CADJPY CAD/JPY – Technical Analysis Price recently broke above a minor resistance. After such breakouts, institutions often create a false sense of security for retail traders by keeping price above resistance. Once enough long positions and stop-loss orders build up, price often dips back below the broken level to trigger a liquidity hunt (stop-loss grab). If the bullish market structure holds, price typically reclaims the broken level and continues higher.
CADJPY On CADJPY and CADCHF, I’m keeping my bearish bias in line with the overall trend. My previous CADCHF position has already reached nearly 4RR, but I still believe the zone I sold from can remain valid and CADJPY same miss few pip to limit
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CADJPY If the middle line of the channel is broken, there’s a high probability that the price could reach 106K, considering the interaction it has with the channel’s guideline.
CADJPY 📈 CADJPY Setup We’ve got a potential long opportunity with a 1:5 R:R. Price is bouncing off demand and showing bullish continuation signs. If momentum holds, this could be a strong setup to ride higher.
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⚠️ Disclaimer: This is just my personal analysis, not financial advice.
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