CADJPY 🧭 Trade Plan: Bullish Outlook 🔹 Entry Strategy (Layering Method) This plan uses a multi-layer buy-limit approach to accumulate positions at value levels: Buy Limit 1: 110.000 Buy Limit 2: 110.500 Buy Limit 3: 111.000 (Traders may add additional layers based on individual strategy and risk comfort.)
🔹 Stop Loss Suggested SL: 109.500 Dear traders, this is only a reference stop level. Please adjust your stop loss according to your strategy, volatility tolerance, and personal risk management.
🔹 Target Main Target: 112.500 Price is approaching a strong moving-average resistance zone, with signs of overbought conditions and potential liquidity traps. Taking profits around this level helps secure gains before momentum fades.
Again, your take-profit is your choice—manage based on your profile, not just this plan.
📈 Technical Insight Moving averages remain angled upward, confirming trend strength. Price has respected the demand block around 110.000–110.500. Momentum indicators signal room for a bullish continuation before the next exhaustion area.
🌐 Correlated Pairs to Watch 1. USD/JPY Strongly correlated with JPY volatility. If USD/JPY pushes upward, it often supports CAD/JPY bullish conditions.
2. CAD/CHF Reflects CAD strength. A bullish CAD/CHF environment can reinforce CAD/JPY upside structure.
3. AUD/JPY Another yen-sensitive pair. Provides clues on JPY weakness/strength across the board.
4. Oil-related influence on CAD CAD tends to strengthen when crude oil rises. Monitoring crude oil helps anticipate CAD momentum.
Nothing different here — everything’s the same. Price moves, we move with it. We follow the footprints. That’s what we do. We track.
Right now, we’re just waiting for sell-side liquidity to get swept and for price to approach the mid-term order block near current price. That’s my reactionary zone — I always react to the nearest significant price.
If price doesn’t hold there, the next area is the deeper discounted territory, where we’ll look for lower-timeframe confirmations to validate the move.
Until then, we stay patient, we follow the structure, and we let smart money lead. Keep moving, keep pushing.
High-timeframe perspective is bullish, so my focus stays on continuations. On the mid-term view, I’m waiting for that clean sell-side sweep to take place. Once price takes that liquidity, I want to see it fall into our internal-structure OB sitting beneath.
That zone is where the real reaction should show if smart money is ready to continue the trend. Until that sequence completes, we stay patient. Smart money directs the price — we just do what we do best: monitor, track the footprints, and execute when the narrative aligns.
Just waiting on that SSL draw into my OB zone within the lower timeframe scale. I’m on that tap-and-go energy — no hesitation, no overthinking. Once price taps my zone and confirms, I’m striking clean. Structure’s aligned, liquidity’s building — timing is everything.
CADJPY CADJPY — HTF continuation confirmed and flowing. Sitting patient on this second pullback setup. Trading with the trend always feels clean when structure aligns. 🔥
Price been inspecting structure from the higher timeframes down through the lower, you dig?
We mitigated a midterm order block — that gave our intent on the higher timeframe. From there, I dropped down to lower timeframes, but I tweaked a bit because the lower high hadn’t been broken yet.
Now, I treat a lower high with a sweep taken as the valid confirmation — but this time, there was no sweep, just structure forming. Still, after sell-side liquidity got taken, I went long.
Candle showed exhaustion, momentum shifted, and intent was clear. It’s all about smart money context — reading candles from basic to advanced, fundamental to technical.
I’ve been holding through delivery up to the 30-minute highs, and I already closed partials earlier. Now I’m just watching for new sell-side liquidity to be taken so price can fall into the next active order block around market open.
CADJPY 🎯 The Entry Protocol (Layering Like a Pro) We're using the "Thief Strategy" – a slick method of using multiple limit orders to layer into a position. This averages our entry cost and ensures we don't miss the move.
💡 Thief's Note: You can adjust the number of layers and prices based on your own risk appetite and market depth. This is just the blueprint!
🚨 Risk Management (The Getaway Plan) Stop Loss (The Escape Route): A hard stop is set at 107.700. If price hits here, the heist is off, and we live to trade another day.
⚠️ Disclaimer, Dear Thief OG's: I am NOT recommending you use only my SL/TP. This is your operation. Manage your risk and take profits at your own discretion. You make money, you take money – it's your call!
💰 The Take-Profit (Cashing Out Before the Cops Arrive) Profit Target: 110.200 Why here? Because the 110.500 level is a major Police Barricade 🚧. It's acting as a strong resistance zone, likely coupled with overbought conditions and potential traps. We're taking our profits just before we hit the chaos and make a clean escape. No corrections for us!
🔍 Related Pairs to Watch A good thief always knows the surrounding environment. Keep an eye on: USD/CAD: The direct correlation to the Loonie. A weak USD/CAD often means a strong CAD, which can help our CAD/JPY long.
USD/JPY: The king of Yen pairs. Its momentum often spills over into other JPY crosses like CAD/JPY. Watch for any BoJ or Fed-related news here.
AUD/JPY: Another commodity-centric Yen pair. It often moves in a similar rhythm to CAD/JPY, so it's a good sentiment gauge.
CADJPY CAD/JPY – Continuation Watch Waiting on the SSL and for price to fall into the midterm area. Once that aligns, I’ll drop down to the LTF for confirmations to catch the continuation.
Until then… patiently following the lead of smart money.
CADJPY 🧭 Trade Plan: Bullish Outlook
