Market Analysis: CADJPY H1 Bearish Wave Structure Analysis
This evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4.
From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave structure downward. The key level to watch is 110.48.
Happy trading!
From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave structure downward. The key level to watch is 110.48.
Happy trading!
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