CADJPY - Bearish TradeCADJPY in advancing phase reversed trend to declining phase. Now trading in bearish trend with EP, SL and TP 1 & 2.
JPYCAD trade ideas
CADJPY is approaching a significant zoneHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area.
Trade safe, Joe.
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY
CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY."
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CADJPY: Why Institutions short at 100%+ Fibs.Hey Traders,
Getting the best and optimal price for entry is always important to those making money.
That is because when you enter a position, you want to get the best price.
Just the same as buying or selling anything, like a car or house.
Watch for a runover and my Short bias.
CADJPY The Target Is UP! BUY!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 111.37
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 111.92
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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📈 CAD/JPY Review 📉📈 CAD/JPY Review 📉
CAD/JPY saw a notable rise last week, reaching the previous week's high before encountering resistance, forming a compelling setup in lower time frames. 🚀📉 Target levels are clearly outlined on the chart, with focus shifting towards last week's low. 🎯 Overall, a promising opportunity seems to be brewing in the CAD/JPY pair. Keep a close eye for potential entry points! 💼💰 #TradingView #ForexTrading 🌐
CADJPY Potential Bullish ContinuationOn an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
Inflation Deflator Indicator Signals Sell for $CADJPYID has printed a 1h sell signal. Price just rejected off 4h supply zone. Should be a solid short from this price.
CADJPY WILL TRAP BUYERSin my analysis it is clear that there is a fake out in the resistance area and has the potential to drop to take liquidity below, buyers will be caught in a trap in this trade
Week 1 Dow Theory: Idea 3The CAD/JPY pair is exhibiting strong bullish signals within a defined range from 109.8 to 112.26, indicating potential for profitable trading opportunities. With a careful analysis of the market dynamics, a strategic trade plan has been formulated to capitalize on this upward momentum.
Entry Point: Identified at 110.27, this entry point aligns with the bullish sentiment observed in the chart, signaling an opportune moment to initiate a long position.
Stop Loss: Positioned at 109.96, the stop loss is strategically placed to mitigate potential losses in the event of an unexpected reversal in the market.
Take Profit Levels:
TP1: Set at 111.4514, this target represents a calculated point where partial profit can be secured, maintaining a Risk Reward ratio of 1%.
TP2: Positioned at 112.6328, this target allows for further profit maximization, maintaining a Risk Reward ratio of 2%.
Lot Size Calculation:
Based on a trading capital of $10,000, a lot size of 0.13 has been determined, ensuring optimal risk management and capital preservation.
CADJPY: Weak Market & Bearish Forecast
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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Short Opportunity on CADJPY According To Uptrend / Reversal Pattern / Divergence ON CCI / Reversal Price Action On Daily /Fibo Retracement to 50 and 61% .
CADJPY Triangle break-out buyThe CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) :
Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of January - February.
So far the fractals appear to be quite identical as following a +3.34%, the price pulled-back to the 0.382 Fibonacci retracement level, which is at the moment holding. As long as it continues to do so, we expect a bullish break-out similar to February's towards the -0.382 Fib extension, hence our Target is 113.500.
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Waiting for a possible reversalExpecting a completion of the rising wedge pattern and reversal in the trend. This could be possible because it would be a retest of the recent higher high on the daily timeframe.
Trade entered into a short Took a short on this pair as the market structureshows me bearish moves to the downside to fetch some liquidity and then to eventually rise back up past the current high. This is my new strategy and so far, I am seeing great results :).
Short to the support zone :)I believe my new strategy to be around 70% accurate, waiting for a reaction from the area of where my short is placed, I will also make sure that when a rejection occurs, I enter when I see a BOS on a lower time frame, such as 5 minute or 1 minute, just for double confluence :). The trend is bearish and I believe the support zone I have marked out, is unmitigated :)
CAD/JPY - Anticipating Downside Breakout from Key Support AreaOverview:
CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of this resistance zone.
Analysis:
The current price action finds itself positioned at a pivotal juncture, hovering around a key support area. This confluence of technical factors suggests a heightened probability of a downside breakout from the support zone. As such, prudent traders are advised to anticipate a continuation of the bearish momentum.
Trade Recommendation:
- Entry: Optimal entry presents itself upon a re-test of the price near 111.500, offering an opportune moment to enter short positions.
- Stop Loss: To mitigate potential losses, a stop loss is advised at 112.000, safeguarding against adverse market movements.
- Take Profit Targets: Targeting downside objectives, the first take profit level is set at 111.070, followed by a secondary target at 110.620.
Conclusion:
In conclusion, the technical outlook for CAD/JPY suggests a favorable opportunity for bearish positioning, supported by the convergence of the XABCD Gartley pattern and the 4-hour Bearish Trendline. Traders are encouraged to exercise disciplined risk management and adhere to the specified trade parameters to capitalize on the anticipated downside breakout.
Disclaimer:
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
CADJPY SELL TRADEFX:CADJPY going down and might break the support too, but for now stick with this tp and i hope y'all get lucky!!
ATTENTION : forex trading is professionally studied and it's not based on luck, any attempts to enter any trade requires patience, studying, and relaxation so u don't stress out
CADJPY selling momentum opportunity...Is this is the time for a big short??? CADJPY was building up for quite some time. The question is, shall we pull the trigger and short now???
CADJPY is sellingFOREXCOM:CADJPY OANDA:CADJPY FX:CADJPY
CADJPY is reach the selling power area, we aim to sell now
