CADJPY Top-Down Analysis 22/04/2024
1. Daily uptrend creating higher highs and higher lows.
2. Recent impulse created a new higher high.
3. We expect a retracement before continuation.
4. 4h range breakout creating a new high.
5. Before continuation price must retrace to gather further orders.
6. A structured pullback would provide evidence towards continuation on breakout.
7. High probability setup when trading with the trend.
8. Heavily tested strategy with a known success rate.
2. Recent impulse created a new higher high.
3. We expect a retracement before continuation.
4. 4h range breakout creating a new high.
5. Before continuation price must retrace to gather further orders.
6. A structured pullback would provide evidence towards continuation on breakout.
7. High probability setup when trading with the trend.
8. Heavily tested strategy with a known success rate.