CAD/JPY — Descending Wedge Breakout + Demand Zone | Long to Supp

#CAD/JPY#

CAD/JPY printed a textbook descending wedge breakout from the $$$$ demand confluence at 115.107–115.175. The wedge compressed into the demand zone, then broke above the upper trendline with the ascending dashed trendline confirming higher lows building. This is a sequenced long → short cycle trade — the long feeds the sell setup.

🟢 LONG (active)
Entry: 115.175–115.392 | SL: 115.107 | TP1: 115.501–115.560 | TP2/Flip: 115.600–115.750
R:R: ~5.4R to flip zone

🔴 SHORT (pending at supply)
Entry: 115.600–115.750 | SL: 115.800 | TP1: 115.392 | TP2: 115.175 | TP3: 114.950–114.530
R:R: ~3.5R to demand base

Sequence:

✅ Long from wedge breakout + demand — live, $$$$$ liquidity being swept now
⏳ Close long + flip short at 115.60–115.75 supply zone
⏳ Short back to $$$$ demand base — full cycle complete

Confluences:

Descending wedge breakout — classic bullish reversal pattern
$$$$ demand zone launched the breakout — structural base confirmed
$$$$$ liquidity clusters above acting as sequential upside magnets
Supply zone at 115.75 = long closes + short opens (same logic as WTI setup)
Macro demand block at 114.530 = ultimate short target

Long invalidation: 1H close below 115.107
Short invalidation: 1H close above 115.800