Hello traders, we want to check the CADJPY chart. The price is moving in a downward trend and has pulled back to the specified key level. We expect this breakout level to act as a support level and cause the price to fall further. We will have a price drop of 106,900 and 106,300. Good luck.
Since price made the first leg downwards, we had a retracement of more than 50% at fib levels, which makes grade opportunity to short. Watch for rejection First TP the structure below, Second TP after securing some profits at a level below at the order block.
Sell-offs eyed into in the money longs from three days lof longs in the market.
CADJPY - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Long CADJPY Entry Level - 107.845 Stop Loss - 107.383 Take Profit - 108.530 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
✅CAD_JPY is going up now And the pair broke the key Horizontal level of 107.400 So I think that we will see A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
CADJPY / 1D Hello Traders, welcome back to another market breakdown. CADJPY has been trading inside a large range, the price is back where the range was at. I'll be watching if bulls can take the highs again or bears take it from here down. Both plans I'm willing to play are on the chart. Trade safely, Trader Leo
First short position, targeting a price of 160.00. My thorough analysis of the market signals a high likelihood of the exchange rate reaching this level in the near future. However, as the price approaches 160.00, I anticipate a temporary bounce upwards, driven by minor fluctuations and profit-taking from other traders. This rebound will be crucial as it presents...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
Hi Traders👋🏻 On The Daily Time Frame The CADJPY Price Reached A Resistance Level (107.400-107.812) and 61.8 fibonacci retracement level ! Currently, The Price Formed a Double Top Pattern📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 104.950🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
CADJPY headed higher after pullback? Let's see if price pulls back from resistance into target entry point?
CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance TA on the high timeframe: 1) 109-104 range is forming. False break of 104 sends price to 109 2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area TA on the...
I have marked 3possible scenario Trade setups are all bullish if we break through the oivot,then I will buy immediately. This is the last pivot and cad seems to break it Scenario 2 if we dont break the pivot and cad falls back to the previous pivot,i will buy the pull back etc. I also have marked the potential risk rewar ratio See the chart above Dont: No...
The CADJPY long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence. DOW Breakout: The CADJPY currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the CADJPY pair,...
CADJPY 2023 YEARLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻 Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. FX:CADJPY CADJPY 2023 yearly structure shows the Open, High, Low, and Close (OHLC) prices. The current high opening suggests a compelling sell setup for CADJPY throughout 2023. Notably, there is a bearish divergence in the Monthly...
FX:CADJPY Technical Analysis. CADJPY trading just below 50% Fib Zone of current structure which looks like a formation of double bottom (W). Technically, price should retest 50% Fib Zone then drop just below 0%. From here, we can anticipate a bullish retracement to the upside beyond 110.00.
📈 CADJPY Bullish Bat Pattern 📈 Exciting opportunity on CADJPY! 🦅 A Bullish Bat Pattern is forming within the buy zone. 📊 Conservative traders target 106.79, while adventurous traders set their own targets. Remember to manage risk and stay informed. Follow @raynlim for more trading insights. Happy trading! 🚀