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.
CAD/JPY is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 114.77 1st Support: 113.03 1st Resistance: 115.88 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
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...
Looking for a sell opportunity in CJ. Reason to sell: forming double top in both 1H and 15 minute charts. Use proper risk management. Thank you
you can go long now or wait for break current Higher high of Lower time Frame (H1) and retest to go long @ Green Arrow or wait price to back to cover Fair Value Gap (yellow area) and go long after that - General Trend is Up Trend - JPY is Weak - Higher Time Frame will be H4 , lower timer Frame will be H1 or 15M - we saw Change of Character of the lower Timer...
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?
The CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to...
Study the market hard and be able to see the direction. Identify the patterns used to push the market to that direction
- Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level...
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:...
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.
Buy all Jappy Pairs basically What took 5 day to grind up got unwound in 1 Then back up in 1 Halfway there
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 😊 ❤️ Like and subscribe to never miss a new idea!
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 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. ------------------- Share your opinion in the comments and support the idea with...
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,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. ✅LIKE AND COMMENT MY IDEAS✅
CADJPY current trend is bullish as price printing higher highs and higher lows and we will try to ride the trend. Trade plan mentioned on the chart.