CADJPY Here, I have got another juicy setup on this CADJPY, it not too late to take an entry now, entry for a buy, the buy happened around 17:00 today, if I am not mistaking.
JPYCAD trade ideas
CAD/JPY Day Trading Analysis 📋 On CAD/JPY is nice to see strong sell-off from the price 111.670, there are nice to see strong volume area....
Where is lot of contract accumulated...
I thing that sellers from this area will be defend this short position...
and when the price come back to this area, strong sellers will be push down the market again...
Downtrend + Strong volume area is my mainly reason for this short trade....
Happy trading
Dale
CADJPY 15m 1h LongIn CADJPY chart we have several items that show us price can goes up and this is a good position for Long . all of things are clear on the chart .
I will open a position at this area and will take a good profit in upper band of channel .
CADJPYThe pair has formed a possible tripple bottom pattern and a CHoCH witnessed in the 15 minute TF. Looking forward to a 70-PIP takeout of 112.000 key level.
CADJPY with 7 pivots on trendlineCADJPY with 7 pivots on up-trendline
I suggest to buy from 111.20 - 111.40 with take profit at 113.00
stop loss 110.50
Trade safe
CADJPY Pair : CADJPY ( Canadian Dollar / Japanese Yen )
Description :
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame
Completed " 12345 " Impulsive Waves
RSI - Divergence
CADJPY Will Fall! Short!
Please, check our technical outlook for CADJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 111.409.
Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADJPY HIGH PROBABILITY CONTINUATION BUYSAs we can see that double bottom has been formed at the strong AOI with the confluence of trendline and 61.8 Fib level you can look for long trade opportunities.
Another entry can planned once it breaks and retest the another Strong AOI as marked on the chart.
Target - 112.495
Capitalizing on CAD/JPY: Seizing Selling Opportunities Amid ExteHey traders,
Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions.
With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities.
Utilizing the SIBI analysis:
Strength: Evaluate the strength of CAD and JPY individually, looking at economic data and market sentiment.
Interest: Assess market interest in CAD/JPY through trading volumes and sentiment indicators.
Balance: Gauge the balance between supply and demand, watching key levels and chart patterns.
Imbalance: Identify any market imbalances that could favor selling, such as overbought conditions or divergences.
If you're eyeing a sell position, wait for confirmation signals that align with your strategy. Manage your risk diligently and stay disciplined.
Remember, trading carries risk. This analysis serves for informational purposes only. Good luck out there!
CADJPYPullback to the broken trend line is the idea of buyers to raise the price to the specified target
Cadjpy : Sell ZoneA very warm welcome to new followers,
This is my gift to you : Two side trade on this currency.
First one :
Sell at : 111.67----111.70
Stop loss : 111.86
Target :111.06......110.78
Use a good stop loss to keep safe your money.
Put your valuable comment , follow and share
Have a great trading week
Cadjpy Short Analysis Or Chart As of now, it may touch back the upper level a bit. then
It will come back after touching a resistance which you can see on this 4 hour chart.
If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations.
you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55
First Target of this trade is 110.55 and for second Target you can Hold it for 109.50 Level
CADJPYmarket has broken level of support, support level becomes resistance, huge downside momentum by previous bearish candles, retest bullish candles are weak, wait for rejection (confirmation) before entering a short position towards 110.884 to correct previous impulse.
Lingrid | CADJPY pullback to SUPPORT and UPWARD moveThe market moved up and closed above the resistance zone. FX:CADJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 111.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then an upward move toward recent resistance because the market is updating swing highs and lower highs. My goal is the resistance at 111.790
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CAD-JPY Will Grow! Buy!
Hello,Traders!
CAD-JPY keeps going up
So we are bullish biased
And after the pair retests
A rising support we will
Be expecting a further
Move up
Buy!
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