First short position, targeting a price of 160.00. My thorough analysis of the market signals a high likelihood of the exchange rate reaching this level in the near future. However, as the price approaches 160.00, I anticipate a temporary bounce upwards, driven by minor fluctuations and profit-taking from other traders. This rebound will be crucial as it presents...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
Hi Traders👋🏻 On The Daily Time Frame The CADJPY Price Reached A Resistance Level (107.400-107.812) and 61.8 fibonacci retracement level ! Currently, The Price Formed a Double Top Pattern📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 104.950🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
CADJPY headed higher after pullback? Let's see if price pulls back from resistance into target entry point?
CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance TA on the high timeframe: 1) 109-104 range is forming. False break of 104 sends price to 109 2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area TA on the...
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...
The CADJPY long bullish idea is supported by two key technical indicators: DOW breakout and bullish divergence. DOW Breakout: The CADJPY currency pair has experienced a breakout based on the DOW theory, which suggests that price movements in one market can influence price movements in another market. A breakout in the DOW can potentially impact the CADJPY pair,...
CADJPY 2023 YEARLY STRUCTURE OHLC (SELL SETUP) 🔻🔻🔻🔻 Please support this idea with LIKE, FOLLOW & SHARE if you find it useful. FX:CADJPY CADJPY 2023 yearly structure shows the Open, High, Low, and Close (OHLC) prices. The current high opening suggests a compelling sell setup for CADJPY throughout 2023. Notably, there is a bearish divergence in the Monthly...
FX:CADJPY Technical Analysis. CADJPY trading just below 50% Fib Zone of current structure which looks like a formation of double bottom (W). Technically, price should retest 50% Fib Zone then drop just below 0%. From here, we can anticipate a bullish retracement to the upside beyond 110.00.
📈 CADJPY Bullish Bat Pattern 📈 Exciting opportunity on CADJPY! 🦅 A Bullish Bat Pattern is forming within the buy zone. 📊 Conservative traders target 106.79, while adventurous traders set their own targets. Remember to manage risk and stay informed. Follow @raynlim for more trading insights. Happy trading! 🚀
CADJPY has been in an uptrend for the majority of 2023. We have witnessed recently a pullback creating a new higher low at around 104.50 . In my opinion, the trend remains bullish and we should see a continuation to the upside in the near future.
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...
Here is my analysis for CADJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders! ‼️ This is my perspective on CADJPY. Technical analysis: Here we are in a bullish market structure based on higher timeframe, so I am looking for longs. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block. Like, comment and subscribe to be in touch with my content!
On The Daily Time Frame, The CADJPY Reached a Strong Support Level The Price Failed to Create new Lower Low ! So, I Expect a Bullish Move📈 ----------- TARGET 1: 107.400🎯 TARGET 2: 108.550🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
This should be self explanatory. The Loonie should also benefit - including for the long run! - from the global re-centralization toward NAFTA.