This is my analysis. Enter at your own risk. From D1 you can see the clear picture of the potential direction of CADJPY. For now i will be focus on long on most of JPY pairs.
For CADJPY, if you go to lower timeframe like H4 or H1, wait for price to breakout from the above blue zone then you put your buy limit in the blue zone. Why? Because my prediction is the price will retest back inside the zone and fly up again. This is how you get a sniper entry. Easy.
For CADJPY, if you go to lower timeframe like H4 or H1, wait for price to breakout from the above blue zone then you put your buy limit in the blue zone. Why? Because my prediction is the price will retest back inside the zone and fly up again. This is how you get a sniper entry. Easy.
Trade closed: target reached:
Hit tp. but i dont follow this trade. price take too long too complate wave E to sell.