Cad Jpy Pair
Daily : Down trend
1 hour : algorithm reach an area of interest to run some selling world wide transactions
Retail trader called this area a ( order block , resistance , supply )whatever it is
Liquidity taken inside this 1 hour order block ( shown above yellow line) and after liquidity grab there was some heikinashi red candles shown a popular model...
The price liquidate the bottom of two 30 minutes heikin ashi candles and these candles are located at the bottom of 4 hour support or demand zone , NZD CAD start to fall which support EUR NZD will go up to test newly created supply area
High Risk to Reward
EUR NZD BUY
entry : 1.6745 - 1.6755
stop loss : 1.6737
Take profit : 1.7700
if you agree please leave...
1) on daily timeframe we are above a daily order block or resistance or supply area
2) on daily we can see we are now above this order block but still did not break it
3) on four hour time frame we are also on bullish trend and volume as the daily
4) on 30 minutes chart i start to see bearish volume showed in 4 heikin ashi candles that took alot of liquidty...