JPYCAD trade ideas
CADJPY-ShortCADJPY is trending in a bearish trend and price is close to 0.618 fib so we will take a sell trade from here for TP of 101.85
"Know Thyself: The Ancient Greek Secret to Mastering the Markets "Know Thyself.’ This ancient Greek wisdom has echoed through time, and over the years in the markets, I’ve realized it holds the key to trading success. But most traders learn this lesson the hard way, often after years of frustration, losses, and self-doubt.
To become a successful trader, you must truly know yourself. The saying "know thyself," inscribed at the Temple of Apollo at Delphi, might seem distant from the world of modern finance, but it’s more relevant than ever.
The market is a mirror, reflecting who you are inside, and it has an uncanny ability to expose your deepest fears, negative emotions, and limiting beliefs.
We all have traits that hinder our success—whether it’s fear, greed, impatience, or overconfidence. But rather than addressing these inner challenges, many traders look for external solutions, never realizing that self-awareness is the real key to success.
In my years as a trader, I've come to understand that the most successful traders aren’t just experts in analyzing charts—they are experts in understanding themselves. They know their strengths and weaknesses and have the courage to face them directly.
They recognize their emotional triggers and have developed the discipline to manage them effectively.
Trading isn’t just about predicting market movements; it’s about understanding how you react under pressure, how fear can distort your decisions, and how greed can lead to costly mistakes.
The journey to becoming a successful trader is as much about mastering yourself as it is about mastering the market.
To truly master the markets, you must first master yourself. The market is a relentless feedback loop, constantly reflecting your inner state back at you, whether you realize it or not.
When a trade is going against you, losing money, and you’re feeling the surge of anger and frustration, the market is holding up a mirror. It’s not just about the loss—it’s reflecting something deeper about your emotional state and mental approach.
What are you seeing in that reflection? Is it impatience, fear, or a lack of preparation?
When you find yourself revenge trading after a losing position, what's really happening? The market is showing you your vulnerability—perhaps an unchecked ego or a desperate need to validate yourself.
It’s telling you what needs fixing, but only if you’re willing to stop and listen.
Consider those moments when you double or triple up on positions, trying to force the market to move in your favor. What’s being reflected back at you then? Is it overconfidence? Maybe it’s fear dressed up as boldness.
The market is giving you feedback—are you hearing it?
And what about when you abandon your rules, chasing the allure of a quick profit or avoiding the pain of a potential loss?
The market is exposing a deeper truth: a lack of discipline, or perhaps a failure to trust in your own system. It’s showing you exactly what you need to work on.
Even in the good times, when you’re in a winning position but close out too early, the market reflects back your fear of losing what you’ve gained, your inability to let go, or your craving for certainty.
Each of these reactions is a lesson in self-awareness.
This is why trading often appears deceptively simple at first glance—yet is incredibly difficult to master. The principles seem straightforward: buy low, sell high, manage your risk.
But the reality is that the market is not just a puzzle of price movements; it's a test of your inner world. It’s this challenge, this confrontation with your own psychology, that makes trading so demanding and why it takes years to truly master.
Most people are not prepared for this journey of self-discovery, which is why so few actually make it.
You might notice that many traders online focus almost exclusively on trade ideas and strategies, rarely discussing the inner battles that make or break a trader. This is because self-mastery is the hardest part of trading, and it’s often the least glamorous.
Yet, every successful trader I’ve met or read about shares one common trait: a deep understanding of themselves. When you listen to them, you’ll hear them talk about overcoming their own internal struggles as much as they discuss their market strategies.
This resonates deeply with my own experience; my biggest challenges have always come from within. But each time I’ve faced and overcome these inner obstacles, my trading has consistently improved.
The truth is, the market reflects all our worst fears and attributes, as well as our strengths. The secret to success is learning to listen and understand what it’s telling you about yourself.
Many traders fail because they’re unwilling to face these reflections. Instead of looking in the mirror and realizing the truth lies within, they blame the strategy, the market, the broker—anyone but themselves.
But true courage in trading, just as in life, comes from facing your demons head-on . The saying "Know Thyself" is not just a call for introspection—it’s a challenge.
The darkest hour is just before dawn , and it’s in those moments of greatest struggle that we’re given the opportunity to grow.
By understanding yourself—your fears, your weaknesses, your triggers—you gain the strength to conquer the market.
So next time you’re in a tough spot, remember the ancient wisdom: "Know Thyself." The market isn’t just a battlefield—it’s a mirror.
Master what you see in that reflection, and you’ll master the markets. True success in trading and in life comes not from conquering the market, but from conquering yourself.
Possible bullish cadjpy long termPrice action pushing to the next liquidity. Possible bullish move for cadjpy
CADJPYCAD as per cot commercials are at extreme high where non commercials are at the extreme low, mean CAD will switch gears towards upside, where as in JPY is the opposite scenario. so CAD JPY long is a idea from daily OB till 110.
CADJPY - Buy SetupCADJPY is printing HH's and HL's.
CAD Net Non Commercials starts to increase as per COT report.
JPY is at top as per COT RSI. Soon Non Commercials will start to decrease.
Potential Buy on the break of resistance.
Seasonality is Bullish from the mid of August.
CADJPY1.CADJPY is on an utrend, forming HHs and HLs.
2.The brice seems be reacting from H2 Order Blocks(Demand Zones).
3.We took a buy the moment an H2 Candle closed Bullish Off of the Bullish Order on H3 TF.
4.Buy CADJPY.
Cadjpy sell It's a new week after some consolidation and it's ready to follow the new trend after breaking from a bullish trend
It's a good week to have more profits. Let go
CADJPY TRADE SETUP
✔Pair Name: CADJPY
👍 Classic bullish formation
👍Our team expects pullback & go fly
SUGGESTED TRADE IDEA: Dear Traders Hope everyone is well. I will now talk about CADJPY . I can see here that CADJPY has completed the down trend and caught the up trend. I am expecting good buying momentum from the places I have identified. If your analysis matches with this then you can follow and share your opinion with me.
Pair Name: CADJPY
Entry - buy area zone 106.10-106.30
Sl - 105.65
Tp - 108.60
Our Risk - 1%
Start protection of your profits from lower levels
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LONG ON CADJPYPrice has taken sellside liquidity. Waiting for retracement then entry on lower 4hr fvg. Target is buyside liquidity.
CADJPY - In Bullish Trend CADJPY shifted towards its bullish trend. Its in bullish channel and strtated making HHs and HLs. I already mention Buy entry according to 4H timeframe.
According to seassional CADJPY will be bullish from mid August.
Hope For Best.
Happy Trading :)
CADJPY - Descending Triangle in an UptrendCADJPY is presenting a Triangle breakout opportunity with price consolidating on the leadup to news.
The Descending Triangle pattern is traditionally regarded as a bullish continuation pattern.
Some well-defined support/resistance levels could be used for first and second profit targets.
TMT Nicomedia Long For a LONG position, TMT Nicomedia provided a strong and reliable signal, and I opened my trade with a 1.75R ratio. These transactions were opened with the TMT Nicomedia strategy. The reason I am sharing these transactions is to see the success rates of the transactions later on.
Long trade
Mon 5th Aug 24
Buyside
proof read. Tokyo to NY Session
4.45 pm
Entry 104.300
Profit level 111.756 (7.15%)
Stop level 103.378 (0.88%)
RR 8.09
CAD/JPY For Bearish after finish its pull-backwait for finish pull-back and see price action and then go short
- general Trend is Down
- price try to make pull-back @ red arrow and when you see price action between area 50:61 fibo levels then go short
have fun :)
CADJPY - Bearish TrendCADJPY has been continuously in downtrend and on the 1 hour time frame this is retesting from a trend line, more over increasing of the interest rates by BOJ has made impact on JPY and it is in bullish trend so this is a double confluence trade.
CAD/JPY RIGHT NOW On CAD/JPY , it's nice to see a strong sell-off from the price of 104.460 and 107.270 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
CADJPY Will Go Higher! Buy!
Here is our detailed technical review for CADJPY.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 105.556.
Taking into consideration the structure & trend analysis, I believe that the market will reach 106.166 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADJPY - Structure Trading Using Previous Price CluesA technical look at the CADJPY & a potential buying opportunity coming off a wild week of news events in the market. In this video we take a look at how as traders we want to be "predictable in our analysis, yet, reactive in our execution" & how past price behaviors can provide us clues on what we can look for.
I hope you guys have a great weekend. Do me a favor & show some support by hitting that like button & if you have any questions or comments, please leave them below.
Akil
CAD-JPY Risky Long! Buy!
Hello,Traders!
CAD-JPY keeps falling and
The pair is massively oversold
So there is a chance that
After the retest of the support
Level below at 104.246 we
Will see a local bullish correction
Buy!
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Check out other forecasts below too!
CADJPY Analysis: Navigating Market Trends and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the CADJPY pair in the Forex market.
🗂 About the Pair: The CADJPY is a currency pair that represents the exchange rate between the Canadian Dollar (CAD) and the Japanese Yen (JPY). This pair is influenced by factors such as oil prices, which affect the Canadian economy, and Japan's status as a major importer of commodities. As such, the CADJPY pair can exhibit significant volatility and is of interest to traders looking for opportunities in the Forex market.
📊 Weekly Timeframe Analysis
In this timeframe, CADJPY has experienced notable movements. Recently, it saw a sharp decline, indicating a significant correction from previous highs. The pair reached a critical supply zone around 117.682 and has since entered a downward trend, currently testing a support level near 105.722.
Support Levels: The key support levels observed are at 105.722 and 101.072.
Resistance Levels: The resistance levels to watch are around 110.109 and 117.682.
📈 If CADJPY stabilizes above 110.109, we could see a bullish momentum potentially pushing the price towards the next resistance at 117.682. Confirmation of a new upward trend will depend on candle stability above this level.
📉 Conversely, if CADJPY falls below 105.722, it may continue its bearish trend, with the next critical support level around 101.072.
Volume analysis is crucial in this scenario. A strong trend should be accompanied by corresponding volume, with particular attention to any divergence that may indicate a potential reversal.
📊 Daily Timeframe Analysis
On the daily chart, CADJPY has exhibited significant bearish momentum. After a period of ranging around the 108.874 level, the price dropped sharply and is currently finding support around 105.714.
Support Level: The support level to monitor is 105.714.
Resistance Levels: Resistance levels are marked at 108.874 and 112.089.
🧲 Given the current setup, a stabilization below 105.714 could signal further bearish continuation. On the other hand, if the price manages to move above 108.874, it could indicate the start of a bullish reversal, targeting higher resistance levels.
📊 4-Hour Timeframe Analysis
In the 4-hour timeframe, CADJPY has encountered resistance at 108.874 and has shown a pullback. The pair recently tested the support at 105.714, aligning with the bearish trend observed on the higher timeframes.
Short Position Key Levels: For short positions, critical levels are 108.874 and 112.089, where price reactions could provide better entry points.
Long Position Key Levels: For long positions, the critical support levels to watch are 105.714 and 101.072.
Volume analysis indicates decreasing momentum, suggesting a potential exhaustion of the downward movement. Monitoring volume and price action will be crucial for identifying potential reversals.
📊 RSI Oscillator
The RSI is currently ranging between 33.97 on the weekly timeframe and 13.64 on the daily timeframe. Breaking these levels could provide confirmation for opening positions. However, it is essential to use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points.
📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the downward trend in the weekly timeframe, I am inclined to consider short positions. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans.
⚠️ Please note that this is not financial advice. I'm simply introducing this analysis to you, and remember always to do your own research.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
CADJPY bearishCADJPY in continuation downtrend
No divergence
Bearish Trendline
EP below last LL
SL above last LH
CADJPYWe can attempt to buy CADJPY from specified level as it make descending wedge pattern (reversal pattern) , also break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
