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. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: SELL Comment: For the USDCAD currency pair, scenario №1 is already active, but we also do not forget about scenario №2 since there is a possibility that the American currency will strengthen in the short term. It should be noted that the Canadian currency , as well as metals, now has one of the strongest bullish power, that is,...
CAD/JPY is is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 110.795 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 111.280 which is a level that sits above a pullback resistance and the 61.8% Fibonacci retracement level. Take profit is...
CADJPY / 1D Hello traders, welcome back to another market breakdown. CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here. Trade safely, Trader Leo.
💵Pair Name CAD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish...
Is CADJPY exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence, suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 108. What you guys think of it?
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 110.747 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 110.15 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at...
this is an update from yesterday CADJPY analysis, as yall can see price went in the predicted direction. I'm honestly expecting more sells but anything can happen. I'll keep yall updated. Please keep in mind these are not signals and I don't provide financial advice or sell anything, I just enjoy analysing my charts and being active in the market. Yall can use my...
My dear subscribers, This is my opinion on the CADJPY next move: The instrument tests an important psychological level 111.01 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 111.44 My Stop Loss - 110.73 About Used Indicators: On...
The CAD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Sell Entry: Consider entering a short position around the current price of 111.46, positioned close...
In this chart, we draw support & resistance lines and it clearly shows us it will bounce back from S1 and go upwards so we trigger buy limit at the entry price of S1 and SL is S3 and take profit is R1
In CADJPY chart we have several items that show us price can goes up and this is a good position for Long . all of things are clear on the chart . I will open a position at this area and will take a good profit in upper band of channel .
Pair : CADJPY ( Canadian Dollar / Japanese Yen ) Description : Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves RSI - Divergence
Please, check our technical outlook for CADJPY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 111.409. Taking into consideration the structure & trend analysis, I believe that the market will reach 110.837 level soon. P.S We determine...
Hey traders, Let's talk about CAD/JPY and the lucrative selling opportunities it presents amidst changing external liquidity conditions. With two significant liquidity takeouts, the market is signaling potential turbulence. It's a critical time to adapt your strategy and capitalize on selling opportunities. Utilizing the SIBI analysis: Strength: Evaluate the...
As of now, it may touch back the upper level a bit. then It will come back after touching a resistance which you can see on this 4 hour chart. If we talk about the weekly trend, then the weekly trend will also go down with strong formations and it includes strong candle formations. you Can sell it from 111.75-111.85 Area and you can use Stop loss 112.55 First...
Hello,Traders! CAD-JPY keeps going up So we are bullish biased And after the pair retests A rising support we will Be expecting a further Move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 111.000. Like, comment and subscribe to be in touch...