CAD/JPY – H4 Analysis (As per My chart)
Market Structure
Overall trend was bullish, price respected the ascending trendline + Ichimoku cloud.
Price has formed a clear Double Top near the highs.
Recent candles show breakdown below momentum, signaling a bearish correction.
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📉 Sell Scenario
Sell Zone: 112.30 – 112.80
🎯 Targets
Target 1: 109.50
Target 2: 106.50
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❌ Invalidation
A strong H4 close above 113.80 will invalidate the bearish setup.
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📌 Summary
Pattern: Double Top
Bias: SELL
Expectation: Price to move down toward lower demand zones
Market Structure
Overall trend was bullish, price respected the ascending trendline + Ichimoku cloud.
Price has formed a clear Double Top near the highs.
Recent candles show breakdown below momentum, signaling a bearish correction.
---
📉 Sell Scenario
Sell Zone: 112.30 – 112.80
🎯 Targets
Target 1: 109.50
Target 2: 106.50
---
❌ Invalidation
A strong H4 close above 113.80 will invalidate the bearish setup.
---
📌 Summary
Pattern: Double Top
Bias: SELL
Expectation: Price to move down toward lower demand zones
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📲 Join telegram channel free .
t.me/addlist/dg3uSwzkMSplNjFk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
t.me/+PNWQFM8CwnswYTc0
Gold Signal's with proper TP & SL for high profit opportunities.
t.me/addlist/dg3uSwzkMSplNjFk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
t.me/+PNWQFM8CwnswYTc0
Gold Signal's with proper TP & SL for high profit opportunities.
Related publications
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.