Regarding to smart money concept analysis CADJPY is getting ready to change direction into sell. selling around 109.15 with stop loss of 45 pips at 109.60 the first target will be 108.60 and more down up to 106.50.
Trade active
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first target being hit, but we will hold our position for the big move. now price at 108.15 we will move our stop loss to break even at 109.15 and we will target the big wave down till 94 it will be a long journey if you have patience. I ll keep updating the trade inshallah (in God willing).
Trade active
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Congrats, target 106.50 is achieved.
we will close up to 75% of our position and leave the rest for the final destination
at 94.00 inshallah.
price might keep falling till 106.00 before we see a real pullback.
I will update this trade when to re-enter and scale in.
Trade closed: target reached
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We will close the rest of the order at current price with 400 pips gain.
the pair may go into correction.
I will keep an eye on it to re-enter with the down trend inshallah.