Assalam-o-Alaikum,
I want to discuss the CADJPY pair with you. The market structure is bearish on the daily chart, but there is strong support at the current level. On the H4 chart, the market structure is also bearish, and there is a chance that the market will retest the previous low and move upwards (FVG). Based on these two pieces of evidence, it seems we should consider a short-term buy on the H4 chart, and then sell after the retest.
I would appreciate guidance from the senior members.
I want to discuss the CADJPY pair with you. The market structure is bearish on the daily chart, but there is strong support at the current level. On the H4 chart, the market structure is also bearish, and there is a chance that the market will retest the previous low and move upwards (FVG). Based on these two pieces of evidence, it seems we should consider a short-term buy on the H4 chart, and then sell after the retest.
I would appreciate guidance from the senior members.