🕵️♂️ Chart Overview:
Instrument: CAD/JPY
Chart Type: Candlestick
Time Frame: Appears to be intraday (possibly 1H or 4H)
EMAs Used:
50 EMA (Red): 102.814
200 EMA (Blue): 102.710
📊 Key Zones Identified:
1. Immediate Zone (103.30 - 103.50)
Marked as: “Resistance + Support”
This is a key decision zone. Price has tested this region multiple times, showing it holds dual roles — a flip zone.
Price is currently testing this zone again. A break and retest above could confirm bullish momentum.
2. Upper Resistance Zone (104.80 - 105.50)
A broader supply area where previous strong selling pressure occurred.
This is the next logical target if price breaks and holds above 103.50.
3. Lower Support (101.29)
Strong horizontal support, clearly defined from previous lows.
If the price fails to break above the current zone, a rejection could lead to a move back down toward this support.
📈 Bullish Scenario:
Break above 103.50, with a successful retest confirming new support.
Momentum could carry price toward the 105.00–105.50 resistance.
Supported by 50 EMA crossing above 200 EMA (early sign of bullish crossover — Golden Cross).
📉 Bearish Scenario:
Rejection from the 103.30–103.50 zone could signal continuation of range-bound or bearish pressure.
Break below 102.00, followed by momentum towards 101.29 key support.
Would invalidate short-term bullish structure.
📌 Additional Technical Notes:
The chart shows consolidation between 102.00 and 103.50 — likely accumulation or re-accumulation phase.
EMAs are tightening, indicating a potential volatility expansion move is near.
Volume is not visible but would be useful to confirm breakout strength.
📍Conclusion:
CAD/JPY is currently at a critical decision zone. The next few candles will be key. Monitor:
Breakout direction
Retest confirmations
Momentum and volume indicators (if available)
Instrument: CAD/JPY
Chart Type: Candlestick
Time Frame: Appears to be intraday (possibly 1H or 4H)
EMAs Used:
50 EMA (Red): 102.814
200 EMA (Blue): 102.710
📊 Key Zones Identified:
1. Immediate Zone (103.30 - 103.50)
Marked as: “Resistance + Support”
This is a key decision zone. Price has tested this region multiple times, showing it holds dual roles — a flip zone.
Price is currently testing this zone again. A break and retest above could confirm bullish momentum.
2. Upper Resistance Zone (104.80 - 105.50)
A broader supply area where previous strong selling pressure occurred.
This is the next logical target if price breaks and holds above 103.50.
3. Lower Support (101.29)
Strong horizontal support, clearly defined from previous lows.
If the price fails to break above the current zone, a rejection could lead to a move back down toward this support.
📈 Bullish Scenario:
Break above 103.50, with a successful retest confirming new support.
Momentum could carry price toward the 105.00–105.50 resistance.
Supported by 50 EMA crossing above 200 EMA (early sign of bullish crossover — Golden Cross).
📉 Bearish Scenario:
Rejection from the 103.30–103.50 zone could signal continuation of range-bound or bearish pressure.
Break below 102.00, followed by momentum towards 101.29 key support.
Would invalidate short-term bullish structure.
📌 Additional Technical Notes:
The chart shows consolidation between 102.00 and 103.50 — likely accumulation or re-accumulation phase.
EMAs are tightening, indicating a potential volatility expansion move is near.
Volume is not visible but would be useful to confirm breakout strength.
📍Conclusion:
CAD/JPY is currently at a critical decision zone. The next few candles will be key. Monitor:
Breakout direction
Retest confirmations
Momentum and volume indicators (if available)
Trade active
Trade closed: target reached
✅ CAD/JPY Breakout Success: Bullish Scenario Played Out Perfectly!The price broke above the key 103.30–103.50 resistance-turned-support zone, confirming the bullish setup. As anticipated, the breakout was followed by strong upward momentum, validating the analysis and hitting the projected upside target area. The EMA alignment and zone structure worked in confluence, offering a clean and profitable buy opportunity. 📈
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.