The only reason for this to drop at this moment and tf would be a retracement. Lmk what you think
Alot of confluences for a long move back up to the supply zone
We know this is dropping, just looking for the best potential levels to sell if you haven't already. Goes back up to imbalance level to continue drop Simple.
Yes i know where all confused but it was actually coming to a potential resistance area(yellow line) the whole time. We just have to watch out for the third hits at all times
Just need a complete break out from this zone and this could potentially head back down to 141 zone if not go lower
This is a high possibility of a up move once it’s tapped out of this trend on the 15 minute. I don’t see anything else that could push it back down except the current 4 hour resistance which it could break but after it’s going up i believe
I BELIEVE that this pair will make its way back down due to a couple of reasons. First would be the dollar which has lost its power over the last couple of weeks which puts USDJPY in a chokehold. Secondly would be the FVG imbalanced level(Green box drawn) that the USDJPY has touched on the 4 hour which i would recommend waiting on a BOS on the 1 hour for...
Price hit the FVG area and is coming back down to break structure and create more strength to the downside
This weekly hit will also confirm this trend and would likely go down after its 3rd hit. With everything that’s happening on the lower time frames such as the daily and 4 hour I would say it is likely to drop back down between the 106 and 107 level This isn’t financial advice
The cadjpy has finally started its potential long term bearish move after finally breaking the 110.900 level which is crucial. It then came back to the same level not being able to break it and potentially coming back down back to the 110.210 level which will most likely break and hit the nest leave which is 109.700. Fundamentally, I believe that the poor CAD...
This is coming off a weekly support from way back(yellow line). There is also confirmation on the daily but this is the time to wait for good confirmation and long in for marathon.