CADJPY Bearish Wedge Pattern!CAD-JPY is trading in an
Uptrend but the pair has
Formed a bearish wedge
Pattern and is trying to make
A bearish breakout so I think
That If the breakout is confirmed
Then we can expect a local
Bearish move down !
CADJPY
CADJPY, Deviation back inside the range? CADJPY / 4H
Hello traders, welcome back to another market breakdown.
CADJPY has made a large leg down, which might result in a second leg down. The price is back inside the range for now deviating from a weekly high.
I'm already short with the stop flat, looking to add to my position if I get the trigger showen on the chart.
Trade safely,
Trader Leo.
GetMoneyTradez CadJpy setup 100+pipsMarket has reached a nice price reversal zone and showing price action to short. Looking for the market to continue with a similar pattern descending into a bearish price channel same as the previous drop for about 100 to 150pips. Seeking a nice 4:1 risk to reward on this setup for some major profit$$$$
CADJPY CADJPY has break the inclining trendline and important support zone heading toward the lower targets of 160.50 area.
As the price has also break the local descending channel to downside which is also signaling the sell side is much favorable.
What you guys think of this idea. ?
CADJPY Two scenarios but sell opportunity more closely.The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0 Fibonacci extension at 114.775.
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Strifor || USDCAD-08/23/2023Preferred direction: BUY
Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most likely the instrument will tend to touch the resistance level 1.36545 in the very near future.
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CADJPY Potential upsidesHey Traders, in today’s trading session we are monitoring CADJPY for a buying opportunity around 106.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.900 support and resistance zone.
Trade safe, Joe.
CadJpy- Has it topped?Since mid-march, CadJpy has had an impressive rally, with the pair gaining 1500 pips in only 3 months.
A steep 500 pips correction followed the top consolidation and after this, the pair resumed its up move.
However, looking at recent price action we can see that the pair is struggling and the last 4 attempts to reconquer 108 failed.
At this moment the possibility of a lower high is probable and a new leg down could follow.
Confirmation for this comes with a break under recent trend line support but aggressive traders could look to sell rallies against the recent top. In such an instance, a 1:4 r:r could be achieved.
CADJPY Breaking out of the triangleCADJPY has found a bottom at 167.60 at the bottom of the triangle formed previously creating a higher lower at support. Knowing that the overall trend is still bullish and that the fundamentals of the JPY is still negative, i am expecting a push to the upside...
CADJPY → Ascending triangle. Waiting for a breakthrough FX:CADJPY is forming a local upward trend. The currency pair is gaining resistance at 108.12 and forming an ascending triangle, most likely we will see some development in the near future.
The currencies are weakening on the background of fundamental and geopolitical nuances, but the currency pair is getting stronger, overcoming one of the key levels at 107.6. Globally, CADJPY is in a bullish trend, but for the last few weeks the price has been stopping and forming a flat. Within the flat we see prerequisites for further growth.
Earlier, the SMAs were tested, which now act as support.
Resistance levels: 108.12 109.47
Support levels: 107.6, pattern support
According to the mentioned prerequisites, I expect a retest of the figure resistance with further breakout and growth to the mentioned resistance.
Regards R. Linda!
CADJPY H4 | Bearish reversal off 50% Fibo?Price has reached our sell entry at 107.66, and this aligns with the 50% fibo retracement and 100% fibo projection, which shows that there is fibo confluence. Furthermore, we can see that our sell entry is at the neckline of the double top pattern, which confirms our bearish bias. Our stop loss is at 108.23, which is the multi-swing high resistance level. Take profit is at 107.16, which is the multi-swing low support level, and our take profit is placed before the 50% fibo retracement.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Strifor || USDCAD-08/17/2023Preferred direction: BUY
Comment: The currency pair remains under bullish control and local highs are expected to be updated. Level 1.35000 is currently the key support from which growth to 1.35500 is expected, and higher targets are also considered.
Thank you for like and share your views!
CADJPY H4 | Falling to 23.6% Fibo supportCADJPY is falling towards the buy entry at 107.659 which is an overlap support and could potentially reverse from this level to bounce higher.
Stop loss is at 106.925 which is an overlap support that sits under the 50.0% Fibonacci retracement level.
Take profit is at 108.704 which is a pullback resistance.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
CADJPY Just Broke The Last HighCADJPY has been forming higher highs and higher lows inside on this ascending channel confirming that the overall trend was bullish. Last sessions, price came and retested the support at 107.50 which had already been a solid one in the past. At the moment, what we see from price action is a break of the last high that showns strong momentum to the upside... My targets are the following pivot points : 108.52 and 109.28
CADJPY : Short Trade , 1hHello traders, we want to check the CADJPY chart. The price has broken the ascending channel to the bottom and pulled back to the specified key level. We expect this level to play the role of a resistance level and cause the price to fall further. If the price falls, we expect it to fall to the targets of 107,400 and 107,000. Good luck.
Immediate Trading Opportunities AwaitDon't let Monday's reputation of slower market movement deceive you! This week, four immediate trading ideas present themselves right at the market's open. Many traders might overlook these due to the common notion that Monday trading is sluggish. Avoid this pitfall by conducting your analysis over the weekend. Stay ahead of the game and seize these trading prospects.
Canadian Dollar vs. Japanese Yen
Turning to the Canada Yen pair, the weekly chart shows a retest of the previous high, indicating a predominantly bullish movement. The daily chart solidifies this bullish trend. Counter-trend traders can explore pullback opportunities to secure good earnings. The four-hour and one-hour charts mirror this setup, offering counter-trend traders a chance to benefit.
🔍 Weekly Chart Insights 🔍
For the Canada Yen pair, a bearish Shark pattern retest presents an opportunity. Counter-trend traders can consider shorting at 108.75, potentially accompanied by RSI divergence. On the daily chart, a shorting opportunity is plausible with a retest at 109.12.
📊 Immediate Focus: Four-Hour Chart 📊
A bearish Bat pattern, already completed, captures my attention on the four-hour chart. This can potentially be shorted right at the market's open, or a bit of patience can be exercised to await an ideal confirmation. An entry point of 107.87 seems fitting if the trade conditions align. Conversely, a buying opportunity might arise with a bullish Bat pattern at 104.67.
🕒 Action-Oriented Monday 🕒
On Monday, my attention will primarily be on the four-hour chart for this trade setup.
CADJPY: Bearish Continuation
The recent price action on the CADJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CAD-JPY Will Go Down! Sell!
Hello,Traders!
CAD-JPY has reached a
Horizontal resistance of 108.096
And as the pair is locally
Oversold I think that
We will see a local correction
Sell!
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Check out other forecasts below too!
CADJ - WAIT FOR TRENDLINE BREAKOUTFor this pair, let wait for trend line breakout.
Then we will look for BUY when price come back and re-test
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
FX:CADJPY OANDA:CADJPY FOREXCOM:CADJPY
CADJPY H4 | Potential bullish bounce?CADJPY is falling towards an overlap support and could potentially reverse from here. We could see price bounce up to our take profit target.
Entry: 106.888
Why we like it:
There is an overlap support that aligns with the 38.2% Fibonacci retracement level
Stop Loss: 105.888
Why we like it:
There is a pullback support that aligns above the 61.8% Fibonacci retracement level
Take Profit: 108.008
Why we like it:
There is a swing-high resistance
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CADJPY H4 | Falling to pullback support?CADJPY is falling towards a key overlap support and price could potentially bounce off this level to climb higher.
Price could hit the buy entry at 106.876 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Take profit is at 108.003 which is a swing-high resistance.
Stop loss is at 105.848 which is a pullback support that aligns above the 61.8% Fibonacci retracement level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
