CADJPY: Market Structure High Reversal @ Daily Momentum High
Setup Analysis:
The CADJPY has completed its wave structure followed by a Trend-Changing Pattern, signalling a potential major reversal.
Key Technical Points:
📍 The Setup:
Tuesday's high has been broken (manipulation move)
Price pushed up to the Daily Momentum High (MH)
This MH initiated the downside that created the major low
Classic liquidity grab before potential reversal
🎯 Trade Invalidation: 111.65 [10 Pips above the Daily MH]
This is the critical level
Any trade above 111.65 invalidates the sell setup
Must respect this level for the bearish structure to remain valid
🎯 Main Target: H1 structure @ 109.55
Trade Logic:
Price manipulation above Tuesday's high swept liquidity at the Daily MH. This is where the previous major downtrend began. With wave structure complete and trend-changing pattern formed, we're watching for confirmation to trade the reversal back down to H1 structure support.
Key Principle: Let price prove the reversal. Structure breaks and manipulation moves often precede significant reversals.
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Setup Analysis:
The CADJPY has completed its wave structure followed by a Trend-Changing Pattern, signalling a potential major reversal.
Key Technical Points:
📍 The Setup:
Tuesday's high has been broken (manipulation move)
Price pushed up to the Daily Momentum High (MH)
This MH initiated the downside that created the major low
Classic liquidity grab before potential reversal
🎯 Trade Invalidation: 111.65 [10 Pips above the Daily MH]
This is the critical level
Any trade above 111.65 invalidates the sell setup
Must respect this level for the bearish structure to remain valid
🎯 Main Target: H1 structure @ 109.55
Trade Logic:
Price manipulation above Tuesday's high swept liquidity at the Daily MH. This is where the previous major downtrend began. With wave structure complete and trend-changing pattern formed, we're watching for confirmation to trade the reversal back down to H1 structure support.
Key Principle: Let price prove the reversal. Structure breaks and manipulation moves often precede significant reversals.
👍 Hit the boost button if you found this valuable
👤 Follow for more high-probability setup analysis
Giao dịch đang hoạt động
Entry Confirmed! trading below the LH Bar.Đóng lệnh: dừng lỗ
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.