CADJPY ANALYSIS
CADJPY price dropped from the major supply level on H1 & H4 at 107.541 & 107.080 to the 1st H1 low at 105.180, a 230 pips drop. Price then reversed and rallied back to the bearish BOS on H1 & H4 at 106.700 & 106.430. Price rallied into the BOS, made a slight drop to 106.130 then rallied back into BOS. Price formed rejection wicks on H1 followed by a strong push down in 2 large bearish candles showing bearish momentum. Took late sell entries during NYSE at 106.082 with SL at 106.390 (30 pips) as I missed optimum entries when price was inside BOS.
Setup taken is a drop base drop a continuation setup and my 1st target is the H1 low at 105.180.
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