ThinkingAntsOk

4HS and Daily Analysis on CADJPY by ThinkingAntsOk

FX:CADJPY   Canadian Dollar / Japanese Yen
Main items we can see on the chart:

a)The price is on a major Support Zone

b)The price is on the lower trendline of a descending channel

c)The price is on a clear Range with a corrective structure inside

d)We will expect a breakout of the range and after that a corrective structure on the 1H Chart

e)The corrective Structure must be a small ABC making a Throwback to the broken range

f)Our Target will be the extension of the broken range


Daily Chart:

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