CADJPY Confirmation Sell from the Top

Hello traders:

Seeing the price action on CADJPY shaping up for the potential drop.

From my previous analysis, my thoughts at the time was that the correction was finished and we can get the next down move breaking out of the higher time frame structure.

We then see price did has the bearish move down, but failed to continue lower before the reversal price action up.

Nevertheless, price did form a ascending kind of structure, and breaking above previous recent highs.

This lower time frame move followed by the correction would be the ideal sell from the top down to the lows o the larger structure.

Thank you

評論: