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CADJPY Last bit of structure completion? Hello everyone:
I am still keeping an eye on CADJPY for the sell.
When we look at the overall structure, we still seeing a larger continuation correction.
Last bit price action is correctively going up to the top of this channel like structure, could see bearish opportunities.
I see either price goes up one more to create a recent double tops, or breakout for this current correction.
Look for strong impulsive move out of the correction for the sell down to the lows of the larger structure and see what the price will do then.
Thank you
USDMXN Look for sell setups hereHi traders:
USDMXN is on my weekly watch list.
Higher time frame we see price had a strong bear sell from the previous structure, and now has been in a corrective structure since early June.
We see price slowly correcting itself up, forming a wedge pattern. Last bit of price action we see price break below this structure, and a Head and Shoulder pattern in the making.
Now I just need to wait for one more confirmation from the market, if price begin to form a continuation correction on the lower time frame,
then we can expect bear momentum to continue, at least to the recent lows.
Thank you
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