Sell CAD/JPY Breakout PatternThe CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be Around 115.70
Target Levels:
1st Support – 114.65
2nd Support – 114.12
Stop-Loss: To manage risk, place a stop-loss order above 116.10. This helps limit potential losses if the price falls back unexpectedly.
Thank you.
Cadjpyshort
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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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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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114 break opens up 118 & more 114.214/114.244 must close & break above these two figures.
113.97
Small sl 133.75
Initial round number 110. That holds it will happen in a years time from today
I expect big pumps in jpy pairs watch the space
500 cadjpy
700 usdjpy
Gbpjpy still not sure but 239 maybe higher we'll see that one as we not sure on decision as yet due to missing 2019/2023 entries & 2022 bottom
Wave structure Multi timeframe analysis - CAD/JPY & GBP/USDCAD/JPY
The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability that the trend will complete the cycle which means we will see the momentum low 5.
GBP/USD
We have seen two trend-changing patterns in the GBP/USD. On Friday we have also seen a strong rejection from the high and this move down has created a potential 3rd structural failure, this means the current secondary trend is about to change to the downside.
Our short will be valid when the price trades below 1.2538; this will be a final confirmation of the trend change
CADJPY - POTENTIAL RETRACEMENT FROM FVG / SHORT SIGNAL💡Hello Traders!
CADJPY - At the moment I see a bullish structure on the h1 and h4 timeframe, favoring short positions. I'm looking for a potential short opportunity if the price will retrace from the FVG.
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible.
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CADJPY - Potential sell idea ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from S/R zone + FIBO 0.618 level.
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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 Bearish Side Heist PlanDear Pro,Legend,Noob Traders,
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CADJPY: Possible 300 PIPS Selling Opportunity! Dear Traders,
There is a good possibility that we can expect short term selling opportunity on CADJPY; saw some bullish exhaustion and price dropped created change of character. Though the price has risen up sharply to previous high, we still expect price to reject from the area around previous high. With 60 pips stop loss the setup idea look reasonable to take risk with 350 pips in take profit. Good Luck and Trade Safe.
#CADJPY: Major Swing Selling Opportunity, 300 Pips Expected! Dear Traders,
Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march.
Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300 pips selling opportunity can be targeted. Using of Accurate Risk Management is advisable and protect your capital at all time. Only take this idea as your bias.
Good Luck and Trade Safe!
CADJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity CADJPY
I still did my best and this is the most likely count for me at the moment.
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CADJPY AnalysisHello, traders I have been analyzing the CADJPY market trend for a while now and if you look closely it has created a rising wedge pattern on a Daily time frame for my understanding, this pattern signals a bearish move. So now I will wait for the price to break the trend line and that zone I highlighted and come back to it and act as resistance then I can look for long bearish trades. So what do you think about this one?
CADJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance and then to reject from bearish order block + institutional big figure 110.000.
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