🗓️ Date: June 12, 2025
📊 Type: Tactical Intraday Plan
📍 Execution Style: Confirmation-based (Market entry with candlestick validation)
🎯 Bias: Bullish intraday continuation
🔁 Order Style: Market (Confirmation Only)
🔍 Multi-Timeframe Breakdown
* Weekly: CADJPY holding a long-term bottoming formation between 103.00–106.00. Clean reclaim off prior wick lows (103.70) into a slow grind higher. Mid-structure chop, but signs of reversal forming.
* Daily: Price formed a bullish impulsive structure from the May lows. Recent pullback rejected at 104.80 support (prior daily OB). Wick rejection and higher close hint at demand pickup.
* 4H: BOS (break of structure) after retracement — bullish engulfing off demand near 105.20. Market retesting this area now. Solid internal HH/HL structure is forming.
* 1H: Sharp bounce off 105.30. Clean engulfing breakout of micro-structure, now printing small-bodied candles — sign of decision point near retest zone.
🧭 Trade Plan – Primary Bias: Buy (Bullish Continuation)
🔁 Entry Zone: 105.45 – 105.55
🛑 Stop Loss: 105.05 (below 1H bullish OB and internal structure)
🎯 Take Profits:
* TP1: 105.90 (recent swing high – partial close zone)
* TP2: 106.40 (4H supply rejection zone)
* TP3: 107.00 (D1 continuation target, HTF range edge)
📌 R:R: Approx. 1:2.8 to TP2, 1:4.5 to TP3 🔁 Trigger: 1H bullish candle from 105.45–105.55 zone OR strong reaction near NY open with volume
🧠 Why This Works:
* Clean bullish structure on all lower timeframes
* 4H engulfing + H1 reversal confluence
* HTF still in recovery zone – not in resistance
* Price respected prior OB and held internal liquidity under 105.20
❌ Invalidation Criteria:
* H1 bearish engulfing closes below 105.00
* NY open fails to produce volume follow-through
* DXY or risk flows shift against CAD
🔮 ForexGPT Elite Forecast Bias – CADJPY
Direction Probability Reason
🟢 Bullish 70% Structure breakout, bullish OB retest, H1 demand respected
🔴 Rejection Risk 30% If DXY strengthens or Yen spikes on risk-off, false break likely
📌 Execution Note (What I Would Do): I would wait for NY session reaction — if price dips into 105.50 zone and prints bullish engulfing / M15 pin + volume, I’d enter with SL below 105.05. I’d take partials early and let the rest ride to 106.40+ if momentum holds.
📊 Type: Tactical Intraday Plan
📍 Execution Style: Confirmation-based (Market entry with candlestick validation)
🎯 Bias: Bullish intraday continuation
🔁 Order Style: Market (Confirmation Only)
🔍 Multi-Timeframe Breakdown
* Weekly: CADJPY holding a long-term bottoming formation between 103.00–106.00. Clean reclaim off prior wick lows (103.70) into a slow grind higher. Mid-structure chop, but signs of reversal forming.
* Daily: Price formed a bullish impulsive structure from the May lows. Recent pullback rejected at 104.80 support (prior daily OB). Wick rejection and higher close hint at demand pickup.
* 4H: BOS (break of structure) after retracement — bullish engulfing off demand near 105.20. Market retesting this area now. Solid internal HH/HL structure is forming.
* 1H: Sharp bounce off 105.30. Clean engulfing breakout of micro-structure, now printing small-bodied candles — sign of decision point near retest zone.
🧭 Trade Plan – Primary Bias: Buy (Bullish Continuation)
🔁 Entry Zone: 105.45 – 105.55
🛑 Stop Loss: 105.05 (below 1H bullish OB and internal structure)
🎯 Take Profits:
* TP1: 105.90 (recent swing high – partial close zone)
* TP2: 106.40 (4H supply rejection zone)
* TP3: 107.00 (D1 continuation target, HTF range edge)
📌 R:R: Approx. 1:2.8 to TP2, 1:4.5 to TP3 🔁 Trigger: 1H bullish candle from 105.45–105.55 zone OR strong reaction near NY open with volume
🧠 Why This Works:
* Clean bullish structure on all lower timeframes
* 4H engulfing + H1 reversal confluence
* HTF still in recovery zone – not in resistance
* Price respected prior OB and held internal liquidity under 105.20
❌ Invalidation Criteria:
* H1 bearish engulfing closes below 105.00
* NY open fails to produce volume follow-through
* DXY or risk flows shift against CAD
🔮 ForexGPT Elite Forecast Bias – CADJPY
Direction Probability Reason
🟢 Bullish 70% Structure breakout, bullish OB retest, H1 demand respected
🔴 Rejection Risk 30% If DXY strengthens or Yen spikes on risk-off, false break likely
📌 Execution Note (What I Would Do): I would wait for NY session reaction — if price dips into 105.50 zone and prints bullish engulfing / M15 pin + volume, I’d enter with SL below 105.05. I’d take partials early and let the rest ride to 106.40+ if momentum holds.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.