CAD/JPY: Bullish Flag FormationCAD/JPY has formed a bullish flag pattern, indicating potential upward momentum. This technical setup suggests a continuation of the previous upward trend
JPYCAD trade ideas
CADJPY Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 108.99
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 109.78
Recommended Stop Loss - 108.60
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
London Session Forex Market Analysis: USD Strength Leads the wayHi Traders,
Here’s a quick market analysis for the London session.
We’ve observed some notable movements in the currency pairs under review. As a quick recap from our weekly trade planning session (Portfolio Selection):
Strong currencies: USD remains the leader, followed by JPY, CAD, CHF, and AUD.
Weak currencies: EUR, NZD, and GBP.
The USD's bullish momentum is clearly dominating across the board, providing opportunities to target selling the weaker currencies against the USD.
Remember to approach the markets with a clear plan and stick to your trading plan.
Happy Trading!
CADJPY - 15 mins Sell
Key Observations:
Current Market Context:
The price has broken below significant support levels, creating a bearish structure.
The market has formed a rising wedge near a resistance zone (a bearish continuation pattern), which aligns with further downside potential.
Key Resistance Levels:
Immediate resistance is at 109.40, which aligns with the previous Rising Wedge formation and serves as a rejection point.
A secondary resistance level is 109.80-110.00, where significant bearish order flow could resume if retested.
Support Levels to Target:
Short-term target: S3 (108.91), the next major pivot level.
Extended target: S4 (108.41), which aligns with the broader bearish momentum.
Bearish Momentum Indicators:
The market has already broken below the S2 pivot level (109.42), confirming bearish momentum.
The distribution and prior top (Top 1 and Top 2) zones indicate smart money selling, further supporting a sell bias.
Moving Averages:
The shorter-term moving averages (yellow and gold) are trending downwards, crossing below the longer-term moving averages (purple/blue), confirming bearish alignment.
Volume and Confirmation:
Look for price rejection near the resistance zone at 109.40 with bearish candlestick patterns (e.g., bearish engulfing or pin bar).
A failure to reclaim the pivot at S2 (109.42) will also validate the bearish continuation.
Bullish reversal off 61.8% Fibonacci support?CAD/JPY is reacting off the pivot and could rise to the 1st resistance which has been identified as an overlap resistance.
Pivot: 109.05
1st Support: 107.77
1st Resistance: 110.41
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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CAD/JPY Bank Money Heist Plan on Bullish SideHello!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist CAD/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry should be in pullback.
Stop Loss 🛑 : Recent Swing Low using 4H timeframe
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CADJPY Buy Trade 70 pipsCanada's macroeconomic data is good. I am going to place a buy order right now. Also, retail sentiment is perfect because short-term is 80% and long-term only 20%.
This trade idea matches very well with my strategy, but market sentiment rapidly changes because of war updates and the Japanese yen safe haven.
Cad continues going downsell on tuesday jpy is gaining momentum going up cad big players continues to sell
CADJPY, Double Top with Bearish Divergence at Weekly ResistanceDouble Top formation at weekly resistance
Matured Bearish Divergence
Rejection seen with Losing bullish momentum
New low or bearish activity expected
Sell @ CMP
SL above double top
Target 1:1
CADJPY might display weaknessThe Canadian dollar might display weakness against the Japanese Yen.
Yields of 30-year bonds of Canada were pushed higher after the stronger than expected inflation print in October, and the situation has been temporarily bullish for CADJPY, but Yen remains to stay either a safe haven amid geopoliitcal uncertainty and a higher yield currency at the same time.
So, CADJPY might follow the track of it's peers (EURJPY, GBPJPY) and slide deeper as shown at the chart. The trade location is potentially interesting for shorts.
Remember - that's not a trading advice, always DYOR and manage your risk!
cadjpy test support zonecadjpy is trading ar support zone if price break support it will bearish and if price bounce back from support it will go bullish
CADJPYit's been in a strong uptrend, it's a bit late to enter a trade here, but if it pulls back to the consolidation of the v-formation neck, I'll open a long.
CADJPY - BEARISH TRADEPrice moving in bullish trend formed bearsih divergence with double top reversal pattern.
It indicates trend reverse to declining phase.
If price crosses down neckline, sellers will remain in control.
#006 DCA CADJPY SellI wanted to short CADJPY just now when price was at the weak up channel, however, on the higher time frame, especially the Daily, price was above the 60SMA, so, I thought to myself, I might sell it later if I get some extra confirmations in some form, for example, strong selling pressure.
Now, price has collapsed downwards and so I decided to sell into this downward pressure.
In the past I like to wait for price to come back to an area of value as taught by Rayner, but based on my experience, the levels I draw is as good as a toddler's drawing.
With this DCA trading, I decided to just enter at any spot that I want to, and then if price retraces back to "previous areas of value", I place pre-determined Limit Orders for price to trigger.
I am an agent.
I buy and sell as the market wishes. I provide the liquidity to whoever who comes to my money exchange shop.
Doesn't matter if SGD 1 is RM2 or RM3.3, I just buy and sell however much the customer wants and profit the difference.
That's my job and that's what I do. Just that, I am doing it on a laptop.
I might be in the brokers B Book. But who cares? Life is a simulation. Trading is also just a simulation for most. Including me.
0000SGT 21112024
CADJPY A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the CADJPY next move:
The instrument tests an important psychological level 111.33
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 110.57
My Stop Loss - 111.79
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
cadjpy sell
H4 there is a bullish channel and a double top
H1 the structure is bearish and the 21 ema is about to cross the 50 ema
M15 fibs reject 61.8 and the tp at 127 and the last floors of H1
CADJPY Breakdown Following Structural FailureHey Guys,
Today, we are trading the CADJPY live. Earlier this week, I highlighted 110.48 as a critical level to monitor, as it marks the reset point (Structure 4) of the last completed H1 bearish wave structure.
Key levels of interest for further downside movement:
109.56
109.06
CADJPY: Pullback From Resistance?! 🇨🇦🇯🇵
CADJPY may retrace from a key daily horizontal resistance.
As a confirmation, I see a tiny double top pattern on an hourly time frame.
Goal - 111.06
❤️Please, support my work with like, thank you!❤️
Midweek Portfolio Selection: Weekly & Daily CSI AnalysisJoin me for the Midweek Portfolio Selection, where we analyse the Weekly and Daily Currency Strength Index (CSI) to identify shifts in the currency landscape. This process helps refine our trading bias to stay aligned with market dynamics.
In this episode, we’ve observed notable changes, particularly in the AUD and USD.
Key Highlights:
Buy Pairs: AUD, CAD, JPY, CHF, USD
Sell Pairs: EUR, GBP, NZD
Combining these buy and sell pairs increases the probability of capturing strong directional movements in the forex market.
If you find this video helpful, please give it a thumbs up and share your thoughts in the comments.
Wishing you a successful trading week!
Happy Trading!
CADJPY LONGSBeen a Bullish trend since October, and November opened above Oct close. Big ingulfing candle with the close and open below( July close was resistance turn to support with November opening above. I'm expecting buys above 109.899 and Take profits FX:CADJPY at 112/113/114 and possibly 115/116 but pullbacks around 113 before the larger scale moves.
CADJPY demand trade idea we have CAD breaking alot of structure to the upside and now its back at a demand and we have a nice rejection candle of the demand and the 200 ema. if we can break this h4 candle to the upside i will get in to this trade and SETANDFORGET as always.
Market Analysis: CADJPY H1 Bearish Wave Structure AnalysisThis evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4.
From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave structure downward. The key level to watch is 110.48.
Happy trading!
CADJPYWe can attempt to buy CADJPY from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart
