Cad/Jpy is Bearish.I see a bear move on a 4hr tf although the Monthly timeframe shows a continous uptrend that wants to create a new HH .
I will be taken advantage at this bearish move .
Happy trading
CADJPY trade ideas
CADJPY FALL IS COMIN????I'm back, Finally, let's jump in. Lookin at the data provided by the economic news portal, there's a potential that Canada will continue to weaken against the Yen. This was also confirmed with the closing of the weekly CADJPY, which shows there's a rejection after the bullish rally and was supported by the strength of the Canadian economy previously. But hey, things change , and it'll always happen, as the unemployment rate is worsening in Canada while Japan's economy remains balanced .
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Entry could possibly be taken at the OTE . I use the 4 hour chart to draw the highs and lows of the weekend. If you want to take the entry, make sure to take it responsibly and manage your risk well .
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Stay Safe
X.CO
CADCHF H1 POSSIBLE SELL OPPORTUNITY Price recently pushed to a low price of 111.120. A began to make a retrace. A deeper retrace to 78.2% of the fibo retracement tool provide an insight for a sell opportunity
CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE CAD JPY - PRICE AGAIN BACK TO SUPPORT ZONE TILL 111.618 LINE make a short entry after beakout of up trend line as shown in the picture, follow for more live updates @FOREX_TRADER_007
CHART2-5 CADJPY TREND IS GETTING BULLISH AGAINCadJpy was reversed recently from Bullish to Bearish the tide looks to go back to bullish again with evidence for divergence.
Chart 2 of 5: CADJPY Short Term reversal is fading awayThe recentl trend reversal from Bullish to Bearish is reversed now with divergence evidence.
CADJPY long At the end of this month, the Canadian Yen will target new resistances, as mentioned in the Pivot indicator, which gives supports, resistances, and the Pivot axis.
✨ CADJPY: ITF CURVE ANALYSIS (10H) ✨ (DOWNTREND)If my analysis is correct, we have a potential of another wonderful trade on our hands. The R:R (when position sizing correctly) will be a whopping 73:1! Details below:
SLO2 @ 112.26 ⏳
SSO1 @ 111.05 ⏳ (set after SLO triggers & is green)
TP1 @ 106.201
TP2 @ 101.063
TP3 @ 97.697
🔑
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
CADJPY CRIES MY TURN MY TURNOther JPY pairs have commenced a downward trend, indicating a potential for CADJPY to follow suit.
Bullish OpportunityPrice is now at the bottom of the 4h KC and bullish trendline. It seems there will some momentum upwards according to RSI
CADJPY - Bearish TradeCADJPY in advancing phase reversed trend to declining phase. Now trading in bearish trend with EP, SL and TP 1 & 2.
CADJPY is approaching a significant zoneHey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area.
Trade safe, Joe.
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY
CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY."
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CADJPY: Why Institutions short at 100%+ Fibs.Hey Traders,
Getting the best and optimal price for entry is always important to those making money.
That is because when you enter a position, you want to get the best price.
Just the same as buying or selling anything, like a car or house.
Watch for a runover and my Short bias.
CADJPY The Target Is UP! BUY!
My dear subscribers,
My technical analysis for CADJPY is below:
The price is coiling around a solid key level - 111.37
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 111.92
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CAD/JPY SHORT FROM RESISTANCE
Hello,Friends!
CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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📈 CAD/JPY Review 📉📈 CAD/JPY Review 📉
CAD/JPY saw a notable rise last week, reaching the previous week's high before encountering resistance, forming a compelling setup in lower time frames. 🚀📉 Target levels are clearly outlined on the chart, with focus shifting towards last week's low. 🎯 Overall, a promising opportunity seems to be brewing in the CAD/JPY pair. Keep a close eye for potential entry points! 💼💰 #TradingView #ForexTrading 🌐
CADJPY Potential Bullish ContinuationOn an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
Inflation Deflator Indicator Signals Sell for $CADJPYID has printed a 1h sell signal. Price just rejected off 4h supply zone. Should be a solid short from this price.
CADJPY WILL TRAP BUYERSin my analysis it is clear that there is a fake out in the resistance area and has the potential to drop to take liquidity below, buyers will be caught in a trap in this trade
Week 1 Dow Theory: Idea 3The CAD/JPY pair is exhibiting strong bullish signals within a defined range from 109.8 to 112.26, indicating potential for profitable trading opportunities. With a careful analysis of the market dynamics, a strategic trade plan has been formulated to capitalize on this upward momentum.
Entry Point: Identified at 110.27, this entry point aligns with the bullish sentiment observed in the chart, signaling an opportune moment to initiate a long position.
Stop Loss: Positioned at 109.96, the stop loss is strategically placed to mitigate potential losses in the event of an unexpected reversal in the market.
Take Profit Levels:
TP1: Set at 111.4514, this target represents a calculated point where partial profit can be secured, maintaining a Risk Reward ratio of 1%.
TP2: Positioned at 112.6328, this target allows for further profit maximization, maintaining a Risk Reward ratio of 2%.
Lot Size Calculation:
Based on a trading capital of $10,000, a lot size of 0.13 has been determined, ensuring optimal risk management and capital preservation.
CADJPY: Weak Market & Bearish Forecast
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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