CADJPY: Two Key Scenarios for the Next Pro-Trend Long
After breaking out of the global range, the instrument has started a correction on the 4H structure, which could potentially transition to the daily structure.
If the corrective decline continues, there will be two potential reversal levels on the price's path inside the Daily Order Block for a continuation of the uptrend. The minimum target is an update of the January 6 high.
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The principles and conditions for forming the manipulation zones I show in this trade idea are detailed in my educational publication, which was chosen by TradingView for the "Editor's Picks" category and received a huge amount of positive feedback from this insightful trading community. To better understand the logic I've used here and the general principles of price movement in most markets from the perspective of institutional capital, I highly recommend checking out this guide if you haven't already. 👇
P.S. This is not a prediction of the exact price direction. It is a description of high-probability setups that become valid only if specific conditions are met when the price reaches the marked POI. If the conditions are not met, the setups are invalid. No setup has a 100% success rate, so if you decide to use this trade idea, always apply a stop-loss and proper risk management. Trade smart.
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If the corrective decline continues, there will be two potential reversal levels on the price's path inside the Daily Order Block for a continuation of the uptrend. The minimum target is an update of the January 6 high.
- The first scenario involves a reversal from the Daily 61.8% Fibonacci retracement level. Upon reaching it, the price must find acceptance above it.
- If this level is broken, the next opportunity to consider a long position will be upon reaching the 78.6% Fib level. The condition for the long setup to form will also be the price finding acceptance above this level upon its arrival.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The principles and conditions for forming the manipulation zones I show in this trade idea are detailed in my educational publication, which was chosen by TradingView for the "Editor's Picks" category and received a huge amount of positive feedback from this insightful trading community. To better understand the logic I've used here and the general principles of price movement in most markets from the perspective of institutional capital, I highly recommend checking out this guide if you haven't already. 👇
P.S. This is not a prediction of the exact price direction. It is a description of high-probability setups that become valid only if specific conditions are met when the price reaches the marked POI. If the conditions are not met, the setups are invalid. No setup has a 100% success rate, so if you decide to use this trade idea, always apply a stop-loss and proper risk management. Trade smart.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
If you found this analysis helpful, support it with a Boost! 🚀
Have a question or your own view on this idea? Share it in the comments. 💬
► Follow me on TradingView for timely updates on THIS idea (entry, targets & live trade management) and not to miss my next detailed breakdown.
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Ordine annullato
CADJPY | UPDATE (Target Hit)The price has reached the minimum target at the January 6 high while simultaneously sweeping liquidity from the previous month's high (PMH). However, this unfolded after a reversal from the 50% Fibonacci level, which I viewed as less probable in this setup due to a strong POI below in the form of a daily order block, suggesting a higher likelihood of a deeper correction to the 61% or 78% Fibonacci levels. With the price now updating the structural high, these Fibonacci levels and the overall idea are no longer valid.
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Stop guessing. Follow the Whale footprints 🐳
🏆 2025 TradingView Award Winner & Editor's Pick Author
💎 Institutional logic & high-probability setups
⚡️ Strategy-driven execution & trade breakdowns
JOIN FOR FREE 👉 t.me/TheWhaleSM
🏆 2025 TradingView Award Winner & Editor's Pick Author
💎 Institutional logic & high-probability setups
⚡️ Strategy-driven execution & trade breakdowns
JOIN FOR FREE 👉 t.me/TheWhaleSM
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.