My analysis for CADJPY expect that price will move down to take liquidity at Point A. Following this liquidity grab, I will be looking for confirmation signals of bullish momentum. If confirmed, the first profit target would be within the Fair Value Gap (FVG) at Point B, second profit target would be the liquidity level at Point C.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.