CADJPYCADJPY is in strong Bullish trend potentially printing HH and HL. Buyers are strongly Active. No sign of trend reversal here. We buy at CMP.Longby Naqash91221
CADJPY CUP AND HANDLE PATTERN Greetings, fellow traders, and welcome to our analysis! I trust your trading week is off to a splendid start. Today, our focus turns to CADJPY, where an intriguing Cup and Handle Pattern is forming on the daily chart. If you're eager to delve deeper into the world of Cup and Handle patterns, feel free to enhance your knowledge by clicking here: (). But be sure to return here for the rest of this analysis! Observing the price action, we spot a distinctive double bottom with a Low Cup at 104.247. At present, the price is positioned below the Breakout level at 110.624, and keen-eyed traders will note the ongoing development of the handle phase. When the awaited breakout materializes at 110.624, we'll spring into action and execute the trade, securing our stops just below the previous low pre-breakout. Our sights are set on the first target zone: 62% at 120.845 and 79% at 123.620. And that's not all – keep your trading antennas finely tuned, as additional setups may converge on smaller timeframes, further enriching our trading landscape. Remember, trading is an ever-evolving journey. Stay vigilant, stay informed, and, most importantly, stay tuned for more exciting developments in the world of trading. Happy trading, everyone! 📈📉🚀Longby TradeChartPatternsLikeTheProsUpdated 6638
CadJpy- Break of resistance and new highs are expectedAfter the dip and the double tap in 104 support back in December, CadJpy started to rise again and resumed its long-term bull trend. Now the pair is trading back to important 110 zone resistance and a break up seems imminent. The recent dive under 109 was quickly reversed, which also adds to my bullish perspective. In conclusion, as long as the recent low is not violated, I expect an up continuation and CadJpy could rise towards 115 in the medium term. For shorter term traders, 112 is also a good target with 1:2 risk:rewardLongby Mihai_IacobUpdated 225
SELL SELL without stop loss SELL without stop loss SELL without stop loss SELL without stop loss SELL without stop loss Shortby hsn_bahrami1030Updated 8
CADJPY Short Scalp IdeaI spotted a nice trade according to my usual rules. Here are some confluences that influenced the trade: 1. A recent close of a market maker model may indicate that large players might want to start taking profits from their positions, therefore this is a good confluence for a reversal. 2. I really like the fact that the target liquidity is a good distance away, giving the price a lot of room to fly. 3. A market structure shift may signal the beginning of a trend change. 4. There is a fair value gap that precedes the market structure shift, which shows just how strongly the price wants to reverse.Shortby UnknownUnicorn46588180Updated 223
sell limit cadjpysell limit cadjpy, levels on teh chart.imbalance, FVG, Discount zones and order blocks Shortby karamovski13140
cadjpy-Previous Day candle closed Bearish. If we are looking for buys we will take on until resistance formed on 14th nov 23 and TP 2 until 13 Nov 23. - If we are looking for sells we take on 01 feb 24 and TP 2 until 03 Nov 23 support. - Wait for 1 hour candle to close above or below zone. -We risk 3% of our capital. Close trades once price reverses to opposite direction and 1 hour candle closes below/above order Block.by Mbugua-KeUpdated 2
#CADJPY → Movement in the ascending channelIn time h4, it is moving in an upward channel, which is currently in the supply zone. If the area breaks upwards, it will be able to reach the ceiling of the channel, otherwise, if it faces a negative reaction, with a shorter ceiling, you can enter a sell position until the bottom of the ascending channel. ----------------- 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. Sincerely.by alikzeUpdated 4
Forecast: CAD/JPY Pair Poised for Bearish MovementDear Traders, I anticipate a bearish turn for the CAD/JPY pair this week, backed by thorough technical analysis. While I lean towards technical indicators, fundamental factors also support this outlook. My analysis suggests downward momentum for CAD/JPY, as various indicators point to a potential pullback from recent bullish trends. Stay vigilant and employ risk management strategies in your trading decisions.Shortby Lordemerson2
CAD/JPY BEST PLACE TO SELL FROM|SHORT Hello,Friends! CAD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 108.688 area. ✅LIKE AND COMMENT MY IDEAS✅ Shortby EliteTradingSignalsUpdated 225
✅CAD_JPY BEARISH BIAS|SHORT🔥 ✅CAD_JPY is already making A pullback from the Horizontal resistance of 110.374 And as we are locally bearish biased We will be expecting a Further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ Shortby ProSignalsFxUpdated 1111
CAD-JPY Local Short! Sell! Hello,Traders! CAD-JPY went up to Retest the horizontal Resistance level of 110.373 From where I think we Will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Shortby TopTradingSignalsUpdated 225
Pay close Attention how the algorithm books price on CADJPYThese are algorithmically calculated price points, it took tons of ICT study getting to this confidenceby beyangafxinc0
CADJPYCADJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH. What you guys think of this idea?by JustTradeSignals9
CADJPY short move Price is to rise toward our bearish order block of 110.201 a pullback resistance that aligns with the 38.2% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 109.062. If price breaks above the pivot, it could rise to 1st resistance at 110.396, a swing-high resistance level Shortby OCBE-FX3
CADJPY the idea of a short For over two weeks of closely monitoring high market purchases, it is evident that the price struggles to breach the support level. This suggests that a limit seller may be taking a short position. Considering the current price position, entering into a position now may offer favorable risk-to-reward conditions. The strategy involves securing the position and trailing the stop-loss behind points 2 and 4. The target allocation is as follows: 25% at point 1, 25% at point 3, 50% at point 5. This allows for a balanced approach to risk management and maximizing potential profit. Under these conditions, we can confidently move forward, effectively managing risks and capitalizing on the opportunities presented by the market.Shortby Darvas_UA113
CADJPY SHORT RANGING TRADE Expecting a SHORT-ranging trade, currently observing market consolidation around daily resistance. Planning to establish support and resistance areas on the daily chart. Additionally, found a double top pattern on the 1-hour chart with a neckline break; considering a trade on the retest. Entry 110.12 Targets 109.72, 109.55 109.28 and 109.01Shortby UKTRADERS212
CADJPY: Pullback From Key Structure 🇨🇦🇯🇵 CADJPY may drop from a key daily horizontal resistance. The price formed a double top on that and violated its neckline. Goals: 109.86 / 109.6 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader117
CADJPYPrice has found resistance and rejecting so we can hope to see price trend down.Shortby RicoTrades_1
CADJPY Will Go Down!CAD-JPY retested the Broken rising support line And is now making a pullback So I think that it will go Even further down !Shortby kacim_elloittUpdated 117
CAD.JPYYou can see from the Canadian dollar to Japanese yen currency pair in the weekly time frame that the price is in an important resistance area. If we see price resistance this week, we will have the possibility of strengthening the yen, and the target is at least 500 pips and the loss limit. It should be above the last climb.Shortby JBKONLINETRADING2
CADJPY: Consolidation Continues 🇨🇦🇯🇵 📉CADJPY is currently in a phase of consolidation, moving within a sideways trading range. The price is currently attempting to break through the upper boundary of the range, but I anticipate a reversal from that level. My target levels for the market are 109.69 and 109.10. ..Trade safely 👍✅Shortby linofx13315
CADJPY Scalp ShortI see a nice short opportunity on CADJPY. Took the previous day high, and then a market structure shift to signify the start of a downtrend.Shortby UnknownUnicorn46588180Updated 0