CADJPY HITS TP 1I dropped this analysis on December 12th, 2024. Take Profit 1 achieved as predicted. Will Price Get To The renegotiation Resistance for take profit 2? lets watch as it plays out!
Trading System (PRORARP) is power!
CADJPY trade ideas
Continuation of uptrend to the Supply zoneAs we can see the market was in a downtrend before forming double bottom. Change of Character occurred and the price gave us a new Higher high and Support, which was tested 3 times
This means we might have buyers on the support that might push the price up again(continuing the uptrend to the Supply zone), H1 for candle confirmation of buyers.
CAD/JPY - 1hr ( Sell IntraDay Target Range 100 PIP )Analysis of CAD/JPY on the 1-Hour Chart: A Bearish Perspective
The CAD/JPY currency pair presents a compelling case for bearish sentiment, particularly when analyzed through the lens of the 4-hour chart. This analysis focuses on a significant breakout level, identified at 109.800, which serves as a crucial pivot point for traders operating within a large-scale framework.
Upon reaching the 109.800 level, the market exhibited a notable bearish breakout, characterized by a surge in trading volume. This high volume serves as a confirmation of the breakout's validity, suggesting a strong consensus among market participants regarding the potential for further downward movement. The implications of this breakout are profound, as it signals a shift in market sentiment, favoring sellers over buyers.
☑Bearish After Break Out key level + High Volume / 109.800 Point
Bearish Target 75 : 150 PIP
🛡 Break Out Done
POSSIBLE SELL OPPORTUNITY ON CADJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
CADJPY: Bullish Forecast & Bullish Scenario
The analysis of the CADJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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CADJPY short bearish push expecting
OANDA:CADJPY short bearish push expecting here, analysis is based on DESCENDING TRIANGLE
SUP zone: 110.100
RES zone: 109.000, 108.800
CadJpy Trade IdeaCJ was in a clean range before deciding to break to the upside where I was looking to get into longs. With price coming back down below the high and smaller time frames shifting we could expect price to retest the shift of structure and a level or resistance sitting at the previous high. If all goes well I'll be looking to get into some shorts with a 1:3rr. We'll see what happens.
CADJPY Long1)Trend defined. 4h Uprend.
2)Contradictory limit order entry. Just at the upper extreme of the previous resistance zone.
3)Default loss. A bit lower than the zone.
4)Default target level. 5.04.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
CADJPY BUY IDEAOANDA:CADJPY Overall bias on CADJPY is bullish, looking for a 1H and/or a 4H bullish engulfing candlestick at the Weekly Area of Interest (AOI) to go long on CADJPY
CADJPY_1D_SellCanadian dollar to Japanese yen exchange rate analysis Medium and long term time Elliott wave analysis style The market is forming a large ABC correction pattern that can be at the ceiling of wave B and enter a falling wave as wave C by maintaining the resistance of 110,000. First support ahead 108.250 The final support and target number is 105,000
CAD/JPY 4-Hour Timeframe AnalysisCAD/JPY 4-Hour Timeframe Analysis
Trend Analysis:
On the 4-hour chart, CAD/JPY is in a clear uptrend, breaking through previous minor resistance at 108.600, which has now become a major key support level. This is supported by the formation of a 4-bottom pattern, indicating increased buyer pressure. The price has tested this support level multiple times, signaling stronger support and the potential for a reversal to the upside. After breaking the resistance at 109.800, the price moved upward, but then began consolidating as large buyer orders were accumulated, suggesting a potential breakout.
Price Action Expectation:
Our objective is to wait for the price to form liquidity within the identified liquidity zone. If the price breaks above the minor resistance again, confirming continuation, we’ll enter a buy position. A break above 110.020 will signal further bullish momentum, and we will look for an opportunity to buy.
Fundamental Correlation:
CAD Unemployment Rate: Tomorrow’s Canadian Unemployment Rate is scheduled for release, with the previous data at 6.8% and the forecast at 6.9%.
Impact on CAD: If the data comes in worse than expected (e.g., a higher unemployment rate), this could weaken the CAD, potentially delaying the bullish setup or causing a retracement in the price.
Conversely, A stronger-than-expected result (below the forecast of 6.9%) could lead to CAD strength, reinforcing the bullish outlook for CAD/JPY. A lower unemployment rate signals a strong labor market, which could push the CAD higher as traders price in potential economic growth.
Trade Setup:
Trade Type: Buy Stop (Breakout Trade)
Entry: 110.020 (on confirmation of a break above resistance)
Stop Loss: 109.470 (below the support zone to allow for pullbacks)
Take Profit: 111.420 (next significant resistance level)
Conclusion:
CAD/JPY is showing strong bullish momentum after breaking the key resistance at 109.800. The current setup suggests that once liquidity is established and the price breaks above 110.020, there could be a continuation to the upside. The next target is 111.420, a significant resistance level. The upcoming CAD Unemployment Rate release is critical; if the data comes in stronger than expected, it could accelerate the bullish momentum, supporting our setup. However, a disappointing result could weaken the CAD and halt the upward movement.
Risk Management:
Maintain a disciplined approach with a 1:2 risk-to-reward ratio. Position sizes should align with your account equity. Monitor the CAD Unemployment Rate release and adjust your trade accordingly. It's crucial to be aware of any volatility following the data release, which could impact price movements.
Cad/Jpy Sell IdeaCadjpy is in a downtrend on the day chart with the long term trend.
You can see its under the 200 area...
Then we had a pullback to the 786...
So now i expect a long swing down.
Im trading with 3 small trades...
This idea is based upon a long term downtrend, and a fib retracement
good luck
CAD_JPY RISKY LONG|
✅CAD_JPY is trading in an
Uptrend and the pair is now
Consolidating above the
Horizontal support level
Of 109.900 so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
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CAD-JPY Will Go UP! Buy!
Hello,Traders!
CAD-JPY is trading in an
Uptrend and the pair made a
Bullish breakout of the key
Horizontal level of 109.800
And we are now seeing a
Local correction but we
Are locally bullish biased
And we will be expecting
A further bullish move up
Buy!
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Check out other forecasts below too!
CadJpy Trade IdeaI sent out a CJ set up yesterday stating CJ being bearish and how I was personally looking for shorts even though longs were possible. With CJ failing to stay within the range for potential shorts I've decided to go long once price broke above the recent high with a retest leaving a solid bullish engulfing candle. Looking for a 1:3rr on this set up. The weekly is bullish breaking above the range while breaking bearish structures so we'll see if price can maintain above the range. We may even expect price to tap back into 111.470 if all goes well.
Upward movementCadYen may rebound towards the top, if price action manages to find support on 107,175 -107,000 barrier which is a crucial resistance turning into support. If the price pushes off and finds stability above this mark, nearby resistance barriers will be areas of interest in which the pair will target.
CADJPY: Bullish Momentum May Push CADJPY to 111.25CADJPY: Bullish Momentum May Push CADJPY to 111.25
In our previous analysis, CADJPY reached our first target. Despite the BOJ reporting an increase in CPI data and threatening Forex intervention, the market did not react significantly. Since then, CADJPY has increased by nearly 180 pips.
What's next?
You may watch the analysis for further details!
Thank you:)
CADJPY Expected to Rise as BOJ Doesn't Support JPYCADJPY Expected to Rise as BOJ Doesn't Support JPY
Yesterday, the Bank of Japan (BOJ) decided to keep the interest rate unchanged at its latest meeting, showing hesitation about future rate hikes. The market's initial reaction was to trade against the JPY, resulting in a devaluation of at least +200 pips across most of its pairs.
Japan's core inflation accelerated in November due to rising food and fuel costs, which is putting pressure on the central bank to raise interest rates. However, this is only speculation, and no decision has been made.
Given the BOJ's stance, CADJPY may rise further from the current zone.
You may find more details in the chart!
Thank you and Good Luck!
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CADJPY: More Growth is Coming?!📈CADJPY had been trading in a sideways pattern for two weeks until a significant news release caused the pair to become more bullish.
On the 4-hour chart, the price successfully broke through and closed above a resistance level of the range.
This breakout suggests a potential uptrend, with the next support level expected at 111.02.
Liquidity Sweep on CAD/JPY WEEKLYPrevious Weekl Liquidity Sweep on CAD/JPY.
Expect price to come back into the zone at the 61% Fib level.
Sorry I was late posting the chart as I had identified the pattern earlier but was late posting.
