CAD/JPY – Bullish Reversal from Key Support (4H)
CAD/JPY is showing signs of a potential **bullish reversal** after respecting a strong demand zone around 101.75 – 102.00. Price has bounced multiple times from this zone, suggesting buyers are stepping in.
A downtrend line was broken recently, and price is attempting to form a **higher low**. If this bullish momentum holds, we could see a move toward the next resistance near 103.85.
📈 Trade Setup:
- Entry: Around 102.30 – 102.40
- Stop Loss: Below 101.75 (beneath strong support)
- Take Profit: Targeting 103.85 zone
- Bias: Bullish (Reversal structure)
This setup is ideal for swing traders looking to capitalize on structure-based reversals from strong support areas.
CAD/JPY is showing signs of a potential **bullish reversal** after respecting a strong demand zone around 101.75 – 102.00. Price has bounced multiple times from this zone, suggesting buyers are stepping in.
A downtrend line was broken recently, and price is attempting to form a **higher low**. If this bullish momentum holds, we could see a move toward the next resistance near 103.85.
📈 Trade Setup:
- Entry: Around 102.30 – 102.40
- Stop Loss: Below 101.75 (beneath strong support)
- Take Profit: Targeting 103.85 zone
- Bias: Bullish (Reversal structure)
This setup is ideal for swing traders looking to capitalize on structure-based reversals from strong support areas.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。