CADJPY Analysis
Based of off Tech Analysis on a daily Chart one can clearly see a break of structure south, which gives us our directional bias down.
There's a Daily Fair Value Gap (Imbalance) that clearly validates the Order Block above.
Overall, price has still has a southen imbalance to fill on the weekly chart.
Hope this helps a bit.
There's a Daily Fair Value Gap (Imbalance) that clearly validates the Order Block above.
Overall, price has still has a southen imbalance to fill on the weekly chart.
Hope this helps a bit.
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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.