CADJPY SHORTDAILY
- Bullish impulse, now in corrective phase (?)
- Head and shoulder pattern (line chart)
WEEKLY
- Last candle close bearish
- Weekly highs
4 HOUR
- Bearish impulse
- Head and shoulders pattern
CADJPY trade ideas
CAD/JPY H4 | Pullback resistance at 61.8% Fibonacci retracementCAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 112.58 which is a level that sits above a pullback resistance.
Take profit is at 111.03 which is a pullback support that aligns with the 38.2% Fibonacci retracement level.
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CADJPY MADE A HIGH ON H4 AHEAD OF CAD INFLATION RATEPrice traded and made a high on H4 timeframe today at 112.404. What do we expect the market do next ahead of CANADA INFLATION RATE TOMORROW we look forward to seeing more price action around 112.404 area to confirm more , the current bullish sentiment in the market.
CADJPY, Ascending TriangleThe outlook for CADJPY is bullish. Price is forming an ascending triangle and is currently trading near resistance.
There are three possible outcomes for CADJPY:
Price breakout to the upside. This is the most likely scenario, as the price is forming an ascending triangle and is currently trading near resistance.
Price bounces off of support and continues to trade within the triangle. This is also a possible scenario, as the price has a history of bouncing off of support in the past.
Price breakout to the downside and then rebounds. This is the least likely scenario.
CAD JPY PRICE - MOVING UPWARDS TO THURSDAYS SUPPORT ZONECAD JPY PRICE - FLIGHT MODE right now here we can rising wedge parttern got break out fridays resistance zone, now price is moving up ward direction to the fill liquidity till 112.055 and also creating imbalance from support zone.. follow for more live updates
CADJPY in sideways marketCADJPY is showing resistance and support at different levels. Trade is placed considering a pullback at resistance.
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 PRICE - BACK TO FILL IMBALANCE LIQUIDITY AT SUPPORT ZONECAD JPY PRICE - BACK TO FILL IMBALANCE LIQUIDITY AT SUPPORT ZONE, before that price fall from resistance nd created a bearish pennant pattern balanced the liquidity area which is imbalanced before got a break out again retested make a short entry as shown in the picture follow for live updates...
CAD/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
CAD/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 111.685 level.
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The CADJPY is currently fluctuating within a sideways.Following the shift from an uptrend to a downtrend, the CADJPY exhibits bullish divergence and then transitions into a non-trending range.
CADJPY Bullish Heist Plan in Long sideHi Crazy Traders,
This is our Day Trade master plan to Heist Bullish side of CADJPY Bank. My dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Loot and escape near the target 🎯
CADJPY - SidewaysCADJPY chart is printing sideways candlestick
When the support breaks
EP: 110.978
SL: 111.421
TP1: 110.5350
TP2: 110.0920
When the resistance breaks
EP: 112.358
SL: 112.055
TP1: 112.6610
TP2: 112.9640
CADJPY-In a sideways movement on the hourly time frameTaking a buy stop position in this pair based on support and resistance.
CADJPY - Buy StopCADJPY - Buy Stop
Currently Price is trending between a fixed range,
Looking to go Long in case R2 is broken
CADJPY SHORT CADJPY is making a range. it is not in a trend but likely it will go down because primary trend is down.
CADJPY - Sideways MarketCADJPY in sideways market with trade plans for both long & short trades with the help of support and resistance.
Trade recap and analysis - CAD/JPYTrade what you see not what you think!
We had a nice sell today on the CAD/JPY, this trade was accelerated by the CPI news and the CAD Monetary policy news.
The outlook now is bullish based on the wave structure count on the H4 chart. The price has now printed a momentum high 1 (Resistance) followed by a structural point 2 (Support); which is a buy point.
Using the Fibonacci retracement tool as a guide for our Buy-Zone, we believe that the retracement is valid and buying now is a high probability trade.
Targets: 112.22 & 112.56
SL: Below 111.40
Deep Retracement - CAD/JPY Intraday setupMomentum precedes prices.
Yesterday the CAD/JPY broke down sharply below key structural points. The discounting in price (Retracement) was very deep and slow.
Now, based on the reappearance of the 4th structure (Blue Dots) which to us indicated that we can now look for a sell setup. We executed a sell using the WT Candle plus break of the London session market side (Vwap).
Potential target is 111.36
Stop Loss is 112.00
Why I Think CADJPY Will Continue to SellHey Rich Friends,
Happy New Year! The second trade I will be taking this year will be a sell for CADJPY. Anything could happen during this NFP Week but here is what I am looking at:
- The most recent candle has rejected the previous supply area
- The momentum indicator is facing down
- The slow line (orange) is above the fast line (blue) on the stochastic
Additional confirmations to look for:
- Wait for the stochastic to cross below 80
- Wait for the momentum indicator to be negative
- Wait for break of structure on the downside
TP will be set at 100 and 200 pips from SELL LIMIT entry!
It is still NFP week so remember to check the new and only enter a trade if it makes sense to you.
Peace and Profits,
Cha
CADJPY May Go Higher! Here is WHY: 🇨🇦🇯🇵
CADJPY formed a huge inverted head and shoulders pattern
after a test of a key horizontal daily structure support.
Because the pair is trading in a long-term bullish trend,
chances will be high to see a bullish movement to higher structure levels.
Goal for buyers: 112.14
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CAD JPY TRADE SETUP 4 HOURCAD JPY has formed a Symmetrical Triangle + A head and shoulders pattern 🤩 on the daily resistance level....
All we need to see before executing this trade is candlestick confirmation on the Right shoulder of the head and shoulders pattern. ⏰
