✅CAD_JPY SWING SHORT🔥
✅CAD_JPY has been growing recently
And the pair seems locally overbought
So as the pair has approached a horizontal resistance of 110.514
Price fall is to be expected
SHORT🔥
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CADJPY
Strifor || USDCAD-09/20/2023Preferred direction: Neutral
Comment: The deal on the Canadian can be considered to have worked out completely; it is best to close the deal before the Fed meeting. If you leave it in operation, then be sure to move deal to break-even and partially close 70% of the total volume. In the near future, most likely the price will reach the level of 1.33347.
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Sell CADJPY Channel BreakoutSell CADJPY Channel Breakout
Price breaks the Channel Pattern now, its good chance to sell Now,
Thank you
CADJPY: Oil is moving the pair.Hello traders,
There is one entry and 2 TPs for this pair.
There is also an alternative short scenario which will be publish if it's goin to be valid.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
CADJPY - Waiting For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply. So we will be looking for sell setups on lower timeframes.
on H1: Right Chart
CADJPY formed a valid channel in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last high marked in gray.
In this case, we will expect a shift in momentum from bullish to bearish.
Meanwhile, until the sell is activated, CADJPY would be overall bullish and can still trade higher inside the resistance.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Strifor || USDCAD-09/18/2023Preferred direction: SELL
Comment: Another approach to the level of 1.35030 will lead to its breaking down and further updating of the lows. This level is also a mirror level. According to our scenario, the instrument will approach the level of 1.35500 before going down. You can consider sales from current ones with a small volume.
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#CADJPY- UPDATE OUR POV CHANGED!!We were bearish up until this week friday, though JPY showed massive rejection and failed to take control of the price, which indicates prices are expected to rise and stay bullish for now.
Let's wait for the market to show the move!!
CADJ - PRICE IS RE-TESTING DEMAND+SUPPORT ZONEPrice is now re-testing demand + support zone. Let's wait for BUY entry
CADJPY LONG - NEW HIGHS SOON!Waiting for a retest of 108.453 to long CADJPY back to swing highs at 109.518
If you agree drop a like and if you have any questions leave a comment :)
CADJPY - Watch For This Reversal! CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower.
On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C.
Trade Idea:
- Watch for lower timeframe reversal patterns or trendline breaks
- enter with stops above the aforementioned reversal pattern/trrendline break
- Targets: 107 (300pips), 104.3 (550pips)
Goodluck and as always, trade safe!
CADJPY Long Term SELLING Trading IdeaHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPY ____ INCOMING BEARISH MOVEHello Traders,
This pair has reacted from a monthly demand level and is trying to create a higher high there by hunting liquidity.
As you would notice, price is a few pips away from the weekly buyside liquidity which if it is hunted, a reaction is expected. Looking left, you will notice how price dropped strongly from that level.
My speculation is that price would take liquidity from there and use is as a form of retracement to the weekly order block.
Follow for more updates like this.
Cheers,
Jabari
CADJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
CADJPY Will Fall! Sell!
Please, check our technical outlook for CADJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 109.307.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 108.528 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADJPY Long Term SELLING Trading IdeaHello Traders
In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (CADJPY market update)
🟢What is The Next Opportunity on CADJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
CADJPY - Approaching A Strong Supply 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CADJPY has been overall bullish trading inside the rising channel in orange, however it is currently approaching around the upper trendline.
Moreover, the zone 109.0 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper orange trendline acting as a non-horizontal resistance.
As per my trading style:
As CADJPY approaches the orange circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
✅CAD_JPY SHORT FROM RESISTANCE🔥
✅CAD_JPY is going up now
But a strong resistance level is ahead at 109.500
Thus I am expecting a pullback
And a move down towards the target of 108.542
SHORT🔥
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cadjpy sella good short setup for CADJPY, there is a good chance for CADJPY to start a bearish trend from here
CADJPY High probability of returnDue to the slowing down of the upward movement, the probability of returning from the red zone is very high.
Oscillators confirm this idea to a large extent.
CADJPY – holding for 109.50 While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned with being short JPY, given BoJ intervention risk, for now, traders remain happy to fade JPY strength as carry is still attractive (given the low volatility). Also, with crude on the rise the market sees this benefiting Canada’s terms of trade, while it negatively impacts Japan’s economics given, they are a big importer of energy. The bulls happy to hold for 109.50, stops on a daily close below the 5-Day EMA.
How I was able to Flawlessly Capture CADJPY moves all WeekHere is an explanation of how I was able to trade CADJPY without breaking a sweat. It is not hard you just need the right tools. (...And the right guy *wink*)( Just kidding.) But yes, I plug in my indicator set up and go to work. Building my account for the week. This keeps me consistent, check it out.
CADJPY Completing the shark patternAfter the completion of the shark pattern, the price had a jump towards the rise and will probably complete the 5-0 pattern
CADJPY H4 I Potential Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 107.85, which is a pullback resistance.
Our take profit will be at 107.00, an overlap support level. The stop loss will be placed at 108.47, a swing-high resistance level.
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