CADJPY Local Bearish Bias!CAD-JPY is trading in a
Local downtrend and
We are seeing a bearish
Breakout of the key
Horizontal level of 106.246
Which is now a resistance
So we are bearish biased
And we will be expecting
A further move down!
CADJPY trade ideas
CAD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are going long on the CAD/JPY with the target of 108.361 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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CADJPY Bullishwe buy here now.. it might go more down a lil...but from here is safe cause it might jump up and we cant catch it
CADJPY BuysEntering buys just before the strong low and discount area, but full TP on sells in way down. TP is my entry for buys, stops just below the strong low.
Very good R:R tight SL using normal lot sizes strong setup
CAD/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the CAD/JPY with the target of 103.526 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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CADJPY View!!The risk around Friday's US non-farm payrolls number is to the downside and sales of
USDJPY
and
CADJPY
are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly.
"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader.
"With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
CADJPYThis CAD/JPY long trade aims to leverage a potential rise in the Canadian Dollar against the Japanese Yen. The trade setup shows conditions supportive of a bullish move, with all critical levels for Entry, Take Profit, and Stop Loss clearly marked. This strategy is designed to capitalize on the strength of the CAD, with a focus on riding the anticipated upward trend while managing risk efficiently.
CAD_JPY WILL GO DOWN|SHORT|
✅CAD_JPY is set to retest a
Strong resistance level above at 109.000
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 108.000
SHORT🔥
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CADJPY IDEA.I entered a long position. I believe we are still in a weekly uptrend. Just hit my tp1 50 pips in pocket.... ;)
CADJPY trend line break out (chart of the day)
CADJPY showed a nice jump after upbeat Canadian GDP data. It hits a high of 108.80 and is currently trading around 107.99.
The economy rose to 0.50% y/y in Q1 in line with expectations from Q1 0.40%. the yearly GDP grew 2.1% in the Q2 ,well above estimate of 1.6%.
Technicals-
The pair trades above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 108, a breach above targets 108.80/109.20/110. The immediate support is at 107.65, any violation below will drag the pair to 107.20/109.90.
Indicator (hourly chart)
CCI (14)- Bullish
CCI (50)- Bullish
Average directional movement Index- bullish. All indicators confirms bullish trend .
It is good to buy on dips around 107.97-108 with SL around 107.48 for a TP of 108.80/109.25.
CADJPY Massive Short! SELL!
My dear subscribers,
CADJPY looks like it will make a good move, and here are the details:
The market is trading on 107.78 pivot level.
Bias - Bearish
My Stop Loss - 108.06
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 103.30
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
potential 500pip in colored zoneThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView
CADJPY BUY TF H4 TP = 116.34 On the H4 chart the trend started on Aug. 02 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 116.34
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
CAD/JPY H1 Short the "Head & Shoulders"Sell Entry @ 106.591
S/L @ 107.894
T/P1 @ 105.256
T/P2 @ 103.956
R.R.R. @ 1/2
H&S formation is completed and the breakout of dynamic trendline has occur.
Lets sit on our hands and wait !!!
CADJPY - 4hrs ( Buy Trade Target Range 240 : 500 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 importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
107.900 Area
Reasons
- Major Turn level / W
- Visible Range Poc
- inner Trend Break
- Counter Break
- Inner Choch
- Fixed Poc Area
- Fibo Golden
Bearish Reversal
110.500 Area
Profit taking Area
Bearish Reversal
115.500
Profit Taking Area
CAD/JPY - Awaiting Symmetric Triangle Breakout
Symmetric Triangle formation observed.
Possible breakout on either side.
Key resistance at 108.84 and 112.08.
Supports to watch at 106.20 and 104.22.
CADJPY TRADE IDEA
✅Pair Name: CADJPY
✔ Classic RANGING formation
CADJPY is holding CONSOLIDATION ZONE . CADJPY is now in the range, so we have to wait for the market to retrace in the direction of the break.so after market retracement I can take buy OR Sell entry. If your analysis matches it take a trade otherwise skip the trade.
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CADJPY - In Bearish TrendCADJPY is in Bearish trend. Entry is clearly mentioned on chart with tp & SL.
CADJPY1.CADJPY has been on an uptrend for a while now.
2.The price was forming higher highs and higher lows on the uptrend move.
3.The price then managed to react from an H1 ORDER BLOCK.
4.We then waited for the price to react on an M15 time as way to getting an early entry point.
5.The M15 market structure has been broken as indicated from the above chat.
6.We then waited for the price to return back to the M15OB that caused the market structure break.
7.The price managed to return back to the M15 OB.
8.We SELL CADJPY
Buy CADJPYthere is channel that has formed, the price has been in consolidation for a long time, there is gonna be a breakout, retest and a pefect opportunity to go long, dont miss it
my outlook on cadjpy from 3M TIME FRAME TO DAILY time frameCJ has just broke the major support that held the market as a bullish trade ,on higher time frames cadjpy has retraiced at fib 88 of the prev hh on 3m tf, the market has significantly form new lows regarding breaking of the structure ..on my view ill be waiting for retaivement at fib 78..having a bearish trade
CADJPY Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
