Free Forex Signal and Forex Analysis on CAD/JPY
There is already a shift in market structure based on the 1-hour timeframe, Hence, we expect the price to go to the downside to at least the 79% Fib level. We want to see the price meet all requirements before thinking o taking trades. Based on the H1 analysis, there is already a break in market structure also which indicates that price is about to change direction so we wait for our confluences to enter the sell trade.
Since we have seen a shift in market structure, or a failed swing, as well as a breaker, we wait for the price to return to our point of interest which is return to breaker or return to order block. But in this case, we wait for a return to order block and in this case, we will be waiting for price to reach the 5 minutes bearish order block then we will be looking to go short.
Since we have seen a shift in market structure, or a failed swing, as well as a breaker, we wait for the price to return to our point of interest which is return to breaker or return to order block. But in this case, we wait for a return to order block and in this case, we will be waiting for price to reach the 5 minutes bearish order block then we will be looking to go short.
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