CADJPY Bearish Breakout!OANDA:CADJPY broke the rising
Support line and is going
Down again so we are
Bearish biased and we
Will be expecting a
Further move down !
JPYCAD trade ideas
CADJPY View!!Not much in USD/CHF before Wednesday and 0.8765 on $500 million and between 0.9035-45 on $807 million. The biggest EUR/CHF strike expiry is on Monday at 0.9705 on 626 million euros.
GBP/USD strike expiries worth noting are on Monday at 1.2940 on £553 million and between 1.2975-90 on £1 billion. There's little thereafter until Friday at 1.2970 on £713 million.
CADJPY SELL PROJECTION CADJPY, GBPJPY are likely to go deep this week due to the breakout from the uptrend and retest to the zone. Apply proper risk management
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CADJPY: Strong Selling Pressure EvidentA bearish breakout has occurred in CADJPY, with the price breaking below both an upward trendline and a horizontal demand zone.
Following a retest of the broken trendline, a strong rejection suggests potential for further downside movement.
The next key support level to monitor is 108.83.
CADJPY: Clear Strength of the SellersWe observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
CADJPY GOING DOWNYesterday for halloween, something spooky happened : CADJPY broke the uptrend and is now free ;
after reaching one more time the HH KL, it is to go down, helped by the elections tuesday.
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 - 109.29
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 109.91
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 BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
CAD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 109.909 area.
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CADJPY Fri 01 NovDaily : Bullish Trend
H4 : Reversal Patterns Identified, Price push back to Key Key Level
H1 : Fals Moov UP, Wait for Bearish Reversal Pattern TO GO SELL
CADJPYWe can attempt to short CADJPY from specified levels if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
Lingrid | CADJPY Potential SHORT from SWAP zoneThe price perfectly fulfilled my last idea. It hit the target. FX:CADJPY has tested the 110.600 resistance zone three times but ultimately bounced off this level after forming a range zone. Given the significant bearish daily candle, I believe the market may head lower. The recent price action has also seen the price break and close below the upward trendline that had been holding for over a week. The formation of lower lows indicates a shift in market structure. If the market rejects the swap zone, we can expect a downward move towards the channel's lower boundary. My target is support zone around 108.75
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
CADJPYFor CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
CADJPYFor CAD/JPY, considering the influence of the U.S. Non-Farm Payroll (NFP) report, a stronger-than-expected NFP typically boosts the U.S. dollar, which can negatively impact the Canadian dollar (CAD) due to its correlation with USD. This, combined with recent yen strength from safe-haven flows amid market volatility, suggests a potential selling opportunity for CAD/JPY. Monitoring key support levels, confirmation from price action, and any divergences on technical indicators is recommended before entering the trade.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 50% Fibonacci resistance.
Pivot: 108.93
1st Support: 108.02
1st Resistance: 109.82
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31-10 ProbelegCADJPY 31-10: after weeks of ups and downs a Macd indicates a trend change. Our signal system gives a buy score of 5 which consists of: Cot Data 0, Retail sentiment 0, Seasonality 1, Trend reading 1, GDP 1, Manufacturing PMI 2, Services PMI -1, Retail Sales 0, Inflation 0, Employment Change 2, Unemployment Rate 0, Interest Rates -1. Still we go for a sell series from 109.101.
Scenario CADJPYThe running double top that stretches all the way in the channel is interesting, especially around the marked support where a correction structure was formed against the second peak, the value of the fibo level is 0.5, the situation around the marked circle will be decisive for me and if the price breaks through the lower wall of the channel, I will enter a short position
CadJpy Trade IdeaCJ was another set up I posted the other day. I spoke about price being in a range with solid structures to support some type of long or short entry. I was personally looking for price to either break above the LH to continue the range and catch some logs with targets around resistance or wait on price to crash back down below and retest to confirm the break of the range with some short positions. The first entry would've been a loss but the 2nd entry for shorts would've hit tp and recovered any losses. I didn't take the trade since I was already in another. For CJ shorts would ideal.
CAD/JPY Levels: High-Probability Short and Long SetupsCAD/JPY pair has shown a consolidation pattern and recent recovery following a sharp drop from highs near 118.80. After this correction, price has established a support base around 104.50 and has recently climbed back to 111.00, encountering a significant resistance level.
On the daily chart, CAD/JPY shows resistance near the 50 and 200-period moving averages, suggesting potential pressure around the current level. The TDI indicator signals divergence in the overbought zone, reinforcing the likelihood of a short-term reversal or correction.
Additionally, CAD/JPY is trading within a long-term ascending channel, providing mid-term buy and sell opportunities around key levels.
Setups
1️⃣ Sell at Resistance with Reversal Setup
Entry: 111.00
Stop Loss (SL): 112.20
Take Profit (TP): 106.00
Rationale: CAD/JPY faces technical resistance at this level. The overbought signal combined with divergence on the TDI increases the probability of a short-term pullback. This setup targets a potential price retreat to the next support near 104. If SL is hit, this would indicate continuation, invalidating the setup.
2️⃣ Buy on Pullback to 50-Period Moving Average
Entry: Await price correction towards 50 MA for optimal entry
Take Profit (TP): 113.00
Risk-Reward Ratio: 1:2+
Rationale: In line with the CAD/JPY recovery trend within the ascending channel, this strategy captures a retracement entry on the 50 MA, often acting as dynamic support. The TDI signals suggest mild overbought easing, supporting this strategy with controlled risk.
CAD/JPY is trading at a crucial technical level, where buyers and sellers are battling near 111 zone. Analysis suggests a likely short-term reversal toward support or a potential break above resistance, continuing the long-term trend. The outlined strategies address these scenarios with defined entry, SL, and TP levels, optimizing return potential while managing risk. We recommend closely watching for confirmations at resistance and support in lower timeframes before taking positions.
📈 As always, monitor price action closely! 📉
CADJPY is BearishPrice was in an uptrend, however a bearish divergence seems to be at play on four hourly time frame, previous higher low is broken successfully. If the bears continue to exert pressure, then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
CADJPYShort position on CADJPY because
LH and LL
Triple top formed above and price rejected
Lower channel broken
Rejected From 0.5 FIB of previous trend
CADJPY: Ascending TriangleBullish Trend
Ascending Triangle
Breakout towards upside Expected
Buy with instant buy order
Buy @ CMP
SL @ 109.73
TP @ 112.371
CadJpy Trade IdeaCJ's set up is pretty self explanatory. We've been ranging with some solid structures within the range to give us opportunities short and long the pair. If price can break above and retest the LH then we could get into longs and continue the range or catch the break and retest to the downside and break from the range.
CADJPY GOING UP !!Reaching the uptrend ceiling ;
Taking a little longer to go up but will surely do ;
After that some zigzag and it will come back to the same levels.
