CadJpy is beginning to form an interesting sell setup if it's able to break the current Significant Daily Level that it's testing for now. We could see that market structure has been strongly bullish until it reached the Weekly Resistance Level. Once price came to this zone, structure is beginning to switch from bullish to bearish.
If price manages to have a bearish break past the Significant Daily Level and come back to retest with significant bearish rejection, I'll be looking for potential sell orders.
If price manages to have a bearish break past the Significant Daily Level and come back to retest with significant bearish rejection, I'll be looking for potential sell orders.
