CADJPY Same Bullish Structure, Wait for buy entry
Updated
Hi traders:
Similar like USDJPY, CADJPY and few other JPY pairs are showing signs of bullish price action.
From the higher time frame, price has already impulse up from the descending structure,
and continue its impulse phase.
It hits the previous highs and pushed down, only to form into a reversal correction and continue upwards.
Latest price development shows that we have another lower time frame impulse up, breaking above previous highs,
and is now forming into another continuation correction which is what we see here on the lower time frames.
To confirm the next move up, wait for price to break above the current LTF continuation correction,
and watch for smaller, LTF correction to set entry orders for the buys.
Thank you
Comment
Price still in consolidation, waiting for confirmation break upfollow by continuations
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