CADJPY BULLISH ENTRY MOMENTUM
- CADJPY has created an order block from yesterday's New York Killzone.
- The price has broken the market structure to the upside, showing there is momentum to continue the uptrend.
- The order blocks are aligned with the internal Fibonacci entry area.
- The entry area is at a discounted price level because it is below 50% from the previous impulsive movement.
- By using the external Fibonacci retracement to both XAY pattern and Fibonacci projector as the target profit.
- To execute the trade, lower time frame is needed to seek confirmation of a change in the market structure on the order blocks area.
- CADJPY has created an order block from yesterday's New York Killzone.
- The price has broken the market structure to the upside, showing there is momentum to continue the uptrend.
- The order blocks are aligned with the internal Fibonacci entry area.
- The entry area is at a discounted price level because it is below 50% from the previous impulsive movement.
- By using the external Fibonacci retracement to both XAY pattern and Fibonacci projector as the target profit.
- To execute the trade, lower time frame is needed to seek confirmation of a change in the market structure on the order blocks area.