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.
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👤 Follow for more high-probability setup analysis
Trade attivo
Entry Confirmed! trading below the LH Bar.Trade chiuso: stop raggiunto
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.