An extended in-depth review of my previous already posted CAD/JPY trade.
Daily Analysis, we see previous structure of a rising wedge pushed to the downside, now we have another similar concept with a possible downside also. I will enter if it can break down the minor support and the bounce support level below which can be used to get back into the trend line, it is a descending reversal wedge anyways so it will come down eventually, but for a better entry a bounce can be a good opportunity for that snipe. Once broken down the 2 minor support and I see it does not respect the bounce, I will ride to TP 1 and will look for respect on that support zone, and furthermore if we break the ride down we then go the long distance of the full trade to TP 2.