Hello traders. CADJPY. 24.7.2025. Thursday. Welcome to my analytical breakdown. Candlesticks built on a daily timeframe clearly indicate long-term buying and selling levels at 108.73 upwards and 101.24 downwards.
Unlike the daily timeframe, on the 4-hour timeframe, trading opportunities for both buying and selling are more immediate, with current levels at 108.73 upwards and 105.06 downwards.
Only by looking at the hourly timeframe, we can see levels for buying/selling at 108.46 and 107.17. When the hourly candle closes beyond these levels, we enter a trade. For Buy: StopLoss - 107.46 TakeProfit - 111.46. For Sell: StopLoss - 108.17 TakeProfit - 104.17 Exit the trade only based on TP or SL. In other scenarios, costs may increase and profits decrease.
I will check an additional oscillator indicator before executing the trade. If its signals align with my trade, then the trade is on.
