CADJPY-BUY strartegy 4-hourlyThe pair looks to move higher again towards GANN resistance 107.90 area. The stochastic is positive turning upwards. Strategy BUY @ 106.80-107.00 and place SL below @ 106.40 and place profit order near 107.88.Longby peterbokma1
CADJPY trade ideaCAPJPY formed a double and divergence in the potential reversal zone and a bearish trend is expected from this point.Shortby sumeedshaiq0
CADJPY_1DHello. Canadian dollar to Japanese yen exchange rate analysis Completion of 5 ascending waves and the possibility of formation of head and shoulder pattern of roof and formation of corrective ABC wave Important resistance 109.109 The target of wave C is in the range of 99,000Shortby Elliottwaveofficial1
Pending Waiting for my sell stop to activate, it's on my micro account so I'm risking a large amount I can live with loosing by Waves-FibUpdated 114
Shorting CADJPY with Weekly Chart Alignment & Intricate AnalysisIf 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, exercise patience and await candlestick confirmation before entering the trade. Are you eyeing this CADJPY setup? Share your thoughts below!Shortby RaynLimUpdated 112
CADJPY Analysis. Swing trade signal.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 support which is now resistance, after big fall price only had huge reaction at daily support but it didn't tested twice and with one touch which strong low came up, but price has reaction at Fibonacci 61.80 LVL, at this point it made some liquidity and if we look at lower timeframe we got some strong sellers. If we look at JPY index its look pretty bullish this index broke some resistances and with slow movement testing it where its getting rejection from buyers. For my trade i have some scenes where i am right and wrong. Scene 1 - in this scene price getting strong seller, its coming strong downside which brake daily support and test second time daily support at 104.5. Scene 2 - we don t have enough seller, for that market maker make fake brake out where it will take lot of stop orders and new sellers will drop price stronger. Scene 3 - price still going upside brake 4h resistance testing it and touch to my stop loss in this scene i am wrong. Always make your own research and manage your risk!!! Shortby elmakachoUpdated 4
Bearish Cypher Pattern Spotted on CAD/JPYIn the four-hour timeframe of the CAD/JPY chart, a bearish Cypher pattern has formed. This pattern is a relatively advanced harmonic pattern that can be used to identify potential trend reversals. The Cypher pattern is made up of five points, labeled X, A, B, C, and D. In this case: Point X is the starting point of the pattern. Point A is a retracement of XA between 38.2% and 61.8%. Point B is a projection of XA that extends 127.2% to 141.4%. Point C is a retracement of XC between 78.6% and 88.6%. Point D is the endpoint of the pattern. In the CAD/JPY chart, the Cypher pattern looks like this: Point X is at 106.374. Point A is at 108.258. Point B is at 107.219. Point C is at 108.278. Point D is at 106.853. As you can see, the Cypher pattern has all of the characteristics of a bearish pattern. The price has formed a double top at points B and C, and it has broken below the neckline of the double top at point D. This suggests that the price is likely to continue to fall in the short term. Trading the Cypher Pattern If you are looking to trade the Cypher pattern, there are a few things to keep in mind. First, the pattern is not always accurate. It is important to use other technical indicators to confirm the signal. Second, the pattern can take some time to play out. It is important to be patient and wait for the price to reach your target before entering a trade. Here are some specific trading ideas for the Cypher pattern on the CAD/JPY chart: Short entry: You could enter a short trade at point D, with a stop loss above point C. Your target could be at the 61.8% retracement of CD, which is at 106.214. Disclaimer Please note that this is not financial advice. I am not a financial advisor and you should always do your own research before making any investment decisions.Shortby stocktechbot0
$100k Challenge - CADJPY Short - E41 T1Hey everyone! We do have a new setup for the challenge! If we look at the daily chart, we can observe the market showed a bullish phase followed by a range phase, or distribution phase according to Wyckoff. In my opinion, this presents a great overall market condition for sell setups. Then, while checking out the H4 chart we noticed a double top formation, followed by a recent strong bearish rejection, effectively breaking the bullish trendline that formed in this time-frame. Because of those reasons, I decided to enter into a short position here. Regarding the trade management, I placed the stop loss about 1 ATR above the last high made on the double top formation, and the first take profit is located at the bottom of the daily range. As usual, the second target is open, as if the market ends up breaking the daily range we can be set for a nice bear ride. I hope you enjoyed this new trade idea! Remember to follow me so you can keep up with the challenge progress:D Shortby FernandoBorea443
Continue Short CAD/JPYThe price has retracted to previous support line, which works as pressure line now. In long term, it is still inside a down trend channel and the price has touched the down trend channel top line area. SlowStoch is in over bought level in 16 hours time frame. Try to open short orders and continue short JPY pairs in long term. It could start the third wave to South (the biggest wave in 5 waves)Shortby ChinaHelloWorld2
Short CAD/JPYIt looks the CAD/JPY or other Japan Pairs has divergence pattern shown up between real price movement and RSI. CAD/JPY was showing more clear divergency scenarios in daily time frame. There could be multiple Cypher Patterns generated in CAD/JPY. The price just touched a long term pressure level, and tried to break out to North, but now it is going back below the pressure line. Maybe try to open short order, and the most idea take profit position is in the long term support line area on Jan 08, 2024. Shortby ChinaHelloWorldUpdated 1128
Long CADJPY"I am currently in a long position on CAD/JPY due to the formation of a bullish harmonic pattern. After conducting a thorough analysis, I have identified a bullish harmonic pattern that indicates a high probability of an upward movement in price. By taking a long position, my objective is to capitalize on this potential price increase and maximize my trading profits. I will closely monitor the price action, market sentiment, and any relevant economic factors to effectively manage my position and make necessary adjustments as the trade progresses. As always, risk management is a key aspect of my trading strategy to protect my capital and achieve optimal returns."Longby JuanHernandez0
CADJPY In Bearish ReversalCADJPY is in bearish reversal as applied the XABCD pattern tool which indicates "D" as PRZ, which performed very well and made a reversal.Shortby MasoodAnsari2
CADJPY | Short setupCADJPY get rejected from the resistance zone. Let me know what you think!Shortby FX_Unlimited2
DeGRAM | CADJPY in descending channelCADJPY is trading in the descending channel . The market is in a consolidation zone. It keeps bouncing off the same resistance level. Price action is creating the pinbar at the channel border. Price is likely to reject the psychological level of 108.000 and go down. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM116
CADJPYCADJPY Buy at HL (also 0.5 FIB intact , trendline support intact ) SL , TP mention in chartLongby SignalEdgeUpdated 0
CADJPY Trade ideaCADJPY is forming a bearish Gartley pattern on 4h timeframe a trend reversal can be expected around the marked PRV and trade can be planned upon the confirmation of bearish trend. Shortby sumeedshaiq112
CADJPY Bearish Bias! 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 ! Shortby kacim_elloitt4
CJquestion via link in profile SMTs with GJ followed by booking higher Prices. I want to see if CJ could run that old high Longby UnknownUnicorn478345690
SELL CADJPYCADJPY . BUYING IDEA SWING TRADE USE SMALL LOT SIZE price @107.287 estimated tp 1 @108.016 (pips 75) estimated tp 2 @108.713 (pips 145) estimated tp 3 @109.574 (pips 230 ) stop loss @107.069 17 pips risk what you can afford to loose , but you may extend the sl up to maximum 50 is basing on your risking appetite. risk maximum 2% of your capital per trade Goodluck familyLongby EvarnickChaulaUpdated 222
CADJPYDaily 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 and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!Longby Serana23249
CADJPYAfter reaching the monthly supply area, the price has reacted to it. We expect a deep price correction and the formation of a downward trend. It is expected that after reaching the daily supply area, which is located in the heart of the weekly and monthly supply area, the price will react to it and start its downward trend.Shortby m0neyminer2