180 views
Hello traders:
We see CADJPY had a strong bearish move from the top of the structure.
Now the price action is approaching the bottom of the channel structure, and forming a correction.
I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure.
Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum
Thank you
We see CADJPY had a strong bearish move from the top of the structure.
Now the price action is approaching the bottom of the channel structure, and forming a correction.
I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure.
Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum
Thank you
Price action analysis, live market update, Group Q/A, educational videos/lessons.
Telegram: https://t.me/aeristrading
YouTube: https://www.youtube.com/user/jojofang0901
Myfxbook: http://www.myfxbook.com/members/Aerisfang/aeris-trading/7763187
Telegram: https://t.me/aeristrading
YouTube: https://www.youtube.com/user/jojofang0901
Myfxbook: http://www.myfxbook.com/members/Aerisfang/aeris-trading/7763187
Comments