Cadjpy short

7일 전

Entry Zone (Supply Area):
Around 107.59 – 108.08 (highlighted grey box).
Price is expected to react bearish from this resistance zone.

Stop Loss:
Just above 108.08 (top of the supply zone).
This protects against a breakout continuation.

Target Zone:
Around 106.00 – 105.95 (lower green box).
This is the projected support area.

📉 Trade Idea

Bias: Bearish (short).

The red arrow suggests that price may reject from the supply zone and head lower.

Risk-to-reward (RRR) looks favorable, roughly 1:2.

🧠 Technical Rationale

1. Supply Zone Rejection:
Price is retesting a prior resistance zone where sellers have stepped in before.

2. Trend Structure:
On the 4H chart, CAD/JPY is in a corrective rally after a bearish move — this could be a retracement before continuation down.

3. Candlestick Behavior:
If bearish rejection candles (e.g., wicks, engulfing) form near 107.80 – 108.00, it strengthens the short bias.

7일 전

액티브 트레이드

5일 전

거래청산: 타겟 닿음

final target of 1:2 hit.