FX:CADJPY
Over the course of this week, CADJPY has demonstrated a consistent uptrend. However, there is a possibility of a pullback, which might lead to a retest of the 23.6 level before the upward trend continues. To take advantage of this market movement, we will closely monitor the trendline and wait for a bounce to retest our sell entry.
Alternative...
Balance of buyers and sellers on the CADJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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HELLO TRADERS !!
As I can see this pair is now tested a strong support zone which is a very low risk entry for longs.
CADJPY is still going to move more higher than predicted level on weekly based timeframe friends it's just a trade idea share Ur thoughts with us it helps many other traders.
Stay Tuned for more updates!
As we can see that Evening start pattern has been formed at the resistance trendline with the confluence of resistance in CADJPY on Daily timeframe so it is a high probability swing trade.
Target - 109
Hello,Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 110.959.
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As mentioned yesterday, the pair is posed to move lower, and likely we may see 110.80 area.
For now, stochastic negative. and we broke GANN support, hence we are en rou8te south.
Strategy SELL @ 111.78-111.90 and place SL above 112.27, or keep yesterday strategy in tact. Profit order @ 111.07.
CAD/JPY Short
Minimum entry requirements:
• 1H impulse down below most recent low.
• If 3 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
The pair had strong run-up and now I feel we may be slightly over done. GANN support @ 111.55 area.
I suspect movement back towards early 110.00s.
Strategy SELL current @ 112.10-112.30 and place SL above 112.90 and take profit @ 110.67.
Dear Traders,
There is a good possibility that we can expect short term selling opportunity on CADJPY; saw some bullish exhaustion and price dropped created change of character. Though the price has risen up sharply to previous high, we still expect price to reject from the area around previous high. With 60 pips stop loss the setup idea look reasonable to take...
Dear Traders,
Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march.
Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300...
CADJPY / 1D
Hello traders, welcome back to another market breakdown.
CADJPY has made a large leg down, which might result in a second leg down. The price is back to a Major key Level. I'm looking for a reversal pattern here.
Trade safely,
Trader Leo.
Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys.
Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss.
How it is played is I will be splitting my normal risk between the two...
