CADJPY is currently rebounding from a significant weekly resistance level. Upon closer examination of the daily timeframe, a Break of Structure to the downside is evident. Additionally, a well-defined Harmonic Gartley pattern is taking shape, with the completion of the D leg aligning with the 4-hour Order Block.
Anticipate a potential downward movement from the identified 4-hour Order Block, as highlighted on the chart. Exercise patience and wait for a change of character in lower timeframes, such as the 15-minute or 30-minute intervals, as the lower timeframes still exhibit a bullish sentiment. Wishing you success in your trades!
Anticipate a potential downward movement from the identified 4-hour Order Block, as highlighted on the chart. Exercise patience and wait for a change of character in lower timeframes, such as the 15-minute or 30-minute intervals, as the lower timeframes still exhibit a bullish sentiment. Wishing you success in your trades!
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