CADJPY Short opportunity price has taken liquidity from the day before also taking the highs from asia, waiting for it to break those equal highs and break structure on m5 to look for sells
CADJPY trade ideas
CADJPY Will Go Higher From Support! Buy!
Please, check our technical outlook for CADJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 109.006.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 109.549 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADJPY: Head and Shoulders Pattern With a Sloping NecklineCADJPY: Head and Shoulders Pattern With a Sloping Neckline
Technical Analysis:
After the price reached an all-time high zone near 111.80 we can see the creation of the Head of our pattern.
This is an ugly variation as it has a sloped neckline but it tends to perform well as a classic "H&SH" Pattern.
The price is testing a strong support zone for the moment which can push CADJPY higher again as it is shown in the chart.
It is very risky in the bullish scenario due to the many factors but it has to correct before it moves down more.
The big trade is only down...
You may find further details in the chart!
Thank you and Good Luck!
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CADJPY Bearish Plan for LootingGuys Am currently looting some money in this CADJPY Market. My Heist started at the Moving average Pullback in Sydney session💰.
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?
CAD/JPY BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
CAD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 110.076 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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CADJPYThough we have a bearish outlook on the monthly charts, currently we are in a strong bullish correction that is printing higher highs seeking to mitigate supply zones (118).On the weekly charts we still have the same bullish bias.
On the daily charts, we are in a minor bearish correction targeting the weak demand zone between 108-94 price handle. On the 4 hour we are still in a bearish correction seeking to clear disequilibrium. If the price breaks below 104 then its targeting the weekly demand.
CADJPY SELL/SHORT NOW**The Canadian dollar (CAD) surged against the Japanese yen (JPY) in January due to the yen's dramatic fall to record lows. This weakness in JPY caused all JPY pairs, including CADJPY, to rise significantly.** However, the trend seems to be reversing. The yen has begun to strengthen in February and is expected to continue this bullish momentum throughout March.
**Looking ahead, analysts anticipate a potential pullback in CADJPY. The price might approach a key support level and then reverse, creating a selling opportunity of around 140 pips.** It's crucial to employ proper risk management strategies, such as stop-loss orders, to safeguard your capital during this trade. Remember, this is just a trading suggestion based on current market sentiment, and further research is recommended before making any investment decisions.
Here's some additional information you might find helpful:
* **Fundamental factors:** Consider economic news and events that could impact the CAD and JPY exchange rates. These factors can influence the overall trend and potentially alter the predicted pullback in CADJPY.
* **Technical analysis:** Utilize technical indicators on charts to confirm the potential reversal at the support level. This can add confidence to your trading decision.
* **Market volatility:** The currency market can be volatile, so be prepared for price fluctuations that might exceed the anticipated 300 pips.
By considering these additional points, you can make a more informed trading decision based on your risk tolerance and investment goals.
CADJPY: Important Breakout & Bearish ContinuationThe CADJPY pair has broken through and closed below a significant horizontal level on the 4-hour chart, indicating strong selling pressure and suggesting a potential continuation of the bearish trend.
It is likely that the pair will decrease further, so traders should look for opportunities to enter on a retest of the broken structure.
CADJPYBearish Gartley pattern. Look for sell opportunities.macd indicates loss of momentum forming lower lows.
CADJPY: GET YOUR SHORTS READY!We are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement- then we look for a bearish market structure shift on the 1hr and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
CADJPY Predication & AnalysisAs per my Technical analysis the trend is bullish possibility to move as per mention in chart. Above 108.800 the price is move upper side as per current scenario.
cadjpy on strong support level Assalam-o-Alaikum,
I want to discuss the CADJPY pair with you. The market structure is bearish on the daily chart, but there is strong support at the current level. On the H4 chart, the market structure is also bearish, and there is a chance that the market will retest the previous low and move upwards (FVG). Based on these two pieces of evidence, it seems we should consider a short-term buy on the H4 chart, and then sell after the retest.
I would appreciate guidance from the senior members.
CAD-JPY Rebound Ahead! Buy!
Hello,Traders!
CAD-JPY kept falling down
But has now reached a
Horizontal support of 108.871
From where I think we
Will see a local bullish rebound
Buy!
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Check out other forecasts below too!
CADJPYThe expected trend for this asset this week is: BULLISH
So apart from searching for market orders, we are going to schedule the next order;
that it will be removed on Wednesday afternoon if the price has not reached there.
Remember that this is just one of the three operations we use for forex trading.
Luck and blessings.
CADJPY Cadjpy has been strongly bearish, daily major level of support has been reached at 109.075, i believe market has come to its end of its bearish run, closing for the weekend with a rejection candle in 4hr time frame. Im looking to see a rejection of support level before reversal.
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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OPPORTUNITY FOR SELL CADJPY- Low volume to continue the current direction
- Year + 6M + 3M + 1M high-level resistance
- Return to the Uptrend line
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
✅CAD_JPY TIME TO BUY|LONG🚀
✅CAD_JPY fell again to retest the support of 108.884
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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CADJPY - ANALYSIS*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
DeGRAM | CADJPY short opportunityCADJPY is moving in the descending channel and has made lower lows.
The price is creating a potential AB=CD pattern.
Price action formed a kill zone for the short opportunity: fibo level 38.2% and reaction zone.
We expect a bearish move and the completion of the AB=CD.
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CAD/JPY Sell Limit OrderCAD/JPY Sell Limit Order
Direction: Sell Limit
Entry Price: 110.412j
Take Profit Targets:
TP1: 109.400
TP2: Open (Price at order placement)
Stop Loss: 110.650
Disclaimer: I am not a financial advisor and this is not financial advice. Please consult with a financial professional before making any trading decisions.
