Educational Content

FX:CADJPY   Canadian Dollar / Japanese Yen
In this example, we can see that this is a typical trend continuation move.

1. Bullish impulse leg, followed by a "Consolidation before breakout".
2. For those who trade with SMC = Smart Money Concept, you will identify the breakout zone as an ORDER BLOCK.
3. Prices made a Swing High, followed by a "FALLING WEDGE" pattern, forming liquidity beneath the minor swing lows while approaching the ORDER BLOCK.
4. 1st Buy Entry would be at "OB1 - PRIMARY ZONE".
5. 2nd Buy Entry would be a classic "Breakout Retest" retail trading technique.

This is how you combine Retail Logic with Smart Money Concept.