Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ) Type : Mid Term Swing ——————————— Bearish Reversal...
After a nice bearish candle we should see price come down from the level
30m link:https://www.tradingview.com/x/pWs9Aow2/ 👁 OUTLOOK FOREX: CADJPY 30m: CADJPY as well as other JPY pairs are currently in re-accumulation and have liquidated lows. I would like to see price start breaking bullish and get above the 10ema and 50ema to then start looking for longs on CADJPY. Bias: Bullish on CADJPY but needs to start breaking bullish on...
When we look at the chart we can see that the price is moving upwards and that we have a wedge forming. What I want to do now is trade here and see when we have another touch of the wedge that we than go long with a small trade with 2 take profit levels. I would advice to only risk 0.5% for this trade. Entry level could change because we don't know when the...
As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
OANDA:CADJPY The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
CADJPY chart is in bullish trend with a clear divergence which indicates toward trend reversal. Further double chart is also confirming trend reversal. So we can take entry at break of neckline .
BUY CADJPY for uptrend continuation STOP LOSS : 113.23 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CADJPY pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
We have these indicators for SELL opportunity: - Low volume to continue the current direction - Reflection from the Inner trend line - Return/re-test to Year + 6M + 3M area (min. for TP1) - Stong support line – zone with ATH We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips * * * There could be one more opportunity for scalping in a top of...
💹 Let's dive into another forex currency pair for trading analysis. 🔍 The Japanese yen (JPY) continues to weaken against other major currencies such as EUR, USD, and GBP, including the Canadian dollar (CAD), losing its value. 🕰️ In the weekly timeframe, if the current candle closes similarly, we observe strong buying pressure, with last week's two red engulfing...
I've been patiently waiting for the price to break out of this highest resistance zone. Now, the structure is much clearer than before with just sideways movement. My plan is to go long when the price retraces or pulls back into the resistance zone that has been broken out. Yes, it's an RBS Zone. Breakout, Pullback, and Entry? Are you on board with this...
Pair : CADJPY Position : LONG ( BUY ) Entry 1 : 114.175 STOP LOSS @ 113.765 TP 1 @ 114.575 TP 2 @ 114.975 TP 3 @ open ( Trailing SL )
😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement 🟢 POI OB: Unmitigated 🟢 Traps: False Breakout observed at the start of the move 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement 🟢 CANDLE PATTERNS: Record...
Hello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here:...
This is a quick update on the CAD/JPY. I mentioned this in the Weekly analysis I did yesterday. Apologies for the sound.
Hello Guys i am going for a sell on CAD/JPY, because price has taken out the BUY STOPS and to my observation price will be dropping soon.