as we can see a current consolidation is happening will not look for any long opportunities till price breaks consolidation
Divergence happening price dropped to a major demand zone and has a good potential of a pullback to the supply zone nice R:R setup
High probability of CADJPY dropping to the downside after this higher time frame structure
Will need to see some more bullish conviction first for confirmation will look for an entry through the break and retest of the supply zone
Nice Descending Channel could see it go to previous lows before moving upwards whats your opinions?