At the end of this month, the Canadian Yen will target new resistances, as mentioned in the Pivot indicator, which gives supports, resistances, and the Pivot axis.
If my analysis is correct, we have a potential of another wonderful trade on our hands. The R:R (when position sizing correctly) will be a whopping 73:1! Details below: SLO2 @ 112.26 ⏳ SSO1 @ 111.05 ⏳ (set after SLO triggers & is green) TP1 @ 106.201 TP2 @ 101.063 TP3 @ 97.697 🔑 ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP...
Other JPY pairs have commenced a downward trend, indicating a potential for CADJPY to follow suit.
Slightly missed actual entry. Trade continuation entry. Risk:Reward ratio of 1:1.3
Price is now at the bottom of the 4h KC and bullish trendline. It seems there will some momentum upwards according to RSI
CADJPY in advancing phase reversed trend to declining phase. Now trading in bearish trend with EP, SL and TP 1 & 2.
Hey Traders, in today's trading session we are monitoring CADJPY for a buying opportunity around 112.300 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 112.300 support and resistance area. Trade safe, Joe.
Hi Realistic Traders, let's delve into the technical analysis of FX:CADJPY CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body...
how did you do the analysis CADJPY 1- general trenline - up trend 2- zone support 3- technical indicator
Hey Traders, Getting the best and optimal price for entry is always important to those making money. That is because when you enter a position, you want to get the best price. Just the same as buying or selling anything, like a car or house. Watch for a runover and my Short bias.
My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 111.37 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 111.92 About Used Indicators: By the very nature of the supertrend...
Hello,Friends! CAD/JPY pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 111.053 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
📈 CAD/JPY Review 📉 CAD/JPY saw a notable rise last week, reaching the previous week's high before encountering resistance, forming a compelling setup in lower time frames. 🚀📉 Target levels are clearly outlined on the chart, with focus shifting towards last week's low. 🎯 Overall, a promising opportunity seems to be brewing in the CAD/JPY pair. Keep a close eye for...
On an hourly timeframe, CADJPY printed a series of Higher Highs and Higher Lows. Using Fib Retracement tool, an Entry Price along with Stop Loss and Take Profit levels are suggested
ID has printed a 1h sell signal. Price just rejected off 4h supply zone. Should be a solid short from this price.
in my analysis it is clear that there is a fake out in the resistance area and has the potential to drop to take liquidity below, buyers will be caught in a trap in this trade
The CAD/JPY pair is exhibiting strong bullish signals within a defined range from 109.8 to 112.26, indicating potential for profitable trading opportunities. With a careful analysis of the market dynamics, a strategic trade plan has been formulated to capitalize on this upward momentum. Entry Point: Identified at 110.27, this entry point aligns with the bullish...
Looking at the chart of CADJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️