Retest of major level of support Looks like CADJPY has come to retest previous level of support following with some rejection candles around the zone. Will most likely reject this major level as it remains strong and reverse to the upside
JPYCAD trade ideas
Triangle patternWhat we have a market that has consolidated its bullish run for many days, now we a it as an ascending triangle. We have a had an initial breakout now a pullback, if the price makes a higher high we go long
WE ONLY TRADE PULLBACKS
CADJPY BUY PROJECTION Price was flowing in a triangular symmetric shape, it broke out and retested to a valuable zone of so many touches. So I'm going Long
Sell this pairResistance held along with bearish Japanese candle sticks.
Confluence for sells
Overbought,… RSI Macd
And the meta Trader 4 peak.ex4 indicator called for sells along with the powerful super trend moving average
CADJPYThis pair is making clean HHs and HLs. The analysis is done on 1H time frame. with risk and reward of 1:1.
CADJPY - Long TradePrice swept liquidity, made a false breakout of the 1D swing, and closed above.
After that, we have a break in market structure, which shows us sign of strength on key level.
That's why there's a higher probability of seeing prices higher at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
CADJPY may go up from the bullish order block.CADJPY may go up from the bullish order block.
BULLISH ORDER BLOCK :- 108.185 AND 107.960
There is another bullish order block slight below the first order block.
The price is now at bullish order block it's time to open the position within the order block to have the profits.
i have analyzed chart using most advanced price action strategy using SMC (smart money concepts)
according to my analysis i suggest :-
Entry price :- 108.185
Take profit :- 108.893
Stop loss :- 107.626
CAD_JPY BULLISH BREAKOUT|LONG|
✅CAD_JPY is trading in a
Local uptrend and the pair
Has formed a bullish wedge
Pattern from where we are
Already seeing a bullish
Breakout so we will
Be expecting a further
Move up
LONG🚀
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CAD/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.329 level.
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Lingrid | CADJPY bullish DIVERGENCE: Potential BUYFX:CADJPY made a fake breakout of the previous support level but then bounced off it, taking liquidity below the previous week's low. On the daily timeframe, a long-tailed bar has formed, indicating that bulls are attempting to push the price higher. Additionally, on the 4H timeframe, we see another long-tailed bar, which further signifies buying pressure. There is a bullish divergence present on the current timeframe, suggesting a potential trend continuation. I think IF the market breaks and closes above the 108.500 resistance level, there is a good chance that the price may test the level above the equal high on the left. This would be a strong confirmation of the bullish sentiment in the market. My goal is resistance zone around 109.15
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPY: Pullback From Key Level 🇨🇦🇯🇵
CADJPY may pull back from a key daily/intraday horizontal support.
As a confirmation, I see a double bottom pattern on that
and a violation of its neckline on an hourly time frame.
Goal - 108.63
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Bearish breakout?CAD/JPY is reacting off the pivot which acts as an overlap support and could breakout to the 1st support level.
Pivot: 108.03
1st Support: 106.91
1st Resistance: 108.68
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cadjpycadjpy had previously made a fakeout in the minor downtrend. Now it is approaching this trend with volume. In case of breakout, it will rise to the channel median and also the session resistance level of 109,000. In case of breakout of the 109,000 level, it will rise to the upper region of the channel, 111,000.
CADJPY Bounce off Demand Zone?This is a head up! I shall be watching this pair closely. The plan will be to open a LONG position when I get the close of an hourly candle showing a bounce to the upside. This is consistent with the 4H and Daily trend direction. I shall be waiting for a pin bar, engulfing or tweezers. I shall place the stop below the zone at about 107.55. If the price drops below the zone that this idea will be scrapped.
NOTE. Canadian CPI is due for release 12:30 GMT TODAY so I will NOT be opening a position until after this data release.
CadJpy Trade IdeaGood Morning ! There's 2-3 set ups I see this morning that could potentially play out. First set up for me is gonna be CJ. As of now CJ seems to be respecting the resistance level marked out. If price can break below the 4hr HL then we would have a shift of structure. Confirmation for me will be a bearish engulfing right after the retest to confirm our shift in structure. I'll personally be looking for a 1:4rr on this set up.
CADJPY LONGCadjpy on structure formed a w pattern, which isnt completed as yet. So anticipation on technicals illustrated would we are still yet to push high.
CADJPY-SHORTCADJPY was trading in a bullish trend,as it has formed a bearish divergenc so we are expecting a bearish trend to start from here
CADJPY SELL 4 HOUR TIME FRAMESTRONG SUPPLY ZONE
Lower Lows being created
Price has to feel the gap below
Expecting a 12:1 reward, Let's see!
OPTIMISTIC TARGET
CADJPY SELL 4 HOUR TIME FRAMEStrong SUPPLY ZONE
Lower Lows being created
Price has to feel the gap below
Expecting a 4:1 reward, Let's see!
Shorts for CJ this weekCJ is currently forming a selling opportunity to feel up all the gaps that have been formed while it was forming the new highs on the monthly and weekly time frames
