Dear Traders,
Likewise our GBPJPY idea we also expect the similar movement on CADJPY, due to JPY recent bullish price correction, price of JPY pairs dropped heavily, however, the good thing is price rebounding from a vital key level which may be a turning point that buyers were looking for. Please note, today there is bank holidays in the uk and japan.
The current selling zone for the CAD/JPY pair is at 113.553. It's a critical point where traders are eyeing potential opportunities to sell the Canadian dollar against the Japanese yen. The strategy outlined here suggests multiple take-profit levels: 113.036, 112.636, and 112.130, indicating incremental profit-taking as the price moves downwards. This approach...
CAD/JPY LONG idea
After taking GBP/JPY and EUR/JPY Long Trades which im currently up over +200Pips on Gj and +100Pips on EJ I'm seeing a good opportunity on CAD/JPY Long İdea
Hello TradingView Family / Fellow Traders,
CADJPY is currently approaching a massive supply zone marked in red.
📉 For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed.
Meanwhile, CADJPY would be bullish short-term and can still trade higher.
📚 Always follow your trading plan...
CADJPY price is near the resistance zone. 114.577-144.865 If the price cannot break through the 114.865 level, it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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CADJPY 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 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
CADJPY is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
The price is moving under the resistance level, which coincides with the 38.2% retracement level of the last bullish momentum.
We expect the growth to continue.
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Share your opinion in the comments and support the idea with...
Type of order: market sell order.
right now
With a small stoploss and a beautiful take profit.
Be carefull, because the trend is bullish. We want the correction
thanks and blessings.
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could reverse from this level to our take profit.
Entry: 114.72
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci projection.
Stop loss: 115.84
Why we like it:
There is a pullback resistance level...
The recent price action on the CADJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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Hello,Friends!
We are going short on the CAD/JPY with the target of 112.379 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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The current selling zone for the CAD/JPY currency pair is at 112.643. This indicates a strategic opportunity to capitalize on potential market movements. Setting take profit levels at 111.562, 111.053, and 110.500 allows for staggered exits, maximizing potential gains while mitigating risk. Meanwhile, placing a stop loss at 113.019 serves as a safeguard against...
Here is our detailed technical review for CADJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 112.872.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 109.055 level.
P.S
We...
"There is a good selling opportunity for the CADJPY Please secure the deal after a forty-pip movement, meaning adjusting the stop-loss to the entry point."
CAD/JPY is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 113.794
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 114.879
Why we like it:
There is a pullback resistance...
