CADJPY has entered my POI. I am now waiting for it give indications of a reversal, so I may find a valid short. If price stay strong, making the HH even higher, I wait. Patiently. It will pull back at some point, to make the HL. This is dictated by HTF market structure. I wait, patiently, for confirmations. No confirmations, no trade.
NOTE: I didn't mention it in the video, but CAD gas CPI news on Wednesday. Banks may look to take profits and send the market to move unpredictably. Be very careful trading this pair with the news looming.
RT - what you think it did come down but retracing back up - but the block seems to have held?
RT_Money
⋅
@manjit.biant, It broke the high of the trading range. It is still very bullish. Waiting on the next break of structure, or the new HH made.... then the return to impulse for the HL. I will look for a long there.
FXTOP7
⋅
Great 😊 I’m also expecting a pull back towards the 91