CADJPY Hour Analysis (13 June 2023)
1. We have important levels as KL1 and KL2
If KL1 breaks, we can get some strong bullish
momentum and for KL2 break a strong
bearish momentum
2. But for any directional break. retest
may happen so we need to wait and enter
3. Near the trendline, we can see consolidation
or range, so the range breakout
can be strong
4. Anyhow we have to wait for trend or
range break for entry.
1. We have important levels as KL1 and KL2
If KL1 breaks, we can get some strong bullish
momentum and for KL2 break a strong
bearish momentum
2. But for any directional break. retest
may happen so we need to wait and enter
3. Near the trendline, we can see consolidation
or range, so the range breakout
can be strong
4. Anyhow we have to wait for trend or
range break for entry.