Attention Traders! Here's an exciting trade setup for the CAD/JPY currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range : Enter the trade when the price is between 114.88 and 114.90 . Profit Targets: First Target: 117 . Set this as your initial...
👉🔍 In this video, we analyze CADJPY. It's evident that CADJPY has been showing bearish momentum recently. However, I anticipate a retracement as it has traded into a key support level. My strategy involves monitoring the 15-minute and 5-minute charts for signs of a retrace, sideways movement, and a potential bearish reversal. This could present a scalp or day...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
When a currency breaks outside the channel and then changes color, it signals a reversal in strength/trend. By waiting for this to happen to two currencies during the same candle, an entry signal is created (CAD=red, JPY=white) The current trend has not ended, however. Based on previous data, it looks like it will take 3-4 more candles for the CAD and JPY lines...
#EURCAD Update Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURCAD. EURCAD is making the rising wedge pattern. Already ready for breakout. After this breakout we can see drop upto 100Pips+ soon. Keep in touch we will update further soon.✍
CADJPY price is near the support zone. 113.559-113.216 If the price cannot break through the 113.216 level, it is expected that in the short term there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea! *Always follow your trading plan regarding entry, risk management
#GBPJPY UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPJPY. GBPJPY is making the rising wedge pattern. Already breakout done. In this move we can see drop upto price 199 that is a strong support level. After that we can see a good bounce. Keep in touch we will update further soon.
CAD/JPY is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 115.50 1st Support: 113.82 1st Resistance: 116.23 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
CAD/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 115.51 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 116.29 Why we like it: There is an overlap...
The red highlighted area at the top indicates a resistance zone where the price has repeatedly failed to break higher. This suggests strong selling pressure at this level. The recent price action shows a potential bearish trend. Given the repeated failure to break above the resistance zone and the projected downward movement, market sentiment appears bearish...
The CAD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Bearish Pennant Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Pattern After Confirmation. Ideally, This Would Be...
CAD/JPY is reacting off the support level which is a pullback support that lines up with the 127.2% Fibonacci extension and could bounce from this level to our take profit. Entry: 115.53 Why we like it: There is a pullback support that lines up with the 127.2% Fibonacci extension. Stop loss: 114.92 Why we like it: There is a pullback support that lines up with...
H4 - Bearish convergence Currently it looks like a pullback is happening. H1 - Bearish trend pattern followed by a pullback Until the strong resistance zone holds I expect the price to move lower further in the short term.
Hello, Friends! The BB lower band is nearby so CAD-JPY is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 117.504. ✅LIKE AND COMMENT MY IDEAS✅
My Dear Robbers / Traders, This is our master plan to Heist CADJPY Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the...
CAD/JPY has just bounced off the support level which is a pullback support that that aligns with the 127.2% Fibonacci retracement and could rise to our take profit. Entry: 115.51 Why we like it: There is a pullback support level which aligns with the 127.2% Fibonacci extension. Stop loss: 115.03 Why we like it: There is a pullback resistance resistance level...
Hello,Traders! CAD-JPY is going down Now but the pair is now Oversold so I will be Expecting a local rebound From the horizontal support Ahead at around 115.500 Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Please, check our technical outlook for CADJPY. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 115.742. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 116.299 level. P.S Overbought describes a period...