Expecting price to retrace into the 5mins OB and fill the 5mins FVG then use Fib level for my entry
Breakout of the trendline from the 1D chart and possible retest, with a 0.618 FIb level closer to the trendline, gave me an indication to look for short positions.
Looking at a bounce on the upper trendline then I go in for a short with target of 100pips RR 1:5
Waiting for a retracement on the trendline and bounce on the FIB level
Should price break the 4h trendline and the 1.12000 psychological level then I will be waiting for price action at 1.13000 to 1.13500 psychological level to go short all the way tp 1.1000000
Looking at shorting GBJPY base on the Gann Analysis done
EURJPY sell analysis, after this correction we are looking at a movement up if price does not break structure
This is my analysis on USDCAD, looking at the movement up on 04/07/2022, the market has to come down and be at equilibruim