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CADJPY trade ideas

✨ CADJPY: ITF CURVE ANALYSIS (10H) ✨ (DOWNTREND)If my analysis is correct, we have a potential of another wonderful trade on our hands. The R:R (when position sizing correctly) will be a whopping 73:1! Details below: SLO2 @ 112.26 ⏳ SSO1 @ 111.05 ⏳ (set after SLO triggers & is green) TP1 @ 106.201 TP2 @ 101.063 TP3 @ 97.697 🔑 ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
CADJPY: Riding the Bullish Wave Towards New HighsHi Realistic Traders, let's delve into the technical analysis of FX:CADJPY CADJPY is currently trading above the EMA90 line, indicating a robust bullish trend . The formation of a symmetrical triangle pattern further supports this trend continuation. On March 28, 2024, the price broke out of the symmetrical triangle pattern with a bullish full-body candlestick , affirming the bullish sentiment. Subsequently, an inside bar pattern emerged, and the recent breakout above its high suggests a potential upward movement toward the first target area. A retracement to the previous resistance zone is anticipated after reaching the first target, followed by a potential push toward a new high or the second target. It is essential to note that the analysis will no longer hold validity once the target/support area is reached. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on CADJPY." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
8
CADJPY The Target Is UP! BUY! My dear subscribers, My technical analysis for CADJPY is below: The price is coiling around a solid key level - 111.37 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 111.92 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Week 1 Dow Theory: Idea 3The CAD/JPY pair is exhibiting strong bullish signals within a defined range from 109.8 to 112.26, indicating potential for profitable trading opportunities. With a careful analysis of the market dynamics, a strategic trade plan has been formulated to capitalize on this upward momentum. Entry Point: Identified at 110.27, this entry point aligns with the bullish sentiment observed in the chart, signaling an opportune moment to initiate a long position. Stop Loss: Positioned at 109.96, the stop loss is strategically placed to mitigate potential losses in the event of an unexpected reversal in the market. Take Profit Levels: TP1: Set at 111.4514, this target represents a calculated point where partial profit can be secured, maintaining a Risk Reward ratio of 1%. TP2: Positioned at 112.6328, this target allows for further profit maximization, maintaining a Risk Reward ratio of 2%. Lot Size Calculation: Based on a trading capital of $10,000, a lot size of 0.13 has been determined, ensuring optimal risk management and capital preservation.
Long
by nilambano3
CADJPY Triangle break-out buyThe CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) : Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of January - February. So far the fractals appear to be quite identical as following a +3.34%, the price pulled-back to the 0.382 Fibonacci retracement level, which is at the moment holding. As long as it continues to do so, we expect a bullish break-out similar to February's towards the -0.382 Fib extension, hence our Target is 113.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CAD/JPY - Anticipating Downside Breakout from Key Support AreaOverview: CAD/JPY has exhibited a significant pattern formation, indicating a potential shift in market sentiment. The XABCD Gartley harmonic pattern has materialized, with a notable rejection occurring at point D, coinciding with the critical level of 112.000. This rejection aligns harmoniously with the 4-hour Bearish Trendline, reinforcing the significance of this resistance zone. Analysis: The current price action finds itself positioned at a pivotal juncture, hovering around a key support area. This confluence of technical factors suggests a heightened probability of a downside breakout from the support zone. As such, prudent traders are advised to anticipate a continuation of the bearish momentum. Trade Recommendation: - Entry: Optimal entry presents itself upon a re-test of the price near 111.500, offering an opportune moment to enter short positions. - Stop Loss: To mitigate potential losses, a stop loss is advised at 112.000, safeguarding against adverse market movements. - Take Profit Targets: Targeting downside objectives, the first take profit level is set at 111.070, followed by a secondary target at 110.620. Conclusion: In conclusion, the technical outlook for CAD/JPY suggests a favorable opportunity for bearish positioning, supported by the convergence of the XABCD Gartley pattern and the 4-hour Bearish Trendline. Traders are encouraged to exercise disciplined risk management and adhere to the specified trade parameters to capitalize on the anticipated downside breakout. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
Short
by trading_jupiter