4HS and Daily Analysis on CADJPY by ThinkingAntsOk
Main items we can see on the chart:
a)The price is on a major Support Zone
b)The price is on the lower trendline of a descending channel
c)The price is on a clear Range with a corrective structure inside
d)We will expect a breakout of the range and after that a corrective structure on the 1H Chart
e)The corrective Structure must be a small ABC making a Throwback to the broken range
f)Our Target will be the extension of the broken range
Daily Chart:
a)The price is on a major Support Zone
b)The price is on the lower trendline of a descending channel
c)The price is on a clear Range with a corrective structure inside
d)We will expect a breakout of the range and after that a corrective structure on the 1H Chart
e)The corrective Structure must be a small ABC making a Throwback to the broken range
f)Our Target will be the extension of the broken range
Daily Chart:
