We have a very good setup on CADJPY with lower TF confirmations. Tight Stop loss will give you 66 Risk to Reward ratio. All my analysis can be wrong so do your own research and analysis before investing.
#cadjpy
Market Observations: CAD/JPY has demonstrated a sustained bullish trend. However, the monthly timeframe indicates the pair is overextended. Furthermore, a double top pattern on the 1D chart suggests a potential retracement to the 50-61.8% Fibonacci levels. This zone could provide the necessary liquidity for major market players to accumulate long positions.
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #CADJPY.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
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All Strategies Are Good; If Managed Properly!
~Rich
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 110.313 which is a pullback resistance that aligns close to the 61.8% Fibonacci projection level.
Stop loss is at 111.150 which is a level that sits above the 100.0% Fibonacci projection level and the swing-high resistance.
Take profit is...
CADJPY is rising to a pullback resistance, from there it could potentially reverse to the take profit level.
Sell entry is at 110.300 which is a pullback resistance.
Stop loss is at 111.084 which is a swing-high resistance.
Take profit is at 109.117 which an overlap support that aligns with 23.6% Fibonacci retracement and 78.6% Projection level.
High Risk...
CADJPY is on a downtrend and falling to our buy entry level, it might breakout and drop further to the take profit level.
Sell entry is at 109.033 which is an overlap support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 110.188 which is a level that sits above the multi-swing-high resistance.
Take profit is at 108.008 which is...
CAD/JPY is falling towards a pullback support and could potentially break under this level to drop lower.
Sell entry is at 109.768 which is a potential breakout level.
Stop loss is at 110.370 which is a level that sits above a pullback resistance.
Take profit is between 108.953 and 109.15 which is a swing-low support that aligns close to the 61.8% Fibonacci...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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** CADJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CAD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 109.115 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 107.890 which is a level that sits under a pullback support.
Take profit is at 110.384 which is a pullback resistance.
High Risk...
As per the video idea price action is at a perfect place to sell, great risk reward. we've seen some lower highs and we are at a place now where it could sell off again.
CAD/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 109.025 which is a pullback resistance that aligns with the 61.8% Fibonacci projection level.
Stop loss is at 109.800 which is a level that sits above the 78.6% Fibonacci projection level and a pullback resistance.
Take profit is at...
CAD/JPY is rising towards a pullback resistance and could potentially break off this level to climb higher.
Buy entry is at 108.052 which is a potential breakout level.
Stop loss is at 107.150 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 109.025 which is a swing-high resistance that aligns with...
Price is rising to the buy entry at 107.282, an overlap resistance and could breakout and continue rising to the take profit level.
Buy entry is at 107.282 which is an overlap resistance level.
Stop loss is at 106.649 which is a level that sits below the pull back support.
Take profit is at 108.174 which is an overlap resistance level.
High Risk Investment...
Where To Focus Next Week 018-Dec-2023!
Forex Fundamental and Technical Analysis!
In this video, we will focus on the fundamental and
technical perspectives of the main forex pairs, DXY and US500.
You may watch the video for more details!
Thank you and Good Luck!
CADJPY: Learn Trading in a Simple Way
In today's analysis, I will show you a simple way to trade.
This is a combination of a multi-timeframe analysis with a structure analysis.
This gives you higher chances in the market
You can watch the video for further details!
Thank you!
Welcome back! Let me know your thoughts in the comments!
** CADJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
