in the past week the CAD has seen a lot of strength against the JPY, seeing buy pressure off its weekly uptrend and weekly zone. now we see minor consolidation on the lower timeframe which could provide us with a trade for a few pips to the upside. what we are seeing is buy pressure coming in 3 times at the 4h zone and now has broken the lower timeframe downtrend. what we will be looking for now is some kind of move to the downside and buy pressure to come back in at one of the fib levels to then place an entry to the upper 4h zone for a day trade. we will only enter this trade if we get price action and entry confirmation highlighted ion our free course which you can find on YouTube.
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