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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CADJPY: Possible 300 PIPS Selling Opportunity! Dear Traders, There is a good possibility that we can expect short term selling opportunity on CADJPY; saw some bullish exhaustion and price dropped created change of character. Though the price has risen up sharply to previous high, we still expect price to reject from the area around previous high. With 60 pips stop loss the setup idea look reasonable to take risk with 350 pips in take profit. Good Luck and Trade Safe.
Short
by Setupsfx_
21
#CADJPY: Major Swing Selling Opportunity, 300 Pips Expected! Dear Traders, Cadjpy was extremely bullish in January since Yen plummeted to record low, making it easier for all jpy pairs to rise to the new level. However, since february Yen has started to recover and it is expected to remain bullish for entire march. Right now, We are looking at price to come to our area of entry and reject it from there, with possible 300 pips selling opportunity can be targeted. Using of Accurate Risk Management is advisable and protect your capital at all time. Only take this idea as your bias. Good Luck and Trade Safe!
Short
by Setupsfx_
9
Yen Alignment (Sell) Looking to sell the JPN225 and CADJPY pair from nearby levels. USDJPY is also a viable sell here, but I will not be taking this as I do not want to be overexposed on Yen buys. Multiple Yen pairs are currently aligned to sell being CADJPY, USDJPY and JPN225. This makes this one I cannot miss. How it is played is I will be splitting my normal risk between the two pairs. 1% to CADJPY and 1% to JPN225. Confluences: Yen cross alignment 2+ pairs KL (Key levels) CADJPY Monthly Trendline area. CADJPY SL: 40 pips CADJPY TP1: 1:2 JPN225 SL: 180 points JPN225 TP1: 1:2
Short
by FalkenFx
CADJPY BUllish at 30 mins TF"The CAD/JPY pair is showing a clear bullish trend today, backed by both technical and fundamental analysis. From a technical standpoint, we've seen a decisive break above the resistance level at 111.421, which has now turned into a supportive floor. This breakout suggests that buyers are in control and are propelling the price upwards. Additionally, indicators like moving averages, volume, and oscillators support this bullish momentum. On the fundamental side, positive economic data from Canada, particularly strong GDP growth and supportive policies from the Bank of Canada, are bolstering the Canadian dollar against the Japanese yen. Furthermore, rising commodity prices, particularly crude oil, benefit the Canadian economy and its currency. Meanwhile, shifts in global risk sentiment and central bank policies also play a role, with any divergence in monetary policy between the Bank of Canada and the Bank of Japan influencing the exchange rate. Taking all of this into account, it's evident that the CAD/JPY pair is on a bullish trajectory today."
Long
by sanjay_ar
1
CAD/JPY: corrective structure in play?Hi Traders! Important Tops were reached in the short term and we cannot exclude the completion of the bullish cycle, having said this, it could be interesting to continue following the pair on the intraday chart, because something like a corrective structure seems to appear. As we showed on the 1H chart, if there is a deep pullback or if the bearish corrective structure is close to completion, the technical target still remains bullish, around 111.25. In conclusion, we can consider this phase as a consolidation of the ongoing bullish trend. Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
7