Canadian Dollar / Japanese Yen

CADJPY FXCM

AlkalineFX

I feel as if the huge impulsive move was just a hunt for liquidity on this bearish trend, now that we have got it out of the way, we should be able to continue smooth sailing to the downside.

TipTopForky

I’m double down with a second trade.

FXKing009

In my opinion this is still long.. The structure of price is yet to be broken and if you look at this properly you will see a higher high was created and a choppy retest is taking place.. TREND IS YOUR FRIEND

ForecastCity

Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (90.90). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADJPY is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...

Wicktator

For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...

jerrin98

Bearish Weekly candle closure Bearish corrective pattern Need to wait for a 4hr EMA crossover + retest at LTF

Wicktator

CADJPY has approached a really good area to look for shorts. We need things to line up on the lower timeframe before we jump into this trade. See chart below for lower timeframe. Goodluck and trade safe!

NasBaz

Potential order block entry at demand zone

rcjugg

Clearly respecting dynamic support Bullish market structure, higher highs and higher lows Wick rejection of 61.8 Fibonacci level, indicates potential impulsive move to upside Anticipating push towards Fib extension based target of 91.64, 1:5RR with 2% risk

lmforex

thoughts?

blvckcardscollector

I see news coming on negative on cad unemployment rate

BGTRADINGFX

price made support now....so we need to wait for this support broken join us below for setups with proper entries with TP and SL thanks

BGTRADINGFX

price rejecting nicely the zone...time coming for sell join us below to get entries with proper SL and TP thanks

Big-Pippin

sat at a huge weekly resistance ive gone short on the current price action

Bramley

Looking for break of support and then drop

Wicktator

CADJPY is in the perfect place to look for reasons to enter short. On the lower timeframe we can see that there's an ascending correction which is typically a reversal pattern. As it's in our high value area for reversal, we can gain an entry on the break of the ascending correction and hold that trade for a while! See chart update for lower timeframe and an...

KingWenz84

My idea for CADJPY Short Term Long - We are in a Bullish channel and we now see a Bull Flag within this channel on 1H. So I am long with TP at 90.70 & SL at 89.950. Midterm Short - This will then hit the upper side of a much larger channel seen on the 1D. I expect the bears to take over as the RSI on the W is 77 & 68 on the 1D. I have a Sell Limit at 90.6...

TRADESBYZION

Good Evening traders ! 🌙 Hope you having a good trading week, just like us !🤑 I'd like to start by inviting you all to follow our profile so you can follow our ideas more closely 👀 So here's my setup for CADJPY 💡 We are just waiting for the descending triangle to finish its pattern to enter our trade ! The pair tested twice our support ( yeallow line ), and...