HI, THIS IS MY POINT OF VIEW ON CADJPY.
BEFORE THINKING OF ANY ENTRIES OPPORTUNITY, I WILL WAIT TO SEE THE H1 DEMAND ZONE BEING TAKEN OUT. AS OF RIGHT NOW, THE ORIGIN OF THIS BULLISH MOVE IS the ONLY ZONE THAT I WOULD ENTER. WE ALSO HAVE A BEARISH DIVERGENCE, THAT'S WHY I AM THINKING OF SHORTING IT IN A NEAR FUTURE.
BE AWARE OF THE THREE EQUAL HIGHS, WE WILL PROBABLY SEE A STOP HUNT BEFORE THE MOVE TO THE DOWNSIDE
BEFORE THINKING OF ANY ENTRIES OPPORTUNITY, I WILL WAIT TO SEE THE H1 DEMAND ZONE BEING TAKEN OUT. AS OF RIGHT NOW, THE ORIGIN OF THIS BULLISH MOVE IS the ONLY ZONE THAT I WOULD ENTER. WE ALSO HAVE A BEARISH DIVERGENCE, THAT'S WHY I AM THINKING OF SHORTING IT IN A NEAR FUTURE.
BE AWARE OF THE THREE EQUAL HIGHS, WE WILL PROBABLY SEE A STOP HUNT BEFORE THE MOVE TO THE DOWNSIDE