SHORT - CADJPY (H4, H1) (25 May 2023)

SHORT trades in H4, H1



- Daily Trend is high in Curve: To take SELLS all the way to opposing zone
- Price needs to remove 1 demand zone and break TL before a valid SUPPLY zone is confirmed
- Alert set in Daily TF once opposing demand zone is taken out

- Price also needs to take out H4 demand zone before looking for SELL trades in H1
- Alert set in H4 TF once opposing demand zone is taken out

NO TRADING UNTIL THEN

Comment:

Watch out in D1 chart that once price breaks the opposing zone, we can place a fresh entry point there

Comment:

In D1 chart, the price broke the Daily Supply broke out.

Waiting to see whether price will touch the dotted line which is another D1 Supply.

Comment:

This analysis will be archived as price has reached higher high and reached into the Weekly supply.

A new analysis will be done.