CADJPY Potential Breakout SetupCADJPY potential breakout trade, place your's buy and sell stop orders and place TP and SL.
Manage your risk accordingly.
CADJPY
CADJPY rise up after pull backIn the last analysis, I thought it would go straight to the level of 102. But actually, after breaking the old top, it had a correction. Now entry with stop loss below the cloud and target at 102.50
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CAD/JPY +190 Pips From My Free Trade Shared Yesterday CongratsCAD/JPY +190 Pips From My Free Trade Shared Yesterday Congrats
CADJPY Rejected on the 1D MA200. Is this a trend change?The CADJPY pair got a rejected yesterday near the 1D MA200 (orange trend-line), which hasn't been touched since November 30 2022. Since the March 24 Low the price has been trading within a Channel Up but the long term pattern is a Megaphone and yesterday's rejection took place on its top (Higher Highs trend-line).
With the 1D MACD about to make a Bearish Cross, this is a Triple Sell signal on the long-term. As long however as the 1D MA50 (blue trend-line) and the Channel Up hold, we can buy and target short-term the 1D MA200 at 101.500. If however we close a 1D candle below the Channel Down, the Sell Signal will be confirmed and we will target 95.200 (above the Support Zone) and 93.500 (Megaphone's bottom) in succession.
P.S. It's been almost 4 months since we called for a bullish divergence on CADJPY:
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CADJPY CorrectionCADJPY is possibly correcting and might retest the 100 moving average, Fibonacci level of 61.8%, and the convergence of two local trends before resuming its downward movement.
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CAD/JPY BOOM BOOM +130 Pips Congratulations If U Entered With MeCAXD/JPY BOOM BOOM +130 Pips Congratulation If U Entered With Me
CADJPY - Bearish Trend According to my analysis using the Relative Strength Index (RSI) indicator, there is no divergence present at the moment. Trend is printing series of LHs and LLs.
As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio.
However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
CADJPY - ReversalCADJPY going bearish. Took the trade at 101.806.
Trend was initially bullish but there is a bearish divergence and trend made its first LL. A rising wedge can also be seen as a reversal pattern.
Entry (Sell Stop) : 101.219
Stop Loss : 101.806
CADJPY Can Be Finishing Corrective RallyCADJPY pair is trading nicely as expected for the last couple of weeks. It turned aggressively down with five wave cycle from 110 area. A decline that suggests more weakness but after a corrective rally, as we already shared back on March 27. We know that corrections are made by three waves A-B-C that is now in full progress with already wave C in the making. Ideal resistance comes around 50% - 61,8% Fibonacci retracement, so keep an eye on 102 - 104 resistance zone, where bears may show up again.
CAD/JPY Shows Good Bearish Price Action And Offer Sell TradeCAD/JPY Shows Good Bearish Price Action And Offer Sell Trade
CADJPY Live TradeThe CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo.
Enjoy!
CADJPY here !!we can on weekly and daily chart w pattern chreated
so maybe a good move we can see in future
CADJPY BUYSHello traders, trust y’all are having a great week, let’s talk about CJ we are Currently having A Head and Shoulder Chart Pattern And we all knows what it means and what prices is actually saying so not much to say let’s wait for price to retest zone 98.754 for a Shoulder to be formed then we can start seeing a bullish continuation pips target for this trade is about 170 pips, price target is 100.550 tell me what you guys think about this trade thanks
$CADJPY👑 #CADJPY BUY 👑
ENTRY:
98.501✅
TARGETS:
1️⃣98.676🎯
2️⃣98.975🎯
3️⃣99.202🎯
4️⃣99.354🎯
5️⃣99.524🎯
Stoploss:
97.999🛑
CAD/JPY SHORT ENTRY Hey Guys!
I just aborted the entire cad/jpy short position due to possible current long strength kicking back in.
That's it! Have a great day!
Ken
CADJPY SHORTOn 4h timeframe it got rejected on resistance level, it looks sideways though, for 2hr timeframe it looks bearish for me, and might go back to the 2hr supply area and sweep the internal liquidity. However on 30m timeframe there is a supply area, if ever it price gets rejected on that supply area, I guess it can be considered as the new Lower high and may not proceed to the 2hr Supply.
CADJPY Bullish Scenario (H4 Timeframe)Refer Daily frame analysis, linked below!
This is a possible scenario, somewhere we might have a head and shoulder pattern before the price pushes northwards!
Yes, it's a risky trade but it is a possibility!
Patience and strong risk management are KEY HERE!
CADJPY Trade! Before / After.Hello traders around the world!
My name is Alexandre Karim and today I am going to tell you how I took my double short position on CADJPY.
In my previous analysis on this pair (Shared Apr 18), I was looking for a reversal pattern in this area since we are on the third touch of the upper TL.
The price went up correctively reaching this area & gave us a double top as well for more confirmation.
Therefore, the pattern that I took (First short position) was the break out of the hourly ascending channel and I sat my SL above the previous high (100.664). When the price gave us the first impulse all the way down to (98.930) I moved my SL to Break Even.
The second pattern / second position that I took was the hourly bearish flag signaling a continuation to the downside.
My entry was at the break out of the structure (Bear flag) + my SL at (99.588) above the previous high.
Then moved my SL to BE when the price gave us the impulse to the downside.
Currently both of my positions are at BE now and I will be waiting for 1 hour corrections to lock above them and secure %
Patience is key.
Risk management is crucial.
Aim for quality trades.
#THEPRIMES
W9-23 CADJPY BEARISH IDEA (RISING WEDGE)POTENTIAL BEARISH ENTRY
The price action has formed a series of higher highs and higher lows. It eventually forms a bearish divergence and a rising wedge, and the price is expected to fall from the previous higher low.
TP and Sl levels are defined
CADJPY Bullish Scenario (D1 Timeframe)A very important zone on CADJPY!
The overall structure is uptrend!
Price at a very important zone on both H4 and Daily Timeframe!
If this zone holds then the next stop is 100.50!
CADJPY may has a BIG movement againLast time we hold 25 days from the bottom to the top around 600 pips, now there is a chance to hold another 25 days to catch another BIG movement.
CADJPY - BUYDepending on how price reacts at this daily support zone I will be looking to buy
Look for rejection wicks, engulfing candles or SMC bullish Change of characters.
