A potential counter trend on CAD/JPY
Looking at potential pull back on this pair...
CTS
1. Structure zone
2. Oversold conditions - Daily time frame
3. 2x Harmonic legs
4. 1.414 Fib Extension
5. 1.618 Fib Extension
6. 0.618 Fib Retracement
7. Divergence on RSI
Waiting on Entry signal. Take Profit target back into previous highs. I've highlighted potential secondary targets if Risk Reward profile doesn't suit your criteria. Stop Loss level two ATR readings from Entry.
Seeing how price reacts now.
CTS
1. Structure zone
2. Oversold conditions - Daily time frame
3. 2x Harmonic legs
4. 1.414 Fib Extension
5. 1.618 Fib Extension
6. 0.618 Fib Retracement
7. Divergence on RSI
Waiting on Entry signal. Take Profit target back into previous highs. I've highlighted potential secondary targets if Risk Reward profile doesn't suit your criteria. Stop Loss level two ATR readings from Entry.
Seeing how price reacts now.
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