Starting from the higher time frame, Monthly the over all trend is bearish, as I mark up zone areas on my weekly time frame down to the daily I see major rejection around the weekly zone to push lower to the down side, I just scaled down to a lower time frame an wait on a bearish engulfing candle for an entry.
starting rom top to bottom analysis starting from the monthly time frame down to the 1hr. Mark off higher highs and higher lows, my over all projection long on tau
top down analysis, just my thoughts on this pair starting with my monthly down to the 1hr, entry on bearish engulfing heavy wick rejection to the upside. bearish on cadjpy potential to a monthly low. confluence aligns with heavy wick rejection, fibs lined with 38% bearish engulfing, the overall trend is bearish only looking to take sells. moving average cross on...
