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Cadjpylong

CADJPY : Current Situation & Technical , Fundamental View#CADJPY - CADJPY is currently selling after a STRUCTURE BREAK because the current MARKET SENTIMENT is NEUTRAL. Somehow, JPY is becoming somewhat STRONG. Similarly, the YEILD given by the BOJ to JP10Y increased, making the JPY STRONG. - The reason for that is because the Central Bank of Japan did not intervene in the long term to strengthen the JPY, they are strengthening the JPY in other ways without raising the rate. Meanwhile, the price of OIL has gone down a bit, so the CAD has become very weak in the last few days. Anyway, as expected in the BOC RATE DECISION the other day, the RATE HIKE was done. - But somehow the CANADIAN CENTRAL BANK has become HAWKISH. Therefore, CADJPY should definitely be slightly UP until the 103.110 LEVEL. Before that, there is a very high possibility of selling to the 93.00 level. So FOLLOW STRUCTURES. If JPY becomes strong, it can sell at 93.01 level.
by benny_marshall
Buy CADJPY SW 130323 12.00📌📌Signal Buy CADJPY📌📌 Link : 📍📍Open order 97.680 Buy lim 1 96.850 Buy lim 2 95.900 Buy lim 3 95.150 Buy lim 4 94.300 Buy lim 5 93.500 Tp 101.800 Sl 92.600 Warning !!! (Swing trade must be use pending orders) !!!Pending orders should be set up lot size step by step Example (15,000$) Open order 0.1 lot Sell lim 1 0.15 lot Sell lim 2 0.20 lot Sell lim 3 0.25 lot Sell lim 4 0.30 lot Sell lim 5 0. 40 lot Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot Example (3,000$) Open order 0.04 lot Sell lim 1 0.05 lot Sell lim 2 0.06 lot Sell lim 3 0.07 lot Sell lim 4 0.08 lot Sell lim 5 0.10 lot Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot !!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Long
by Maximus_Provider
CADJPY Sell Setup - Post BOJ dataHe Traders, The CADJPY broke below the key demand zone, early London session yesterday, then made a retest back to zone (that could have a given a quick sniper entry for traders that checked this and saw it early. However, i decided to wait for a more cleaner entry - meaning i am expecting a better retest (mitigation) of the previous support area then now using it as a resistance. Now, the price is heading toward that zone, which also confluence with 50% Fibonacci level and 21-period EMA. A limit order can be place at this zone and target the demand / OB below. Always apply risk management
Short
by Adefxc
Plausible Bullish doubt on CAD/JPYI an able to spot a good trade opportunity on CADJPY, but at the moment, the direction is not very clear, since the pair has been ranging since Monday Open. I keep wating for a nice Trend to join at the top pr bottom. A break above the supply zone would mean Buy for me while a break below the demand zone would mean sell. Both entry will be taken in 15Min TF and i have to see a divergence to support the entry of the trade. You can watchout for either
by Adefxc
2
Feb 24 CADJPY Short-term bear before LONG PositionMTF Analysis Monthly TF had a big push up from tapping the 38.2 Monthly Fib retracement. On a weekly TF, this retracement bounce on a Monthly 38.2 Fib is a bull run. This weekly TF bull run has run out right at the previous month's high, previous week's high, and prev day's high -- which was the best entry point had i done Wyckoff analysis earlier Anyway, since price has ran out of gas on this weekly bull run, it's actually about to break the weekly/daily trendline it's been bouncing off of. My bias is that price will retrace from a Weekly TF perspective to the 38.2 weekly fib level which also perfectly aligns with the previous week's low & an H4 imbalance/inefficiency. Fundamentals to support my bias. JPY had a good inflation YoY rate this morning. CAD had some wobly numbers from yesterday's economic updates.
Long
by RSC_FX