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...
CADJPY is trading within a Channel Up since the March 24 bottom. The price action maintained this bullish formation as not only did it recently made a Higher Low but from July 12 to July 18 all 1D candles successfully closed above the 1D MA50 (blue trend-line), something common since April 27. As long as this is taking place, we will stay bullish, targeting...
CADJPY is testing the 1D MA50 in the form of support on bearish 1D technicals (RSI = 42.279, MACD = -0.050, ADX = 56.167). A 1D candle close under the 1D MA50 signifies a validation of selling extension as after the rejection on R1, the long term support of the HL trendline broke. We will sell this week's consolidation, which isn't just taking on the 1D MA50 but...
CADJPY reached the MA50 (1d) for the first time since May 4th. The pattern is a Channel Up and this correction since its top, still has room to go before bottoming. Trading Plan: 1. Sell on the current market price. 2. Buy at the bottom of the Channel Up and above the MA100 (1d) at 102.550. 3. Sell if the MA200 (1d) breaks. Targets: 1. 102.550 (bottom of the...
Hey Traders, in tomorrow's trading session we are monitoring CADJPY for a buying opportunity around 105.600 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 105.600 support and resistance zone. Trade safe, Joe.
Hi, This is what I expect CADJPY to be doing once price manages to achieve into the entry range you see on the chart. If you want to set-up your trade like me to achieve 1,57 risk to reward ratio follow my ladder order calculation you see to the left of current price. "Amount" acts as % in this example. Always calculate your risk: Avg. Entry:...
CADJPY held again the 4hour MA50, which has been providing rebounds for the 1 month Channel Up with breaking since June 1st. Buy as long as the price stays over it and target the September 13th High (Resistance A) at 110.600. Sell if it breaks under the MA50 and target the 4hour MA100. The 4hour RSI is holding its Rising Support. An additional pivot level to...
Bullish pennant flag pattern building here. - Recent strong bullish movements - Indicators showing signs of further bullish movement - In line with the overall trend - Looking for a break of the resistance level around 109.30
Hey Traders! 👋 For Day 28/100 of our challenge, we will look at CADJPY for upside potential this week/month Technicals: - Stuck in bullish range 104.8-103.6 - Mostly a fundamental-driven trade - Engage in longs only when support above 104.8 is formed Fundamentals: - BoC surprise hike; regains status as hawkish CB - BoJ meeting this week not expecting any shift...
CADJPY hit today the top of the HH trendline that started the Channel Up at the start of the year. 1D is naturally on firm green level technically (RSI = 64.634, MACD = 1.030, ADX = 45.677) but the RSI has been trading on a flat Rectangle since May 18th. It is the same pattern that led to the February 18th High. Our trigger level to sell is the crossing under the...
Hey Traders, Check this analysis on CADJPY out. There are two possibilities that could play out, and the broken resistance will be the judge of that. A rebound from the the retest of the resistance means bullish trend and a break below followed by a simple retest means a harp sell off continuation. Watch out.
Hey Traders, Check this trade analysis out on CADJPY. A possible bullish run can be look for at any area of breakout of the symmetrical triangle. Watch out.
The CAD/JPY currency pair has been exhibiting sustained growth across various timeframes due to its significant correlation with USD/JPY. Notably, the USD/JPY pair has been experiencing a robust bullish trend, exerting downward pressure on the JPY and creating favorable conditions for the CAD to appreciate. A recent development of note is the price breakout of the...
- Ascending triangle; looking for breakout above resistance level 102.95 - In line with overall bullish trend - Strong rejection at support zones - Indicators showing potential for bullish movement
CADJPY is trading in a bullish trend on a daily. The price has formed an ascending triangle formation respecting 101.8 resistance. I believe that the next trend-following movement will initiate after a bullish breakout of the underlined blue area. Daily candle close above will confirm a violation. A bullish continuation will be expected to 103.0 level then. ...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for CADJPY. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
CSDJPY is on the rising Channel of its medium term Channel Up, rebounding on the 1D MA50. The 1D technicals are neutral (RSI = 53.031, MACD = 0.270, ADX = 28.072) and that always favors technically the dominant trend. So as long as the price is inside the rising Channel, our target will be the 1D MA200 (TP = 101.350). If a candle closes under the rising Channel...