CAD/JPY Day Trading analysisOn CAD/JPY, it's nice to see a strong buying reaction at the price of 104.940 .
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
JPYCAD trade ideas
CADJPY Possible Long Position4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - 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
CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 102.499.
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CADJPY NEXT MOVE (LOOKING BULLISH)(17-09-2024)(MID TERM)Go through the analysis carefully, and do trade accordingly.
Anup Bias (Mid term)
Current price- 104.300
"if Price stay above 103.700 then next target is 104.900 and 105.700 and below that 103.00
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of capital to follow any position.
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CADJPY View!!Markets are undecided whether the Bank of England will hold, or cut rates by 25bps on Thursday, raising the potential for GBP volatility which has put the FX options market on high alert.
The FX volatility upon which FX options thrive is an unknown, yet key parameter of their premium, so dealers use implied volatility - their best guess. Disparity between implied and realised over the life of the option is a common occurrence and makes FX volatility a tradable asset. Therefore, any implied volatility increase over a key event like the BoE, is also a bellwether for the wider market to see the additional FX volatility that options traders think that event will generate.
CadJpy Trade IdeaCJ long set ups were sent out last week. The flip at support ended up playing out to the T where targets were than hit. Last week price ended with a retest at 106 before making a new high at 106.400. For this week I'm looking for price to either break and retest 106.4 to continue longs or break below the higher low at 106 to short the pair. We'll see what happens.
CADJPY - Long from bullish order block !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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Bearish drop?CAD/JPY has reacted off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as an overlap support.
Pivot: 105.88
1st Support: 103.73
1st Resistance: 106.85
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CADJPY - 4hrs ( Buy Trade Target Range 320 PIP ) 🟢Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
✅Bullish Break
105.900 Area
Reasons
✅- Major Turn level
✅- Visible Range lvn
✅- inner Channel Break
✅- Day High / week High
✅ Head & Shoulder
✅Bearish Reversal
107.500
✅Bearish Reversal
109.350 Area
CadJpy Trade UpdateI sent out a cj set up explaining why I was looking to go long on the pair. Price ended up spiking into the level I wanted to see get retested before going long for a solid 1:3rr. Price ended up playing out to the T. The next level I want to see price pullback to is 104.700. That's the last higher high on the daily time frame before price tapped into resistance. Price tapping into resistance doesn't mean I'm gonna short the pair. For now price could definitely flip bullish and continue up until next week.
CADJPY 1HR BEARISH SETUP (SELLSIDE & BUYSIDE LIQUIDITY)ICMARKETS:CADJPY looks good for a bearish setup on 15 minute and 1 hour time frame, the buy order block and sell order block is the key role in this trade.
IF IT BOUNCES FROM THE FVG AREA TRADE WILL BE INVALIDATED AND WE WILL SHORT FROM THE STRONG HIGH ZONE
CADJPY looks down ahead of FEDThe Japanese yen is the main beneficiary of the cyclical dovish expectations.
The interest rate for the US may go down after today's FED's decision, the main question is - how deep, 0.25 or 0.5 basis points.
Though, Japanese monetary policy is unlikely to soften in the nearest future, and would probably stay strong.
CADJPY consolidates at the structurally interesting point for a short position - at the potential top of the swing and may slide down after J Powell's speech.
Be aware of volatilit and manage your risk at all times!
CADJPY is in the UPTRENDHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
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