The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally. As a result, we see a strong short term buy opportunity to target...
in channel structure we cantry short position. entry is 109.25 stop at %0.40 up. my final target is bottom of the channel.
For those seeking a counter-trend trading opportunity, CADJPY may present an intriguing prospect. On the weekly chart, a Bearish Shark Pattern checkback is in play. For those desiring a more precise entry, waiting for the Gartley Pattern confirmation on the daily chart could provide a strategic shorting opportunity. I'm eager to know your trade plans for CADJPY....
#CADJPY Buy Idea .........................................................
Looks like another rejection, could be a HL, but expecting a continuation of the retracements from here now that minor support is broken.
💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary...
CADJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea ?
📉 CADJPY: Navigating the Elliott Wave Landscape for Short Trade Opportunities 🌊 Embark on a journey through the ever-shifting tides of CADJPY. Our compass? Elliott Wave Analysis, a powerful tool revealing the intricacies of market movements. We'll decipher complex wave patterns, pinpoint critical resistance levels, and delve into advanced trading strategies...
Yellow: Open Position Red: Stop Loss Green: Take Profit I am not responsible for your loss! Thanks for visiting. Happy Trading!
CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up. The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern. A break out followed with the price hitting at least the previous High (Resistance A). Buy...
Preferred direction: BUY Comment: Short-term purchase of the US dollar is also considered for the USDCAD currency pair. Here the intraday potential is even more promising. A recovery is expected in an area that was support not long ago. Thus, an increase to 1.37000 is expected and even the targets are considered a little higher. Thank you for like and share...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
CADJPY: Bearish – “Black Swan” detected. 50% Fibonacci target. To Watch: EMA.50 and EMA.200. Bolliger and Ichimoku levels.
CAD Bearish continuation is expected between the pair next week when the market opens. A pullback to 109.90 might come it to play before the next leg down. Fundamental : Canadian economy is on track to enter technical recession. Thanks for reading my analysis. Comment below if you think we will see downside between the pair. Disclaimer: This analysis is only...
Preferred direction: BUY Comment: The Canadian is also being viewed towards the US dollar. Here we are currently observing a downward impulse, which has hit the local limit level. On non-farm the situation can change significantly and even with the same force the price will most likely recover again. Thank you for like and share your views!
Hey Traders, in today's trading session we are monitoring CADJPY for a selling opportunity around 109.500 zone, CADJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 109.500 support and resistance area. Trade safe, Joe
Entry : 108.981 SL : 109.500 TP : 106.000 RRR : 1/5.7 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
H4 - Price bounced higher from a key support zone. Most recent downtrend line breakout. H1 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.