Harmonic Hunting: Potential sale opportunity on CADJPY pair.

Harmonic Hunting: Potential sale opportunity on CADJPY pair.

Harmonic Hunting: Potential sale opportunity on CADJPY pair.

21 Apr 2026

by: Kadiri Radouane

Date: Avril 21.2026 Current Price: 116.473

This technical analysis of the CADJPY pair on the four-hour (4H) frame is mainly based on Harmonic Patterns with their integration with supply and demand zones. Here is a detailed explanation of the points shown in the picture: 1. Harmonic Pattern (Harmonic Pattern) The drawing shows the formation of the Bat Pattern or Shark - according to the exact measurements of Fibonacci - but the basic idea is to complete the ribs down to the potential reflection zone (PRZ). The price is now at point D, which is the point at which we usually look for signs of a trend reversal. 2. Supply Zone The upper green rectangle has been identified as a strong viewing area. We notice that the price had difficulty breaking through this level before, and now it is retesting it. The presence of the harmonic model within this region enhances the strength of the “sales scenario”. 3. Expected Price Action (Price Action) • Current wave: The price has reached the ceiling of the green zone (about the level of 117.18). • Retest: The small zigzag lines (M formation) show a prediction of a fluctuation or "correction" within the region to confirm rejection (Rejection). • Target: The long black arrow indicates a sharp decline expected targeting lower support levels, down to an area of approximately 113.86. Strategy summary in the picture: • Expected trend: bearish. • Entry point: from inside the green zone after the appearance of a reflection signal (such as a negative candle). • The first objective: the middle level at the broken rib. • Final goal: the previous bottom at 113.86. Technical tip: It is always preferable to wait for a four-hour negative candle (Pin Bar or Engulfing) to close inside the green zone before making a sell decision to make sure that the “selling liquidity” has started to dominate.

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