CADJPY with GAP
The main reason behind this long level is Volume accumulation setup. Heavy volumes were accumulated in a rotation area (marked in purple rectangles ). After that, the price shot aggressively upwards which indicates that the heavy volumes were mostly volumes of strong buyers. When the price makes a pullback into this significant area again, I think that the buyers will try and defend their long positions and that they will push the price higher.
GAP ( market in green rectangles) is for market like MAGNET.. The market tends to fill this gap
GAP ( market in green rectangles) is for market like MAGNET.. The market tends to fill this gap
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