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lalala_landzz
Mar 26, 2022 12:52 PM

CADJPY BULLISH ENTRY MOMENTUM Long

Canadian Dollar/Japanese YenFXCM

Description

CADJPY BULLISH ENTRY MOMENTUM

- CADJPY has created an order block from yesterday's New York Killzone.
- The price has broken the market structure to the upside, showing there is momentum to continue the uptrend.
- The order blocks are aligned with the internal Fibonacci entry area.
- The entry area is at a discounted price level because it is below 50% from the previous impulsive movement.
- By using the external Fibonacci retracement to both XAY pattern and Fibonacci projector as the target profit.
- To execute the trade, lower time frame is needed to seek confirmation of a change in the market structure on the order blocks area.
Comments
Paddy_213_rock
wrong projections
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