JPYCAD trade ideas
CADJPY H1 | Potential bearish breakout Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 110.87, which is a breakout support level
Our take profit will be at 110.38, a pullback support.
The stop loss will be placed at 111.44, above a swing-high resistance
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CADJPY sell setup and analysisWe have a very good setup on CADJPY with lower TF confirmations. Tight Stop loss will give you 66 Risk to Reward ratio. All my analysis can be wrong so do your own research and analysis before investing.
#cadjpy
Short in CADJPYSupply zone: The CADJPY price is currently in a supply zone, indicating that there is greater selling pressure at that level and that the price is likely to go down.
Technical analysis: Technical analysis confirms the presence of a supply zone and suggests a potential depreciation of CADJPY.
Economic expectations: The Canadian economy is expected to slow down in the coming months, which could negatively affect CADJPY.
CADJPY IS PRINTING DOUBLE TOPCADJPY is printing double top on 30 mint timeframe according to my analysis it could be decline my trade plane mention in chart
Long in CADJPYI have taken a long position on CADJPY due to a bullish harmonic pattern buy signal.
After conducting a thorough analysis of the CADJPY chart, I have identified a bullish harmonic pattern that suggests a potential upward move in the currency pair.
The specific bullish harmonic pattern I have identified is the Gartley pattern, which indicates a high probability of a bullish bounce in price.
Taking this into account, I have opened a long position on CADJPY with the aim of capitalizing on the expected bullish movement. I will closely monitor the price action for confirmation signals, such as an increase in bullish momentum or a breakout of key resistance levels.
Please note that trading carries risks, and it is always recommended to conduct your own analysis and consult with a financial advisor before making any investment decisions.
CAD/JPY Technical Analysis and Trade IdeaMarket Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions.
Trade Strategy:
Short Entry: Consider a counter-trend short entry at the current price level with a stop above the highs. 1:1 RR.
Buy Entry: Target a buy entry near the 61.8% Fibonacci retracement level to capitalize on potential long positions initiated by larger institutions. SL at the lows and targets as mentioned in the video.
Disclaimer: This analysis reflects my personal perspective and should not be misconstrued as financial advice. Always conduct your own thorough research and assess your risk tolerance before entering any trades.
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down.
Thank you
CADJPY Divergence & MyFxBook Sentiment > 90% ShortCADJPY price actions shows 4H divergence with >90% bearish/short sentiment. Will it execute the bearish sentiment?
Trade Plan (Bearish Bias)
SL: Price HH
Entry: Previous HL
TP: 1:1 risk and reward + strong support level
CADJPY - SellSell CADJPY after it crosses the Sell Stop Level the strong bearish divergence will bring in reversal when it hits the sell stop level.
Here are the numbers:
Entry Price: 110.845
Stop Loss: 111.440
TP1: 110.2500
CADJPY-TREND REVERSALCADJPY is going to reverse its trend as it has formed double top with abearish divergence so we have to wait its neckline to break.
Lingrid | CADJPY channel BREAKOUTThe price perfectly fulfilled my last idea, and the market hit the target. FX:CADJPY formed a double top and a resistance zone. It is pulling back toward the lower border of the upward channel. I think the market might break through the channel and upward trendline by making new lows. I am waiting for the price to roll back to the support level because the price has fallen before and the market reached the resistance zone on the daily timeframe. My goal is the support level at 110.400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY in SHORT POSITIONBearish indications:
.divergence on h4 tf
.projection complete of cup n handle
.wait for break its HL
.sentiments are 91% short.
CADJPYCADJPY just entring into the berish trend breaks last HL and made going to make first LL.
Bearish divergence also shown in RSI.
We short at CMP.
CADJPY: Bearish Divergence Warns of Trend Reversal📉 Overview:
CADJPY, previously bullish, now shows bearish divergence on the 1-hour timeframe, forming its first lower high. With a strong 90% short market sentiment, there is significant support for an anticipated bearish reversal.
📊 Technical Analysis:
Bearish divergence and the formation of a lower high suggest a potential shift from bullish to bearish.
📈 Market Sentiment:
At 90% short sentiment, substantial support for the expected bearish reversal is evident.
📉 Trade Strategy:
Consider short positions, aligning with the bearish signals, and anticipate further downward movement.
🛑 Risk Management:
Mitigate risks with effective stop-loss orders to safeguard capital.
📈 Conclusion:
CADJPY offers a concise opportunity for a bearish trend reversal, supported by bearish divergence and strong market sentiment. Monitor for confirmation and adjust positions accordingly.
CADJPY above support area, 200 pips upsideCADJPY
The price is moving in a parallel channel, and price is also above the support area, as long as price stays above the Support, I expect the price to move higher....
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
CADJPY is looking good to enter into bearish phasewith bearish divergence and making double bottom bearish pattern once it break its neck line we can see a descent bearish phase
price action on resistance levelprice is at a daily resistance zone 'that has been tested multiple times and all liquidity hasd been swept on 1h frame then price came to mitigate the same zone ' so definitely goin down from here
CADJPY-Bearish Reversal1.Divergence on RSI
2. Divergence on MACD Histogram and MAs
3. Followed by Divergence, Convergence on RSI
4.0 Three candle Bearish pattern
5.0 Seller bias
CADJPY: Bearish Continuation & Short Signal
CADJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADJPY
Entry Point - 110.80
Stop Loss - 111.12
Take Profit - 110.09
Our Risk - 1%
Start protection of your profits from lower levels
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CADJPY Massive Short! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 110.85
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 109.85
My Stop Loss - 111.5
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
