Cadjpy-Bullish continuation patterns
-price keeps on rejecting on the W neckline on previous lows creating higher highs
-overall this whole pattern says buy and h4 says buy hard
CADJPY trade ideas
CAD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
The BB upper band is nearby so CAD-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 102.154.
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CAD/JPY Trade Setup 1 hour timeframe On the 1 hour timeframe CAD JPY has formed a Head and Shoulders reversal pattern.
The price is currently at the right shoulder which is our entry level, we need to wait for candlesticks confirmation from this level before taking our sell. ⏰
Note: This pattern was formed in a Daily resistance level.
CADJPYI believe that price could continue bullish here on CADJPY, all timeframes in sync and looks like it could soon break above the zone and then use the round number 109.000, the zone, and the EMA for support to go higher.
CADJPY - Look for a long !!Hello traders!
‼️ This is my perspective on CADJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + level 108.000.
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WHATS FLOWING: CADJPY ( LONG - 4H ) [SWING]Today, CADJPY is showing bullish momentum on the 4H chart, driven by recent market dynamics and key economic releases. The pair has gained 3.40% over the last 30 days, signaling continued upside potential as the Canadian dollar strengthens against the Japanese Yen. (Forex Factory)(FXEmpire).
As we progress through the day, keep an eye on any short-term pullbacks as buying opportunities, as there’s still room for further gains. The ongoing economic outlook favors the Canadian dollar, especially as oil prices and economic growth indicators in Canada remain supportive.
Stay tuned for more insights on how to capitalize on this bullish setup!
WHATS FLOWING: CADJPY [EASY] CHARTOANDA:CADJPY
On the 15-minute chart, CADJPY is displaying strong bullish flow, making this a straightforward trade setup. The upward momentum signals clear buy-side pressure, providing an opportunity for short-term gains.
For a simple and effective breakdown of this trade, check out the full video, where I walk through the key levels and why this trade works in today’s market conditions.
WHATS FLOWING: CADJPY (1m) [EASY]On the 1-minute chart, CADJPY is displaying strong bullish flow, making this a straightforward trade setup. The upward momentum signals clear buy-side pressure, providing an opportunity for short-term gains.
For a simple and effective breakdown of this trade, check out the full video, where I walk through the key levels and why this trade works in today’s market conditions.
CADJPY-SELL strategy 6-hourly chart Heikin AshiThe pair is under pressure and it has moved from the resistance 109.40 area.
There is a chance we move toward 106.50 again short-term. The stoch and SMI are negative, and since USDJPY will likely move towards 144.50 area, this cross will move in tandem as well.
Strategy SELL @ 108.60-108.90 and take profit near 106.87. SL based on personal preferences.
BUY CADJPY - trade idea explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Potential bullish bounce?CAD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1sst resistance level which is a pullback resistance.
Pivot: 108.03
1st Support: 106.91
1st Resistance: 109.68
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cadjpycadjpy made a fake breakout in the 4-hour rising trend channel. It has now re-entered the channel. It will pull back to the lower support of the channel.
CADJPY View!!In addition, there is the global economy to worry about and the signals from oil and other commodities are poor. Brent and WTI today settled at the lowest since 2021, iron ore has plunged lately and copper is back to 4/lb.
Finally, the yen carry trade isn't showing any signs of recovery after the battering in August. If anything, the growth-sensitive trades are flagging the risk of another leg lower.
CADJPY: More Growth is ComingI noticed another breakout today:
CADJPY has surpassed a significant horizontal resistance and closed above it, suggesting the possibility of continued bullish momentum.
The next resistance level to monitor is at 111.05.
CADJPY: Range Breakout & Level Breakout1. 1W: Bullish candle
2. 1D: Range breakout to upside
3. 1D: 50 SMA uptrend continuation
4. 1D: Level breakout and retest
5. 4H: 50,100,200 SMA uptrend
6. 4H: Level breakout and retest
Strategy: In 4H, currently retesting; upon upside candle stick (e.g., engulfing), enter LONG trade.
CADJPY: More Growth is ComingHere is one more breakout that I spotted today:
CADJPY broke through an important horizontal resistance and closed above it, indicating potential for further bullish movement.
The next resistance level to watch for is at 111.05.
CADJPY for buy.We can see a double bottom In a major support zone.preice already broke out of the zone, wait for retest and long to next resistance zone.
CAD/JPY Poised for Further Gains After Bullish Flag BreakoutCAD/JPY Poised for Further Gains After Bullish Flag Breakout
On Friday, CAD/JPY broke out from a bullish flag pattern, signaling potential for further upward movement.
This pattern, known for indicating trend continuation, appears robust and suggests that CAD/JPY may continue to rise.
The bullish momentum is further supported by the positive movement in USD/JPY, driven by the latest Non-Farm Payroll (NFP) data released on Friday.
CAD/JPY is expected to maintain its upward movement throughout the week.
Key resistance levels to watch are 110.60 and 111.85, which could be easily reached if the current momentum persists.
Thank you and Good Luck!
CADJPY continue its BULLISH TREND.making HHs n HLs
.making continuation of FLAG PATTERN
.TRENDLINE also performing well
.carry projection of flag pattern
CadJpy Trade IdeaCJ with the clean range between 108.8 and 104.350. Another pair to end the week breaking above the range possibly giving us opportunities to go long on the pair for the new week. Before executing on the pair I would need to see price pullback and retest 108.8 to confirm longs for the week. If price happens to break back below 108.140 with smaller time frames shifting structure then shorts would come into play here. Patience is gonna pay here.
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Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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CAD/JPY Bullish Breakout: Potential Buy OpportunitiesThe CAD/JPY 4-hour chart shows a strong bullish movement after completing a Bullish Gartley harmonic pattern. The support zone around point D, acted as a significant reversal point. Now, the price has broken through a descending resistance line, indicating a potential continuation of the bullish trend in the short term. Positive momentum and a favorable technical setup are present, supported by the TDIGMA oscillator moving into overbought territory, confirming strong upward momentum.
1. Buy on Retest of the Broken Trendline
After breaking the descending trendline, the price may retest this line as support, presenting a buying opportunity on a pullback. This strategy targets the continuation of the bullish movement.
Entry: Buy between 108.20 - 108.40 on the retest of the broken trendline.
Stop Loss: 108.105 (below the recent consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: The strong uptrend and breakout from resistance make this pullback buy strategy highly probable.
2. Buy on Continuation After Consolidation
If the price continues to rise without retesting the broken trendline, wait for a consolidation phase and look for a buying opportunity once the upward trend pauses, aiming for a continuation of the bullish move.
Entry: Buy around 109.505 after a consolidation phase.
Stop Loss: 108.105 (below the consolidation zone).
Risk-Reward Ratio: 1:1
Rationale: A continuation buy strategy can be effective, but it’s crucial to watch for clear signs of a pause in the movement before entering.
Final Notes
CAD/JPY is showing clear bullish signals after breaking a descending trendline. The strategy to buy on the retest of the broken line offers a high probability of success. Alternatively, buying after a consolidation phase provides another viable strategy with a solid risk-reward ratio. Monitoring price action and confirmation signals on lower timeframes is essential for adjusting entries in real-time.
