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JAPANESE YEN / CANADIAN DOLLAR

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JPYCAD trade ideas

CAD/JPY Buy Setup📈 CAD/JPY Buy Setup 🕒 1H Timeframe 📍Entry: 105.30 (inside demand zone) 🎯 Target: 106.20+ I'm long CADJPY from the demand zone. Price is holding structure and showing signs of bullish intent after a clean sweep of lows. Expecting a move back toward 106.20+ as we reclaim imbalance and fill inefficiency above. 🚀 Price is inside a key reaction zone — watching for continuation if momentum holds. #CADJPY #ForexTrade #SmartMoney #DemandZone #LiquiditySweep #SwingTrade #PriceAction
Long
by GlobalHorns
The Market Rewards the PatientLast week was probably one of the slowest weeks I’ve ever had. I found two setups, but neither one truly materialized. They just didn’t meet all the conditions in my plan. It was tough. I won’t pretend it wasn’t tempting to drop my rules and chase other strategies just so I could be in the market. But deep down, I knew exactly what I wanted. I want to be consistent . I want to trade like a professional . So I held back. All week, I watched and waited. No trades taken. It was boring, honestly . But that boredom protected my capital. Instead of forcing trades, I spent the entire weekend backtesting , drilling into my strategy even more. I wanted to be sure that when my moment came, I’d recognize it without hesitation. Then this week started. I didn’t know if it would be any different, but I trusted my process and stayed ready. Eventually, one clean setup appeared. I shared it here on TradingView. I managed my risk properly , took half my usual size at just 0.5%, and let the trade run. It almost hit my stop, but I didn’t touch it. It was simple: either TP or SL . And this time, it hit TP. A clean 1:4. This was a powerful lesson. Following my plan didn’t just lead to a winning trade. It protected my capital all of last week when the market wasn’t offering quality setups. That patience and discipline paid off. That’s how you build consistency. That’s how you survive long enough to catch the trades that truly matter.
Education
by J4mesWick
6
CADJPY: Is the Trap Set?Price swept the liquidity below the previous day’s low and then broke structure to the upside. That’s often a strong sign that smart money just stepped in. I’m now watching for price to pull back and fill the imbalance it left after the break. If it respects that zone, there’s a good chance we’ll see it push higher toward the previous day’s high where more liquidity is waiting. I’ve also added the 50 EMA on this chart as an extra layer of confluence. It helps me stay aligned with the overall market direction and avoid taking trades that fight the current trend. It’s easy to get impatient here and jump in too soon, but discipline means waiting for the story to fully unfold. Trust your levels, trust the process, and remember that protecting your mental capital is just as important as protecting your trading account.
Long
by J4mesWick
CAD/JPY 4H Bullish Setup – EMA Gap Up + ADX & Stoch RSI CAD/JPY 4H Bullish Setup – EMA Gap Up + ADX & Stoch RSI Confirmation -- The CAD/JPY forex pair is showing strong bullish momentum on the 4-hour chart. Here’s a breakdown of the technical factors supporting this view: 1. The price is above the 50 EMA, showing short-term bullish strength. 2. The price is also above the 200 EMA, confirming long-term upward momentum. 3. The pair has gapped up recently, signaling strong bullish interest and possible continuation. 4. The ADX indicator is confirming the trend strength, supporting the upward move. 5. The Stochastic RSI has bounced from oversold levels and given a reversal buy signal in line with the trend. These combined signals suggest a potential bullish continuation in the CAD/JPY pair. Disclaimer: This content is for educational purposes only and not financial advice. Always do your own analysis before trading. To learn more, search for Rocket Boost content.
Long
by lubosi
CADJPY Trading Opportunity! SELL! My dear friends, CADJPY looks like it will make a good move, and here are the details: The market is trading on 106.86 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 106.29 Recommended Stop Loss - 107.19 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
CAD/JPY Bearish Trend Analysis – Key Levels to Watch CAD/JPY Bearish Trend Analysis – Key Levels to Watch The CAD/JPY pair is currently moving in a bearish trend structure, indicating a weakening of buying pressure in the market. This suggests that sellers are gaining control, and the pair is likely to remain under downward pressure in the upcoming trading sessions. Traders should prepare for potential further declines unless a significant reversal pattern emerges. Bearish Momentum Signals Downside Risk Recent price action shows that the pair has been struggling to sustain upward movements, with lower highs and lower lows reinforcing the bearish bias. The weakening buying pressure is evident from the lack of strong bullish candles and diminishing volume on upward retracements. This signals that any short-term recoveries may be limited, and the downtrend could resume. Key Support and Resistance Levels - Downside Target: The next major support level to watch is 104.900. If selling momentum accelerates, this level could be tested in the coming sessions. A break below this support may open the door for further declines toward lower psychological levels. - Upside Resistance: On the higher side, 106.150 stands as a critical resistance level. Any bullish retracement toward this zone could attract fresh selling pressure, keeping the bearish structure intact unless convincingly broken. Trading Strategy Considerations - Short Opportunities: Traders may consider short positions on pullbacks toward resistance, particularly near 106.150, with a downside target of 104.900. - Risk Management: A break above 106.150 could invalidate the bearish outlook, signaling a possible trend reversal or consolidation. In such a scenario, stops should be adjusted accordingly. Conclusion The CAD/JPY pair remains bearish, with 104.900 as the next key downside target. Resistance at 106.150 is crucial for maintaining the downtrend. Traders should monitor price action around these levels for confirmation of continued bearish momentum or a potential reversal. Stay cautious and trade with disciplined risk management.
Short
by Brillant_Capital
CAD/JPYSince my ascending triangle formation has violated its characteristics it is no longer valid. I took this opportunity to revisit this pair and start again. I still believe price is operating from the Double Bottom Formation so I'm still looking for price to go up. Here we have 4 touches on our Trendline & A Expanding Flat Formation (highlighted in blue letters). I have entered a position after the 4hr close but im still looking for a retrace for a better position.
Long
by Major_PipsFx
2
CADJPY CONTINUING THE BEARISH TREND MARKET STRUCTURECAD/JPY Maintains Bearish Trend Structure – Key Levels to Watch The CAD/JPY pair continues to exhibit a clear bearish market structure, characterized by consistent lower lows and lower highs on the price chart. This pattern confirms sustained selling pressure, suggesting the downtrend remains intact for upcoming trading sessions. Traders should watch for potential downside extensions while monitoring key resistance levels for possible trend reversals. Bearish Confirmation: Lower Lows and Lower Highs The formation of successive lower lows and lower highs demonstrates firm control by bearish traders. This classic downtrend pattern indicates weakening demand for the Canadian dollar against the Japanese yen. Until this structure breaks, the path of least resistance remains downward. Downside Target: 104.900 in Focus If selling momentum persists, CAD/JPY could test the next support level at 104.900. A decisive break below this level may accelerate declines, potentially opening the door for further bearish movement. Traders should watch for price reactions near this zone for potential continuation or consolidation signals. Resistance Zone: 106.250 as Key Barrier On the upside,106.250 stands as a critical resistance level. Any corrective rallies toward this zone could attract fresh selling pressure, reinforcing the bearish outlook. Only a sustained breakout above this resistance would signal a potential trend reversal, shifting momentum in favor of buyers. Market Outlook: Bearish Dominance Expected Given the prevailing price action, CAD/JPY is likely to remain under bearish control. Factors such as commodity price fluctuations (particularly oil, which impacts the CAD) and risk sentiment (influencing the JPY) may further drive the pair’s movement. Conclusion CAD/JPY’s bearish trend remains strong, with 104.900 as the next downside target and 106.250 acting as a key resistance. Traders may consider shorting rallies near resistance with proper risk management, while a break above 106.250 would require reassessment of the bearish bias.
Short
by Brillant_Capital
CADJPY Short IdeaThis is a **CAD/JPY** (Canadian Dollar / Japanese Yen) short setup on the **2-hour chart**, structured around a **Head and Shoulders pattern** and a **break of structure**, supported by multi-timeframe bearish bias. ### **Trade Description:** * **Direction**: SELL * **Entry Plan**: After the recent **break of structure** to the downside, the trader is waiting for a **retest** of the broken support zone (now resistance) and a **bearish engulfing candle** on any timeframe (1H, 2H, or 4H) to enter short. * **Stop Loss**: Just above the retest zone (\~105.95 - 106.00) * **Take Profit**: Targeting \~103.95 area * **Risk/Reward**: Approximately 3.5:1 RRR --- ### **Reasoning Behind the Trade:** #### ✅ **Technical Setup:** 1. **Head and Shoulders Pattern**: * A classic **reversal pattern** visible, with the right shoulder confirming lower highs. * The neckline has been broken — signaling trend reversal from bullish to bearish. 2. **Structure Break**: * Price has **broken below previous higher lows**, confirming a shift in structure. * A retest of the broken level is anticipated before the next move down. 3. **Confluence Zones**: * The **Daily Area of Interest (AOI)** lies around 105.00–105.20. * EMA cluster (blue and red lines) above current price adds resistance pressure. 4. **Engulfing Candle Confirmation**: * The entry is not immediate — we wait for **bearish confirmation** via engulfing candle (on 1H/2H/4H depending on clarity). --- ### **Multi-Timeframe Bias:** * **Weekly (W): Bullish** * **Daily (D): Bearish** * **12H / 6H / 4H: Bearish** * → Overall bias: **80% Bearish**, supporting a short position. --- ### **Summary:** The trader is looking to short CAD/JPY after a **clear break of structure and neckline**, within a **bearish market context on most higher timeframes**, waiting for a cleaner **bearish engulfing signal on the retest** before executing. The trade targets a zone below 104.00 for a strong reward-to-risk potential.
Short
by andreabiondo13
Bullish ABC Hello awesome traders! I hope you're having a great trading week so far. This week is a bit shorter due to the U.S. Independence Day — with partial closures Thursday and a full close on Friday. But as always, we keep doing what we do best: identifying high-probability patterns, managing our risk, and pulling pips out of the market. Let’s break down this solid technical opportunity shaping up on CADJPY (4H) – presenting a bullish ABC structure into PCZ with clean symmetry and mapped targets. Pattern Overview: Pattern Type: ABC Bullish Asset: CADJPY Timeframe: 4H Trade Type: Long – Bullish impulse expected from confirmed completion at PCZ Key Levels: A Point: 103.819 – Major swing low off the 200 EMA B Point: 107.334 – Recent swing high, strong resistance reversal C Point: 104.837 – Completion zone aligning with fib extension confluence Entry Level (EL): 105.100–105.200 – Price now entering PCZ with reversal structure Stop Level (ST): Below 104.780 – Invalidation if structure fails Target 1 Zone: 107.000–107.600 – Key retracement and 78.6% cluster PCZ (Potential Completion Zone): 127.2–161.8% BC extension @ 105.402–104.876 Fibonacci Extensions & Key Ratios: BC 127.2%: 105.402 – First PRZ alert BC 161.8%: 104.876 – Extended completion zone AB=CD (Symmetry): Confirmed with nearly equal projection 38.2%–78.6% Retracement: 106.180–107.600 – Major resistance for profit-taking Price Action & Setup: Strong downside correction from B (107.334) to C (104.837) completed with confluence at PCZ. Price is reacting near the 200 EMA and forming a minor reversal wick. ABCD symmetry leg confirms with C leg near equal length projection from A–B. If bullish momentum confirms, a move back toward the retracement zones is expected. Market Sentiment: Market testing the PCZ zone with wicks forming — early buyers showing presence. 200 EMA support coincides with D-leg completion, a common bounce area in structure trades. No major USD flows this week due to holiday impact — JPY and CAD flows dominate. Next Potential Movement: Reversal confirmation from PCZ could send price up into: Target 1: 107.000 (61.8% retracement of BC) Target 2: 107.600 (78.6% extension and previous structure resistance) Invalidation below 104.780 (break of C low) Risk Management: Entry: 105.100–105.200 on confirmation signal (bullish engulfing / hammer / breakout) Stop Loss: Below 104.780 (below structure + fib invalidation) Targets: 107.000 and 107.600 Risk Profile: Tight invalidation, high reward-to-risk structure Conclusion: CADJPY is offering a clean ABC Bullish structure, completing right at the fib confluence and 200 EMA zone. With a solid base at the PCZ and mapped target levels ahead, this setup aligns well with structured traders looking to enter on confirmation. Stay patient, stay disciplined, and trust your patterns.
Long
by TradeChartPatternsLikeThePros