CADJPY - LONGI am already long on cadjpy.
The pair has established a healthy uptrend so far and I am capitalizing on this by adding more long positions to my trade as son as price hits the uptrend trendline at about 118.567.
CADJPY trade ideas
CAD/JPY H1 | Falling to overlap supportCAD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 118.34 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 118.07 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 118.84 which is a pullback resistance.
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CAD/JPYThe Ascending channel on a smaller time frame has been broken by price and it is currently making a correction
CAD/JPY For Bullishyou can go long now and take any target
- General Trend is Up Trend
- Price made higher low at green arrow
- I think price will try to retest current resistance at red arrow
have fun :)
CADJPY Strong sell opportunity at the top of the Channel UpThe CADJPY pair gave us an excellent buy signal last time we looked at it (May 30, see chart below) that easily hit our 116.500 Target:
Now it is flashing the opposite, a strong sell signal right after a Higher High (top trend-line) rejection on the 7-month Channel Up pattern. Ahead of a 1D MACD Bearish Cross, the opportunity becomes even more obvious.
Every Bearish Leg hit at least the 1D MA50 (blue trend-line) before making a Higher Low, so our Target is set at 115.500, which is an optimal level towards the final week of July.
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CADJPY SHORTShorting into major demand as BOJ meets this week to discuss bond purchasing. Intervention still on the table. Rate hike and bond purchase plan announced on the 31st. Still holding all XXXjpy shorts half risk each
CADJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 114.06
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 114.90
Recommended Stop Loss - 113.49
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
cadjpy shortthe setiment on myfx in over 90 percent short. A divergence has been played and now its forming series of LHs and LLs so we can short is using the DOW theory.
CADJPY Possible Long Position BBMA OA Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red 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
#CADJPY: 800+ Pips Possibly The Next Big Movement to OccurDear Traders,
Likewise our GBPJPY idea we also expect the similar movement on CADJPY, due to JPY recent bullish price correction, price of JPY pairs dropped heavily, however, the good thing is price rebounding from a vital key level which may be a turning point that buyers were looking for. Please note, today there is bank holidays in the uk and japan.
CADJPYRead carefully, If the red candle closes red it a confirmed High and it will sell im not sure to where but will just look for divergence
CADJPY: Important Breakout & Bullish Continuation 🇨🇦🇯🇵
CADJPY broke and closed above the resistance level
based on the year's high.
It indicates the strength of the buyers and a high chance
of a further bullish trend continuation.
I think that the pair will reach 119.0 level soon.
❤️Please, support my work with like, thank you!❤️
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD.
Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term.
CADJPY:
Bullish trend continuation after a structural reversal.
Look to buy after every pullback above 117.50.
GBPUSD:
Intraday downtrend.
Strong momentum high yesterday.
Sharp rejection during the New York session.
Expect price to trade below 1.2620 after a correction.
AUDUSD:
Strong downtrend.
Directional bearish wave structure.
Look for a correction to break above wave structure 4 before shorting.
High probability of a new momentum low below today's current low.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H and look for possible again (if possible ) in the same direction again
* 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
CADJPY - 4hrs ( Sell Trade Target Range 240 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 important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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✔️Bearish Reversal
117.600 Area
reasons
- Major Choch Zone
- Visible range hvn
- Counter Trend
- Mjaor Channel Upper band
- weekly Hvn
- Fbio Golden Zone
✔️Bullish Reversal
115.200 Area
Reasons
- Major Turn level
- VIsible range Hvn
- Pattern Target
- Quarters Area
- Trend Line Area
- Choch / D
CADJPY 4hrs Bearish DivergenceThere is bearish diergence on 4hrs time frame, after red candle we can short till Tp1 and Tp2 points.
Manage your risk accordingly.
Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY.
GBPUSD:
The bullish wave structure is broken.
High probability sell at 1.2654 targeting 1.2612.
AUDUSD:
A bearish wave suggests a buy at the low.
A strong rally on Friday.
Prefer buying after a correction to the 0.6640 buy zone.
USDCAD:
A bearish move on Friday indicates a revisit to 1.3734.
Expect lower prices to 1.3627 before buying.
USDJPY:
Strong uptrend last week.
Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone.
Trade below 160.70 suggests further decline.
A break above 160.96 negates selling.
CADJPY:
Similar to USDJPY.
Potential downside after Thursday's high.
A strong break of the high on Friday suggests an uptrend continuation.
A break below 117.43 indicates a selling opportunity after a pullback.
CAD_JPY WILL KEEP GROWING|LONG|
✅CAD_JPY is trading in an
Uptrend and the pair made
A bullish breakout of the
Key horizontal level of 117.310
And the breakout is confirmed
So we are bullish biased and
We will be expecting a
Further move up
SHORT🔥
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CADJPY bearish move CADJPY has is forming an ending diagonal which is a reversal pattern to complete corrective wave B. We anticipate a long term sell, to complete wave c of the corrective wave 4.
Japanese Yen Losses Draw Suspected Intervention After BoJ OutlooThe 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.
Donnelly says the rise in initial unemployment claims revealed in the Department of Labor's weekly reports during May and falls in job openings highlighted by recent Bureau of Labor Statistics JOLTS surveys, imply a soft payrolls number on Friday.
Consensus is looking for non-farm payrolls to rise 185,000 for May on Friday, up from 175,000 in April, but Donnelly says this positive skew is surprising in light of survey data pointing toward a softening of the labor market over recent weeks.
"I would think the exact opposite makes sense and a 4.0% unemployment rate is much more likely than 3.8%," Donnelly said.
USDJPY
was quoted 0.21% higher around 156.24 on Thursday while
CADJPY
was 0.09% higher around 114.02.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
* Every trade has a possibility to change its direction
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
CAD/JPY Bullish Breakout: Navigating Strong Upward MomentumFollowing a solid breakout above recent resistance levels, CAD/JPY is demonstrating strong upward momentum, underscored by a well-established ascending trend line. The pair is currently setting its sights on the 118 level, a move fueled by robust trading volumes and bullish sentiment. This chart provides a technical analysis of the ongoing trend, focusing on key resistance-turned-support points and potential future trajectory. Traders should watch for continued support along the ascending trend line, which could play a crucial role in sustaining the upward movement. Keep this pair on your radar as it approaches the critical 118 level, signaling potential opportunities for bullish entries.
