jojofang0901

CADJPY Look for continuation after breakout

Short
OANDA:CADJPY   Canadian Dollar / Japanese Yen
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
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Comments

great
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