CADJPY
Trade ID: cadjpybuy202601211310 | Execution: 184667
Status
WON
Direction
BUY
Entry Price
114.397
Targets Hit
3 / 3
Trade Levels
Entry, Stop Loss & Take Profit Targets
Level
Price
Pips
Status
Hit Time
Entry Price
114.397
0
Filled
Jan 21, 2026 1:15 PM
Stop Loss
114.297
10
Not Hit
-
Take Profit 1
114.477
8
HIT
2026-01-21 13:59:00
Take Profit 2
114.547
15
HIT
2026-01-21 14:09:00
Take Profit 3
114.647
25
HIT
2026-01-21 14:44:00
Trade Analysis
Strategy & Reasoning
Strategy
Trend Following
Reason
Bullish trend alignment across timeframes with a confirmed liquidity sweep on the 1M/5M chart, supported by positive commodity sentiment for CAD, despite proximity to the 114.40 resistance level.
Details
The trade is initiated based on strong multi-timeframe bullish alignment, with daily, 4H, and 1H EMAs and price action all signaling an uptrend. A clear liquidity sweep was identified at 114.352, where price briefly broke below recent lows and quickly reversed, indicating smart money accumulation. This pattern is supported by favorable fundamental conditions: crude oil forecasts are positive (boosting commodity-currency CAD) and USD weakness persists, while JPY safe-haven demand is subdued. Although the proximity to the 114.40 round number slightly reduces confidence due to potential resistance, the technical confluence and volatility are sufficient for a high-conviction entry.
Confluence Metrics
Technical & Fundamental Analysis Scores
Technical Confluence
Multi-timeframe alignment (Daily/4H/1H all bullish), liquidity sweep pattern on 1M/5M, price above key EMAs
Fundamental Sentiment
Neutral to slightly positive for CAD/JPY based on crude oil and USD weakness; news sentiment score ~19%
Confidence Score
85
Trade Conviction
High
Reasoning Completeness
High