Hello traders:
We see CADJPY had a strong bearish move from the top of the structure.
Now the price action is approaching the bottom of the channel structure, and forming a correction.
I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure.
Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum
Thank you
We see CADJPY had a strong bearish move from the top of the structure.
Now the price action is approaching the bottom of the channel structure, and forming a correction.
I expect once the correction is finished, we can see a break out from that correction, and also breaking out the higher time frame structure.
Last confluence I will look for will be smaller correctional structure once we broke out to confirm further downside momentum
Thank you
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