Pair Name : CAD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal...
OANDA:CADJPY on the background of global weakening of the yen forms a pre-breakdown setup against 112.26. The currency pair is preparing to strengthen. On D1 the general trend is obvious. Buyers are not going to give up and continue to press the strong limit resistance at 112.26, formed by sellers. The trend is bullish and it may continue. Fundamentally, the...
After a nice bearish candle we should see price come down from the level
Trader Tom, an investing.com analyst explains his CADJPY BUY trade in detail using a top down approach, check it out
As we enter the last 2 trading days of the trading week, I am looking at the GBP/USD pair which we have been trading for the past 3 days, we also have a very nice setup on the USD/CAD, EUR/USD and lastly the CAD/JPY.
OANDA:CADJPY The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
💹 Let's dive into another forex currency pair for trading analysis. 🔍 The Japanese yen (JPY) continues to weaken against other major currencies such as EUR, USD, and GBP, including the Canadian dollar (CAD), losing its value. 🕰️ In the weekly timeframe, if the current candle closes similarly, we observe strong buying pressure, with last week's two red engulfing...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CADJPY pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
CADJPY chart is in bullish trend with a clear divergence which indicates toward trend reversal. Further double chart is also confirming trend reversal. So we can take entry at break of neckline .
We have these indicators for SELL opportunity: - Low volume to continue the current direction - Reflection from the Inner trend line - Return/re-test to Year + 6M + 3M area (min. for TP1) - Stong support line – zone with ATH We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips * * * There could be one more opportunity for scalping in a top of...
I've been patiently waiting for the price to break out of this highest resistance zone. Now, the structure is much clearer than before with just sideways movement. My plan is to go long when the price retraces or pulls back into the resistance zone that has been broken out. Yes, it's an RBS Zone. Breakout, Pullback, and Entry? Are you on board with this...
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . CADJPY long ! Great BUY opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bullish with Breakout of Structure (BoS) and impulsive move strengthening, lacking inducement 🟢 POI OB: Unmitigated 🟢 Traps: False Breakout observed at the start of the move 2️⃣ Pattern 🟢 CHART PATTERNS: Continuation pattern with a completed flag targeting a possible retracement 🟢 CANDLE PATTERNS: Record...
Hello traders! Let's revisit the CADJPY chart and provide an update since I shared the idea on August 17. It's time to clarify things. Our focus is on CADJPY, where an interesting Cup and Handle Pattern is taking shape on the daily chart. For a more in-depth understanding of Cup and Handle patterns, you can check out additional resources here:...
This is a quick update on the CAD/JPY. I mentioned this in the Weekly analysis I did yesterday. Apologies for the sound.
Pair : CADJPY Position : LONG ( BUY ) Entry 1 : 114.175 STOP LOSS @ 113.765 TP 1 @ 114.575 TP 2 @ 114.975 TP 3 @ open ( Trailing SL )
My dear subscribers, This is my opinion on the CADJPY next move: The instrument tests an important psychological level 112.77 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 112.16 About Used Indicators: On the subsequent day,...
Following a month of trading within a horizontal range, CADJPY recently broke above its resistance level and closed higher. The previous resistance has now become a strong support level. I anticipate further upward movement in CADJPY, with targets set at 113.00 and 113.51.