CAD/JPY: Bullish Continuation Setup - Buy Above 111.33The CAD/JPY pair has completed a bullish wave structure and is now showing a healthy pullback, creating a high-probability continuation setup.
WAVE STRUCTURE ANALYSIS:
✅ Completed bullish wave formation
✅ Pullback has traded below Structure 4
✅ Continuation remains valid above Structure 2 (110.96)
TRADE SETUP:
📍 Entry: Buy above 111.33 (signals uptrend resumption)
🛑 Stop Loss: 110.96 (Structure 2 invalidation point)
🎯 Target 1: 112.46 (Fibonacci key ratio projection)
🎯 Target 2: 112.97 (Extended Fibonacci target)
FIBONACCI ANALYSIS:
Using key ratio Fibonacci measurement from the complete wave structure low to high, we've identified clear target zones for profit-taking.
RISK MANAGEMENT:
Price must hold above 110.96 for bullish bias to remain valid
Entry above 111.33 confirms momentum resumption
KEY LEVELS TO WATCH:
📌 Critical Support: 110.96
📌 Entry Trigger: 111.33
📌 Resistance 1: 112.46
📌 Resistance 2: 112.97
METHODOLOGY: WavesOfSuccess Price Behaviour Analysis
