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

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CAD/JPY — Descending Wedge Breakout + Demand Zone | Long to SuppCAD/JPYOANDA:CADJPYthefxmbrandCAD/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