CAD.JPY - Intraday Breakout Required ( L )

Currency Pair: CAD.JPY
Time Frame: Weekly, Daily, 4hr & 1hr
Predicted Direction: Long

CAD.JPY updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

Kommentera:

Price has continued accelerating to the downside this morning, however nothing will become invalid until the Daily candle close.
Should we end the day forming a low-test / doji candle then we will set a pending order.

Kommentera:

Textbook low-test candle forming, highly probable we will set a buy stop order into this evening.