CADJPY Will Go Down!CAD-JPY retested the
Broken rising support line
And is now making a pullback
So I think that it will go
Even further down !
CADJPY trade ideas
The Canadian Dollar/Japanese Yen symbol will move higher when itThe Canadian Dollar/Japanese Yen symbol will move higher when it hits the entry point OANDA:CADJPY
CADJPY BUY | Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity CADJPY
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Cadjpy Short Trade Setup CADJPY SELL cadjpy is looking for the bearish trend and 110.80 is looking good retest level and we can add our short position here
if we talk about the weekly trend then weekly trend will be go down with strong Candlestick formation
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
CADJPY WEEKLY FORECASTMoving down to the 1 Hour timeframe, we see price has begun moving into the Kumo and to the far right, we see the Kumo has begun pointing down but it is still green which leads me to believe that price is still Bullish but Retracing.
CADJPY WEEKLY FORECASTMoving down to the Daily timeframe, with the Ichimoku overlay, we see price is retracing but I have shaded the Buy Stops that are resting above the past weeks' highs.
ICHIMOKU WEATHER REPORT: Weekly Forecast.I forecast CADJPY long this week. Using ICT Concepts, I think it probable that price will move lower initially, perhaps the first part of the week in order to fill fair value gaps that can be seen on the 15 minute timeframe.
CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
CADJPY NEUT-price is floating withing the TL
-no clear direction
-would be interested in shorts at the UTL
-weary of longs as if it reaches purple zone ill question strength of bulls
CADJPYThe cross between the Canadian Dollar and the Japanese Yen is seen as a strong substitute for the USD/JPY pair when a trader is wary of trading the US Dollar. However, CAD/JPY is historically more sensitive to changes in market-wide sentiment than USD/JPY due to the historically higher yield attached to the Canadian Dollar. Further, the 'Loonie' - as the Canadian Dollar is known - is affected by oil prices because of Canada's energy exports.
CADJPY - back to basicsKeep it simple, back to basics.... whatever you want to call it, this chart is saying everything we need to know. A series of LH and LL or a break of structure - either way the message is clear.
You can go short right away, or on break of trendline or the s/r zone - depends on your trading style/risk tolerance.
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CADJPY potential drop This weekly hit will also confirm this trend and would likely go down after its 3rd hit. With everything that’s happening on the lower time frames such as the daily and 4 hour I would say it is likely to drop back down between the 106 and 107 level
This isn’t financial advice
Potential low CADJPYThe cadjpy has finally started its potential long term bearish move after finally breaking the 110.900 level which is crucial. It then came back to the same level not being able to break it and potentially coming back down back to the 110.210 level which will most likely break and hit the nest leave which is 109.700.
Fundamentally, I believe that the poor CAD news could have been the reason for this however it could have also been the strength of jpy coming back after being in a slump and to potentially raise interest rates.
This isn’t financial advice
cadjpy time for big long*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.
CLEAR BUYS ON CADJPYAs we can see CADJPY took support from well respected trendline and is breaking resistance so what we should anticipate is the continuation to the upside.
once we see some sort of bullish confirmation we can look for buying opportunities.
Target - 111.596
CADJPY:🟢Is it bullish...?!🟢(Details on caption)
As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG.
Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci.
💡Wait for the update!
🗓️01/03/2024
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CAD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
It makes sense for us to go long on CAD/JPY right now from the support line below with the target of 111.101 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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CADJPY ANALYSIS The uptrend of CADJPY has been break. They are chances of the market to change the direction to downtrend.
CADJPY possible Sell I like how we have had a good impulse downwards, this shows we have a good sell coming up
CADJPYCADJPY is trading in Bearish trend after breaking its last HL with no divergence at Bottom secondly at 0.618 fib Resistance AND At horizontal resistance and making LH
place Short with risk defined above Last Lower high
