Hello guys, if you like my idea, do not forget to support with a like and follow for more.
CADJPY is overall bullish in monthly TF, now trading in the black channel after seeing a higher high.
Price tested at the 4H OB and the bears took in charge and broke structure. CADJPY is kinda of bearish for now.
Technically i expect price bounce at the awaiting major support (97.00) area then boom to a new high
Trigger: wait for price to test at the major support 97.000 area, then wait for a break above the 4H OB and then buy after the momentum candle close above it.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
CADJPY is overall bullish in monthly TF, now trading in the black channel after seeing a higher high.
Price tested at the 4H OB and the bears took in charge and broke structure. CADJPY is kinda of bearish for now.
Technically i expect price bounce at the awaiting major support (97.00) area then boom to a new high
Trigger: wait for price to test at the major support 97.000 area, then wait for a break above the 4H OB and then buy after the momentum candle close above it.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
