SELL CADJPY – 112.221

The CADJPY pair is forming an equal‑high‑low sweep that has filled a recent gap, indicating a rapid price reversal. On the H4 chart the bias is 23 % bearish and the multi‑timeframe analysis confirms a downtrend, while volume is unusually high, reinforcing the move. Although the On‑Balance‑Volume indicator shows a conflict, the overall structure places the stop just above recent swing high, providing a clear risk boundary. Fundamental backdrop adds pressure: the RBA minutes highlighted persistent inflation and capacity worries, contributing to a broader risk‑off environment that favours the USD and weakens the CAD, which is commodity‑linked. Combining these technical and macro factors yields a high‑confidence short entry at 112.221 with three profit targets (112.137, 112.065, 111.921) and a structure‑based stop at 112.341.