CADJPY could be finding a new range soon. I have a position in some drawdown. It took the lows, looking for for a push up and continue down. Caught a sell down off the institutional setup this morning. Now buying back up to fill the imbalance that lines up with the fib zones plus using measured moves to add some market structure confirmation for a good target area(s).
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It seems the overall move was not over.
Distribution schematic...
Distribution schematic...
updated sell areas