CADJPY trade ideas
CADJPY SELL IDEAThe market is currently showing a Daily Divergence on the RSI plus a BOS to the downside which showns a change on trend to the downside. Will keep an eye on this pair should this anticipation happen.
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CAD/JPY H1 | Falling to overlap supportCAD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 118.34 which is an overlap support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 118.07 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 118.84 which is a pullback resistance.
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CADJPY Strong sell opportunity at the top of the Channel UpThe CADJPY pair gave us an excellent buy signal last time we looked at it (May 30, see chart below) that easily hit our 116.500 Target:
Now it is flashing the opposite, a strong sell signal right after a Higher High (top trend-line) rejection on the 7-month Channel Up pattern. Ahead of a 1D MACD Bearish Cross, the opportunity becomes even more obvious.
Every Bearish Leg hit at least the 1D MA50 (blue trend-line) before making a Higher Low, so our Target is set at 115.500, which is an optimal level towards the final week of July.
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CADJPY Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for CADJPY below:
The instrument tests an important psychological level 114.06
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 114.90
Recommended Stop Loss - 113.49
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
CADJPY Possible Long Position BBMA OA Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
#CADJPY: 800+ Pips Possibly The Next Big Movement to OccurDear 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.
CADJPY: Important Breakout & Bullish Continuation 🇨🇦🇯🇵
CADJPY broke and closed above the resistance level
based on the year's high.
It indicates the strength of the buyers and a high chance
of a further bullish trend continuation.
I think that the pair will reach 119.0 level soon.
❤️Please, support my work with like, thank you!❤️
Intraday Trend Analysis - CADJPY, GBPUSD & AUDUSDToday, we're analysing CADJPY, GBPUSD, and AUDUSD.
Key Note: Price is the leading indicator and reflects trader perception. We use price structures/wave structures to determine high probability price directions in the short, medium, and long term.
CADJPY:
Bullish trend continuation after a structural reversal.
Look to buy after every pullback above 117.50.
GBPUSD:
Intraday downtrend.
Strong momentum high yesterday.
Sharp rejection during the New York session.
Expect price to trade below 1.2620 after a correction.
AUDUSD:
Strong downtrend.
Directional bearish wave structure.
Look for a correction to break above wave structure 4 before shorting.
High probability of a new momentum low below today's current low.
CADJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Red Color Lines) in 4H and look for possible again (if possible ) in the same direction again
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA ReEntry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course