How to Trade Wave 4 Pullbacks: Capturing +300 Pips in CADJPY
Before the recent Bank of Japan-driven sell-off in Yen pairs, we identified a high-probability setup on CAD/JPY.
CADJPY completed a major corrective cycle in April 2025 and shifted into a clear bullish sequence—printing higher highs and higher lows, supported by the BoJ’s ultra-loose policy backdrop. After завершing a strong Wave 3 impulse, we focused on buying the pullback.
The correction into March 2026 unfolded as a double zigzag (Wave 4), reaching our key support zone at 113.925–112.392. We shared this “buy zone” with members, and price reacted precisely—triggering longs before accelerating sharply, breaking above the previous Wave 3 high, and delivering +300 pips ahead of the recent sell-off.
BEFORE - 8TH APRIL, 2026
AFTER - 28TH APRIL, 2026
Despite the pullback, the broader bullish structure remains intact. We’ve already outlined the next opportunities in Yen pairs for members in the server. Join us as we present the market to you from an evidence-based Elliott wave perspective. Every chart contains trading zones to trade from, and you get trade calls to be monitored together. In addition, you get to answer questions in the community.
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