CAD/JPY - Low Timeframe Indicator
Updated
At the moment CJ looks bearish as price is about to break bearish flag...low time-frame is always a good thing to use together with High time-frame...at low time-frame we can see that price made impulsive move down, now its at correction phase, big probability is that price will drop (impulse, correction, impulse, correction). If next move is impulsive on 30m chart, then its a good indicator to sell.
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Price is curently testing new resistance zone.
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On 15 minute chart we can clearly see correction.
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Price beautifuly dropped 85 pips makin impulsive move down after correction phase
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