CADJPYI believe that price could continue bullish here on CADJPY, all timeframes in sync and looks like it could soon break above the zone and then use the round number 109.000, the zone, and the EMA for support to go higher.
JPYCAD trade ideas
CADJPY - Look for a long !!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. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + level 108.000.
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WHATS FLOWING: CADJPY ( LONG - 4H ) [SWING]Today, CADJPY is showing bullish momentum on the 4H chart, driven by recent market dynamics and key economic releases. The pair has gained 3.40% over the last 30 days, signaling continued upside potential as the Canadian dollar strengthens against the Japanese Yen. (Forex Factory)(FXEmpire).
As we progress through the day, keep an eye on any short-term pullbacks as buying opportunities, as there’s still room for further gains. The ongoing economic outlook favors the Canadian dollar, especially as oil prices and economic growth indicators in Canada remain supportive.
Stay tuned for more insights on how to capitalize on this bullish setup!
WHATS FLOWING: CADJPY [EASY] CHARTOANDA:CADJPY
On the 15-minute chart, CADJPY is displaying strong bullish flow, making this a straightforward trade setup. The upward momentum signals clear buy-side pressure, providing an opportunity for short-term gains.
For a simple and effective breakdown of this trade, check out the full video, where I walk through the key levels and why this trade works in today’s market conditions.
WHATS FLOWING: CADJPY (1m) [EASY]On the 1-minute chart, CADJPY is displaying strong bullish flow, making this a straightforward trade setup. The upward momentum signals clear buy-side pressure, providing an opportunity for short-term gains.
For a simple and effective breakdown of this trade, check out the full video, where I walk through the key levels and why this trade works in today’s market conditions.
CADJPY-SELL strategy 6-hourly chart Heikin AshiThe pair is under pressure and it has moved from the resistance 109.40 area.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
BUY CADJPY - trade idea explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Potential bullish bounce?CAD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1sst resistance level which is a pullback resistance.
Pivot: 108.03
1st Support: 106.91
1st Resistance: 109.68
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cadjpycadjpy made a fake breakout in the 4-hour rising trend channel. It has now re-entered the channel. It will pull back to the lower support of the channel.
CADJPY View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to 4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
CADJPY: More Growth is ComingI noticed another breakout today:
CADJPY has surpassed a significant horizontal resistance and closed above it, suggesting the possibility of continued bullish momentum.
The next resistance level to monitor is at 111.05.
CADJPY: Range Breakout & Level Breakout1. 1W: Bullish candle
2. 1D: Range breakout to upside
3. 1D: 50 SMA uptrend continuation
4. 1D: Level breakout and retest
5. 4H: 50,100,200 SMA uptrend
6. 4H: Level breakout and retest
Strategy: In 4H, currently retesting; upon upside candle stick (e.g., engulfing), enter LONG trade.
CADJPY: More Growth is ComingHere is one more breakout that I spotted today:
CADJPY broke through an important horizontal resistance and closed above it, indicating potential for further bullish movement.
The next resistance level to watch for is at 111.05.
CADJPY for buy.We can see a double bottom In a major support zone.preice already broke out of the zone, wait for retest and long to next resistance zone.
CAD/JPY Poised for Further Gains After Bullish Flag BreakoutCAD/JPY Poised for Further Gains After Bullish Flag Breakout
On Friday, CAD/JPY broke out from a bullish flag pattern, signaling potential for further upward movement.
This pattern, known for indicating trend continuation, appears robust and suggests that CAD/JPY may continue to rise.
The bullish momentum is further supported by the positive movement in USD/JPY, driven by the latest Non-Farm Payroll (NFP) data released on Friday.
CAD/JPY is expected to maintain its upward movement throughout the week.
Key resistance levels to watch are 110.60 and 111.85, which could be easily reached if the current momentum persists.
Thank you and Good Luck!
CADJPY continue its BULLISH TREND.making HHs n HLs
.making continuation of FLAG PATTERN
.TRENDLINE also performing well
.carry projection of flag pattern
CadJpy Trade IdeaCJ with the clean range between 108.8 and 104.350. Another pair to end the week breaking above the range possibly giving us opportunities to go long on the pair for the new week. Before executing on the pair I would need to see price pullback and retest 108.8 to confirm longs for the week. If price happens to break back below 108.140 with smaller time frames shifting structure then shorts would come into play here. Patience is gonna pay here.
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
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CAD/JPY Bullish Breakout: Potential Buy OpportunitiesThe CAD/JPY 4-hour chart shows a strong bullish movement after completing a Bullish Gartley harmonic pattern. The support zone around point D, acted as a significant reversal point. Now, the price has broken through a descending resistance line, indicating a potential continuation of the bullish trend in the short term. Positive momentum and a favorable technical setup are present, supported by the TDIGMA oscillator moving into overbought territory, confirming strong upward momentum.
1. Buy on Retest of the Broken Trendline
After breaking the descending trendline, the price may retest this line as support, presenting a buying opportunity on a pullback. This strategy targets the continuation of the bullish movement.
Entry: Buy between 108.20 - 108.40 on the retest of the broken trendline.
Stop Loss: 108.105 (below the recent consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: The strong uptrend and breakout from resistance make this pullback buy strategy highly probable.
2. Buy on Continuation After Consolidation
If the price continues to rise without retesting the broken trendline, wait for a consolidation phase and look for a buying opportunity once the upward trend pauses, aiming for a continuation of the bullish move.
Entry: Buy around 109.505 after a consolidation phase.
Stop Loss: 108.105 (below the consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: A continuation buy strategy can be effective, but it’s crucial to watch for clear signs of a pause in the movement before entering.
Final Notes
CAD/JPY is showing clear bullish signals after breaking a descending trendline. The strategy to buy on the retest of the broken line offers a high probability of success. Alternatively, buying after a consolidation phase provides another viable strategy with a solid risk-reward ratio. Monitoring price action and confirmation signals on lower timeframes is essential for adjusting entries in real-time.
CAD/JPY Buy Setup Pending Bullish TDI ConfirmationCAD/JPY is showing an OLHC structure for September on the daily timeframe, indicating a potential buy setup.
Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart. My target after the bullish cross is 108.000 .
Trade with caution, and if you find this idea helpful, please support it with a like, comment, and share."
CADJPY LONGCADJPY is in up trend. its is making HH and HL. there is no divergence. place buy limit at fib level 68.1
CADJPY Will Go Down From Resistance! Short!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 108.351.
Considering the today's price action, probabilities will be high to see a movement to 108.001.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADJPY potential sell at resistance I'm currently taking a sell on CADJPY as price approaches a strong resistance level around 108.6. Despite the recent bullish momentum, this level has previously acted as a barrier, and combined with a rising wedge pattern, it suggests potential exhaustion of the uptrend. If price fails to break and hold above this resistance, a bearish reversal could follow, offering a good sell opportunity.
