CADJPY
Trade Levels
Trade Analysis
The analysis integrates a top-down technical view where Daily, 4H, and 1H charts all show bullish trends with price above key moving averages, providing a strong directional bias. The entry is triggered by a detected liquidity sweep pattern on the 15-minute timeframe (price dipping to 114.203 before reversing), which is a classic smart money manipulation signal. Risk management is defined by a tight stop loss of 7.5 pips and a Take Profit 1 (TP1) distance of 2.7 pips (adjusted to 5 pips before the major 114.30 level to avoid spread slippage), calculated to be achievable within 60 minutes given the current hourly ATR of 9.34 pips. Fundamental sentiment is neutral due to the absence of direct CAD/JPY specific news, though general geopolitical risks are noted but not impacting the pair directly at this moment.
