Please check the previous analysis and follow and like me if you like it
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At the end of last week, we saw a sharp price drop in CADJPY
The trend line was broken and the pullback was complete
Now we consider two scenarios
In my opinion, the first scenario is more likely to happen
🔴1. After the pullback to the broken level in the 1-hour time frame, we can enter the sell position.
🟢2. If the level breaks upwards, everything changes and we will look to enter a buy position
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At the end of last week, we saw a sharp price drop in CADJPY
The trend line was broken and the pullback was complete
Now we consider two scenarios
In my opinion, the first scenario is more likely to happen
🔴1. After the pullback to the broken level in the 1-hour time frame, we can enter the sell position.
🟢2. If the level breaks upwards, everything changes and we will look to enter a buy position
Comment:
Consider the range of supply higher
