Price threw down some lower wicks on the 1h below the pink support trendline, but bounced up, which indicated bearish exhaustion, and the strong green bull candle confirms bull strength.
Confluence with my CADJPY long position as there is a high positive correlation between these 2 pairs.
Buying to area of previous resistance.
Confluence with my CADJPY long position as there is a high positive correlation between these 2 pairs.
Buying to area of previous resistance.
Comment:
Stop hit