CADJPY Sell Now - 82.81 (20 pip target)

analysis in a second

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Closed partials, it is entering an area where I want to buy now. Wanted to lock in some $

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Here is a 5Min Chart (I work off the 1m and 5m):

Analysis from start to finish. I am looking to buy CADJPY around 82.65 so i am bias for it to reach that price, 82.72 is the beginning of my buy zone on the 1H though.

I closed at 82.72 because it was the start of a bullish zone for me, and there was a bullish pattern completing as well, since I was in such a tight range, just wanted to stay in the green.
#1 London open trap move (Purple): we had a nice spike to the upside only to reverse back down, this showed me the banks might be bearish for the first part of the day, the reason they spike up like that is so they can attack a pocket of buy orders, and SELL against them. This allows them to sell at a higher...aka better price and also have more of their orders filled with out price running away on them.

Once price traded back below 82.82 I was convinced it was a trap move. I marked that spot on my chart and began to watch.

#2 Reverse Deep Crab Completes at the price (orange)

#3 NY Open : We got a retest and a mini trap move on the 1m chart (Light Blue)

*NOTE whenever you see yellow boxes on my charts that is me showing the zone in which orders are trapped. this means price should not clear those orders, as banks need to keep people trapped.

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One minute chart -

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