Get started

Cadjpyforecast

CADJPY: Bullish Momentum vs. Overextension Risk!🚀 CADJPY Analysis 🚀 CADJPY is in a strong bullish trend on the 4H chart, with momentum still pushing higher. However, I’m noticing signs that the pair might be overextended 📈. While there could be a bit more upside, both the weekly and daily timeframes show price pushing into previous highs, which often leads to a retrace back to equilibrium ⚖️. 🔍 Key Levels: I’m watching the Fibonacci 61.8% retracement for a potential pullback, with the 50% level also marked as a key equilibrium zone. I’m not looking to go long at these elevated prices—prefer to wait for a healthy retrace for a more optimal entry 🎯. 💡 Macro Consideration: We also took a look at the NASDAQ 🧑‍💻, since tech stocks can impact the JPY as flows move between risk assets and safe havens. With a lower high forming on the NASDAQ, risk sentiment could shift, impacting CADJPY as well. 🗓️ It’s Monday—let’s trade cautiously and wait for the best setups! Patience pays. Not financial advice.
Long
by fxtraderanthony
CADJPY I Long Opportunity to Middle of the ChannelWelcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
3
CADJPY Technical Analysis and Trade Idea 👉🔍 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 trade short opportunity targeting the previous lows, as described in the video. It's important to note that these observations are speculative and not a definitive forecast. Confirming specific price movements is crucial before considering any buying or selling decisions, as elaborated in the video. The video provides a comprehensive analysis of the current trend, market structure, and price dynamics. Remember, this educational content is designed to enhance understanding and does not guarantee outcomes. Trading inherently involves substantial risks, so employing robust risk management techniques is essential. 📈🔔
Short
by fxtraderanthony
CAD/JPY Technical Analysis and Trade IdeaMarket Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions. Trade Strategy: Short Entry: Consider a counter-trend short entry at the current price level with a stop above the highs. 1:1 RR. Buy Entry: Target a buy entry near the 61.8% Fibonacci retracement level to capitalize on potential long positions initiated by larger institutions. SL at the lows and targets as mentioned in the video. Disclaimer: This analysis reflects my personal perspective and should not be misconstrued as financial advice. Always conduct your own thorough research and assess your risk tolerance before entering any trades.
by fxtraderanthony
CADJPY I Potential long following CAD Rate NewsWelcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
4
CADJPY I Potential bearish trend continuation Welcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
4
CADJPY Analysis and Trade IdeaCADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short. If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure. I wait, patiently, for confirmations. No confirmations, no trade. NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
Short
by RT_Money
4
CADJPY: multi-time frame analysisHi Traders, This is my view on this pair for the next days #CADJPY Wait for the price to reach 89.7 area to look for a trigger. SL 90.21 TP 85.1 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading