CAD/JPY - Low Timeframe Indicator

Jul 28, 2020

At the moment CJ looks bearish as price is about to break bearish flag...low time-frame is always a good thing to use together with High time-frame...at low time-frame we can see that price made impulsive move down, now its at correction phase, big probability is that price will drop (impulse, correction, impulse, correction). If next move is impulsive on 30m chart, then its a good indicator to sell.

Jul 28, 2020

Note

Price is curently testing new resistance zone.

Jul 30, 2020

Note

On 15 minute chart we can clearly see correction.

Jul 31, 2020

Note

Price beautifuly dropped 85 pips makin impulsive move down after correction phase