CADJPY

Lets share trading Ideas here

Currently Long

sl:107.462
tp:108.629

Currently Short on this pair, as it has come back to retest the current resistence zone at 109.605.

Short:
SL: 110.605
TL: 104.230

CAD/JPY (4h): the price is now at the 61.8% Fibonacci level, and it looks like it's getting ready to finish the correction after the previous strong bearish momentum.
If the local support is broken, then we may see a downward movement towards the 107.400 area.

CAD/JPY (4H): the price has formed a lower high and is now in the consolidation phase.
If the local support is broken, then we may see a downward movement towards the 108.100 area

CAD/JPY (Daily):
The price is now consolidating at the major 110 resistance zone, forming a lower high.
The current level may be good for taking profits from long trades, and for searching for reversal setups on lower timeframes.

My analysis on CAD/JPY. I believe on the 30 minutes chart it will create a double top then continue its downwards trend later on. The trend meter detects that the trend is strongly bearish as indicated by the screenshot below.

Who's excited for Mon Tue breakouts?

All the JPY gave swing trade signal last week.

All the signs were there


And last week, lower timeframe


Just need to recognize and catch at the right time

I made 30 Pips in 7 minutes on Canadian CPI data. It's a great day for me.

That is a BIG down day right there
Basically, 1-week range in 1-day