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Snick3rSD
Feb 23, 2024 6:07 PM

CADJPY - Potential long ✅ Long

Canadian Dollar/Japanese YenFXCM

Description

Hello traders!
‼️ This is my perspective on CADJPY.

Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 111.000.

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Comments
ChrisLaw1
Great analysis buddy! I'm keeping watch on the bullish order block.
Snick3rSD
@ChrisLaw1, Thank you sir!
churchillm
I agree ! confluence with OTE and early buyers (liquidity) has been taken already.

Great outlook brother !
Snick3rSD
@churchillm thank you a lot!
TheFxAce
It looks like a smart move to buy now, based on what you've explained.
Snick3rSD
@TheFxAce yes, thank you
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