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.
JPYCAD trade ideas
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
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✅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 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADPY H4 Analysis Pair Name = CADJPY
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bullish
Strategy = EMA Crossover & Supply Demand
Target Level = 105.900 to 106.600
Details :-
CADJPY is ready for small retesting. In this Small Bullish Wave Price level 105.900 to 106.600 could target. Already EMA 5 crossed that indicated a short term bullish Move. FIB retracement Level 0.5 to 0.6 is key level that can Push Market to downside.