Bullish Scenario on CADJPY by ThinkingAntsOk
Main items we can see on the chart:
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come
a) The price has broken a range (yellow lines)
b) After the breakout, we saw a huge bullish movement and now we can see a retest of the zone
c) On the Zone, we saw a corrective structure (purple lines)
d) The corrective Structure has been broken
e) Based on that we expect that if the price goes above the green line, that will be a confirmation for the bullish movement to come