JPYCAD trade ideas
CADJPY | Short H4 | Market Exec |Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on H4 a time-frame.
- Price action is reversed off the Supply Zone
- Targeting the other Demand Zone
- Price action looks like it will retrace first before grinding up higher.
Suggested Trade:
Entry @ Area of Interest 113.70 - 114.20
SL @ 114.92
TP 1 @ 112.92 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 111.82
Risk-to-Reward @ Approx. 2.06 (Depending on Entry Level)
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DeGRAM | CADJPY rebound from supportCADJPY has exited the descending channel and is now moving between the trend lines.
The price has reached the support level from where it started the rebound.
Last time the chart also reversed from the current support level
We expect the rebound to continue to the 50% retracement level.
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CADJPY ShortPrice Action Trading
Daily Bias Bearish
H4 Bearish, Price retrace back to at least 61.8% and rejected from a previous horizontal level. H4 candle was bearish candle.
In H1 TF, Price broke a H1 support neckline and close lower. Set a short trade at Broken support level and TP at Swing Low of Daily TP with R:R 1:8
cadjpy is bullishwe are noticing bullish pattern is underway and per our previous analysis as below we are following long positions toward previous high
this update is follow up the below analysis
CADJPYWe can attempt to short CADJPY from specified level as it make LH , trendline resistance , also there is bearish divergence indicate that it moves downward.
SL , TP mention in chart.
Potential bullish rise?CAD/JPY has reacted off the pivot and could rise to the 1st resistance which is a pullback resistance.
Pivot: 113.02
1st Support: 111.66
1st Resistance: 114.23
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cadjpyhopefullythis serves as a reversal confirmation.
sellers have been rejected on a daily low buyers are stepping in
CADJPYMissed out on the long grind to present level. I have interest on this pair as price is yet to meet Price Objective (PO) for chart pattern + Trendline + D1 FVG area (confluence) as price has touched level briefly before continuing to the upside.
I expect to see a pull back after this drop and look out for SHORT (scalp) opportunities to the downside and eventually PO in the short term. Though overall market trend is Bullish but could it be a Reversal print?
CADJPY - 4hrs ( Sell Trade Target Range 180 PIP )☑️Pair Name : CAD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Retest
114.500 Area
Reasons
- Major Turn level
- Pattern Retest
- Day / week low Break
- VisibleRange Hvn
- inner counter Trend
Bullish Reversal
112.800 Area
Reasons
- Major Turn level / W
- Pattern Target
- Choch Zone
- Fixed Range Hvn
- Quarter High Area
- Major Channel Middle Band
short now long laterThis market is amid market correction or correcting the markets imbalances that were previously created. This market will fool most into thinking that it is shorting but I suggest take the sale until the reversal seen here. The chart has revealed a soon to be inverese bullish flag pattern. The market has rejected beautifully off of the nearest QP (quarter point) as well as has remained in an upward trend on the higher timeframes. The market has failed to break or need to break the daily low as well as has continued making higher highs. Take the shorts but be aware of the imbalance candles. There is a 4 hour retest noted that would turn into TP 1 if ignored.
CADJPY relentlessly bullish - going towards multi-year highsIchimoku Kinko Hyo is a complete trading system and I will be using it a lot more than I have been. Here are my reasons for continuing to be bullish on this pair:
Tenkan sen (Conversion Line) thick blue crossed over Kijun sen (Base line) red line.
Price – holding above the Kumo cloud
Chikou Span (Lagging Span) black line is holding above price and the cloud.
Kumo Cloud now – green color indicating bullish bias.
Kumo Cloud future – green color indicating bullish bias.
Thursday candle - hammer
For stop, I will be trailing it below the Kijun sen.
Target should initially be just below the recent (spike) multi-year high at 117.330.
My trade idea is 1 day late, should have taken a long trade on Fri after the hammer candle but I did not see it. Pull backs usually happen and a nice big pull back would be very welcome as it would give a better entry.
This is not a trade recommendation.
Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades.
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CADJPY: Bullish Outlook Explained 🇨🇦🇯🇵
CADJPY is trading in a bullish trend on a daily.
Last week, the price set a new higher high higher close,
violating a strong horizontal resistance.
The market opening turned out to be bearish.
The pair is currently testing a contracting demand zone
based on a broken structure and a solid rising trend line.
I think that the market may resume the growth soon.
Next resistance - 115.8
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CADJPY is looking good to continue the bull trendthe pair is currently making retracement so we can find descent entry by applying fib channel moreover there is no divergence which is a good sign for a bull trend
Long Tradethe price has started its bullish run. the price made a huge pullback last week and now has created a higher high
The #1 Last Step To The Rocket Booster Strategy - ExplanationDo you remember that extra step in the rocket booster strategy?
The rocket booster strategy has 3 powerful steps but the
last step in the strategy is a very important and potent one.
THE PRICE HAS TO GAP UP
This is why on this chart we are using the PAR to help
us indicate a level of performance for the rocket booster strategy
to show us the power of the last step
to learn more about the rocket booster strategy check out the references below
also rocket boost this post to learn more.
Disclaimer: Trading is risky you will lose money wether you like it or not so please learn risk management.
CADJPY Resistance Breakout At 115.289 03.05.2024- Resistance breakout at 115.289 on 1hr CADJPY chart.
- If breakout holds, high probability of rising to 115.636.
- If 115.636 is broken, further upward movement likely.
- If breakout fails, high probability of dropping to 115.016.
- If 115.016 is broken, further downward movement likely.
- Apply risk management
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cadjpy is bullish in long termcadjpy has already gone out of its triangle and completed its publlback and headed toward its target @161% fibo level .
we are following the pair movement in lower time frame to enter long positions on pullback toward 142.5
BULLISH SENTIMENT! Price may buy from 114.850 level of price is offered once more! A buy opportunity ( by limit) is envisaged once price trades back to that level
113.273 AS A BUY BUY PRICE OFFER!!!!The Second quarter of the year is over! What’s that summary of price action so far?
Well… price remained bullish. JPY keep weakening.
In all, if price is offered at 113.273, a buy opportunity is expected to occur .
Keep a close watch
CADJPY is in bullish trendwith no divergence and making new HH the pair is retracing to some extent for a decent bullish phase
