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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY Technical Analysis and Trading Strategy.The CADJPY ended the previous week on a high note, suggesting a prevalence of buyer dominance. To explore potential trading opportunities, analyze the 4-hour chart where a bull flag has formed and been broken, placing us in the buying zone. The next objective is reaching TP1, and progressing towards TP2. If the area around TP1 is breached by a strong impulsive candle, there is potential to target TP2. In this scenario, it's advisable to trail your stop-loss to manage risk.
Long
by greatbabfx
2
CADJPY - Bullish market structure ✅Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement and there is a confluence for a potential long if price rejects from support zone + trendline + FIBO 0.5 level. Fundamental news: Next week on Tuesday will see results of Interest Rate in Japan and on Thursday in Canada. News with high impact on currencies, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Lingrid | CADJPY short from Main RESISTANCEThe market reached the main resistance zone on the 4H timeframe. Price action is losing momentum; the price is forming small candles with wicks. Also, it shows a big divergence at the resistance zone. It suggests that the market will make some pullbacks from its strong level. The price spiked up and formed a fake breakout of the level on the 4H timeframe. I expect the market to fall and short it from resistance if the market gives a signal. My goal is around the support level at 108.960 Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
7
Which Way For CADJPY, Are we going to short it? {18/jan/2024}Educational Analysis says CADJPY may move in this range for some time according to my technical. Broker - FOREX.com This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this range? Because CADJPY is start to go down after respecting supply trendline, If not then it will break resistance level to make new higher high. Let's see what this pair brings to the table in the future for us. Please check the Comment section on how it turned out for this trade. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
by VishalBudhrani
1