CADJPY Follow money flow corrective move on the 4hr expected

5 Mar 2019

We got a nice spf on the daily with a lot of sellers stepping in. 4hr wise we are still in buyers territory money flow wise. so I expect we get a corrective move at least. we have some contradicting signals. we can get bullish again but I don't expect we can take out a W supply in one take from here without a recharge or refuelling in a propper demand area down the line. Im waiting to reenter a short position. when I see upward momentum is dying out and we hit confluence and congestion areas.

I did notice we got above a nice S/R on the weekly so lets see if price can stay above this. ideally like I mentioned above we get a bigger retrace before we go up again.

6 Mar 2019

Not

should have kept my short anyways we are aproaching untapped demand on the 4hr. lets see for a reaction here

7 Mar 2019

İşlem kapandı: durdurma seviyesi

price did not do a corrective move.and proceeded to go down.