on higher time frame price testing the previous hook there is a possibility to test the structure but price approaching the hook point correctively with structure and simultaneously tested increases the probability to react the hook point and currently forming a bullish indecision with wick on both sides on daily . on 1 hr price is squeezing and formed...
Analysing from the HTF usd jpy found forming a larger corrective structure in it found flag touched 3rd time on the strucuture and pushed downside and possiility to go downside when loking 1 hour chart price found in the middle of the move from the last 1hr low so there isa chance to form a larger flag for breathing and acquire more volume to go downside , entry...
according to my analysis usd cad had formed an cup and handle pattern and the handle is about break . 50 ema is already broken and mad is showing and end to bearish momentum .volumes are basically low . so according to me usd cad is about to break in to new highs . i am a beginner in trading dont follow my analysis . if you think this is a good setup please give me a like