CADJPY is currently descending from the lower high area of the channel on the 4-hour timeframe chart. Additionally, there's a breakout on a minor bullish channel observed in the 1-hour timeframe. 📉 Expectations: Anticipate the pair to re-test key support levels, as highlighted in the attached chart. 📊 Trading Strategy: This trade is a long-term position,...
The market has breached below the support overlap, signaling a potential reversal towards the take-profit level. To take advantage of the increasing selling pressure, it is advisable to initiate a sell position at 106.996, aligning with the resistance overlap. Recognize the support level at 105.413 as a point for a potential pullback. Caution is advised when...
CAD/JPY is on an uptrend and could continue rising to the multi-swing-high resistance level Entry: 106.449 Why we like it: There is a pullback support level Stop Loss: 106.201 Why we like it: There is an overlap support that aligns closely with the 61.8% Fibonacci retracement level Take Profit: 108.134 Why we like it: There is a multi-swing-high resistance...
If you missed the chance to capitalize on the sell limit at 110.36 aligned with the Weekly Chart's Shark Pattern on CADJPY, amounting to a 306-pip move (~3,060 USD/lot), don't dwell on the past. Now, there's a fresh opportunity presenting itself on the 1-hourly chart – a Bearish Shark Pattern gearing up to complete around 108.01. To optimize this trading chance,...
Hello everyone. i want share my idea about CADJPY. We have some interesting forex pair at the chart. JPY was pretty bearish long time but what we see now we have some bullish moves at JPY index after big bearish move. for that i decide to try short most pairs versus JPY. At the pair with technique analysis we have some trend change moves, price action broke some...
Hi TradingView community! Here's a quick take on CADJPY: My Elliott Wave analysis indicates a buy opportunity. It seems CADJPY has finished its corrective phase and is entering a new bullish impulse wave. I'm thinking of a long position, targeting the previous impulse wave's peak. This aligns with the Elliott Wave principle that the new wave often retraces beyond...
CADJPY get rejected from the resistance zone. Let me know what you think!
CAD-JPY has almost reached The supply cluster of the Falling and horizontal levels So a move down is to be Expected towards the Target of 0.8728 !
Daily chart CADJPY is in a correction period. The main trend is still in an uptrend. It can be seen that the price tested the strong support zone 2 times at the level of 104.32, but the price was unable to break through. As long as the price can stay above 104.32, there is a chance that the price will test the 110.36 resistance level, consider buying. >>Thank you...
The CADJPY pair has been trading within a Fibonacci Channel Up since the March 2020 market bottom. The recent rejection on the 1.5 Fibonacci level back to the 0.5 show it test and hold an important Support, the 1W MA50 (blue trend-line), which has only broken once in 3 years (since November 2020) and that was during last year's inflation crisis. As long as it...
Price is rising to the buy entry at 107.282, an overlap resistance and could breakout and continue rising to the take profit level. Buy entry is at 107.282 which is an overlap resistance level. Stop loss is at 106.649 which is a level that sits below the pull back support. Take profit is at 108.174 which is an overlap resistance level. High Risk Investment...
We are in a good area to enter into purchases in this pair, we can enter the market in areas close to 107.075📈📈 success to all, visit my profile in Spanish to see the other operations✅ 😄📲 good ratio
My dear subscribers, This is my opinion on the CADJPY next move: The instrument tests an important psychological level 108.03 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 106.99 About Used Indicators: On the subsequent day,...
CADJPY reached a key horizontal resistance. The price nicely reacted to that, forming a double top formation on a 4h time frame and breaking a support line of an expanding wedge pattern. I anticipate a retracement at least to 106.45 ❤️Please, support my work with like, thank you!❤️
Hello TradingView community! I'm excited to share my latest Elliott Wave analysis on CADJPY, which is showing a promising buy signal. As someone who regularly applies Elliott Wave theory in my trading strategy, I've been closely monitoring CADJPY and have some interesting insights. From my detailed analysis, it's apparent that CADJPY has completed its corrective...
Preferred direction: SELL Comment: After the publication of US CPI data, the American currency began to strengthen. Against this background, as we previously assumed, we should expect another upward movement towards the resistance level 1.36545. We need to consider two scenarios. The most likely one is number 1 (scenario 1) . The CPI is a very...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 106.436 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 105.726 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
Hello Traders! This is my perspective for CADJPY H1. Taking into consideration that JPY Basket is now very strong, I expect a bearish move until the price of 106.500. Below we have a strong resistance level at the price of 106.200 with aproximations. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I...