CADJPY is currently testing a well-defined supply zone on HTF 💎
After a steady bullish move, price has entered a key resistance area, where sellers are expected to step in.
🔍 Market Structure:
Bullish push into supply
Clean resistance zone (unmitigated)
Price slowing near zone
Potential bearish reversal 📉
🎯 TRADE PLAN:
✅ Sell Entry: 115.30 – 115.60 zone
🛑 Stop Loss: 116.00
🎯 Target 1: 114.30
🎯 Target 2: 113.80
🎯 Target 3: 113.20 (previous demand zone)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection) before entry — avoid early selling.
💡 Best trades come from patience + confirmation.
After a steady bullish move, price has entered a key resistance area, where sellers are expected to step in.
🔍 Market Structure:
Bullish push into supply
Clean resistance zone (unmitigated)
Price slowing near zone
Potential bearish reversal 📉
🎯 TRADE PLAN:
✅ Sell Entry: 115.30 – 115.60 zone
🛑 Stop Loss: 116.00
🎯 Target 1: 114.30
🎯 Target 2: 113.80
🎯 Target 3: 113.20 (previous demand zone)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection) before entry — avoid early selling.
💡 Best trades come from patience + confirmation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.