5 waves. Up from 2.1.2024 low, wave ((i)) ended at 111.407 and pullback in wave ((ii)) ended at 110.6. Pair resumes higher in wave ((iii)) with internal subdivision as another 5 waves. Up from wave ((ii)), wave i ended at 111.614 and wave ii pullback ended at 110.657. Pair resumes higher in wave iii towards 111.739 and dips in wave iv ended at 111.402. Final leg wave v ended at 111.8 which completed wave (i) in higher degree. Pullback in wave (ii) is now in progress with internal subdivision as a double zigzag Elliott Wave structure.
Down from wave (i), wave a ended at 111.22 and wave b ended at 111.515. Wave c lower ended at 111.17 which completed wave w. Rally in wave x ended at 111.623. Pair resumes lower in wave y with internal subdivision as a zigzag structure. Down from wave x, wave a ended at 111.172 and wave b ended at 111.389. Wave c lower is expected to end at 110.6 – 111 area where it should complete wave y of (ii) in higher degree. Near term, expect buyers to appear at the blue box area for further upside or 3 waves rally at least.
CADJPY H1 BULLISH BAT PATTERN 28/02/2024Based on the H1 chart , CADJPY is on a BULLISH trend
Completion level 110.761
CADJPYBuying into H4 uptrend on H1 retracement/pullback.
Looking for break and retest of internal structure, 20 pip SL, 50 pip target.
CAD/JPY - M30 - Buy Trend continuationHello everyone ...
if price break our entry areas then this idea will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
our signals are 95% accurate give us follow and motivate us by likes and comments...
.. good luck..
cadjpy-Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 31st Dec 07 daily bearish candle open.
- If we are looking for sells we take on until 7th Dec 07 daily support.
- Wait for 1 hour candle to close above or below zone.
-We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.
CADJPY - 1H - LONG POSITION - SUPPORT & RESISTANCEIn this chart, we draw support & resistance lines and it clearly shows us it will bounce back from S1 and go upwards
so we trigger buy limit at the entry price of S1 and SL is S3 and take profit is R1
