CADJPY ( INSTITUOTIONAL SETUP)

🎖CADJPY - Monthly TF , here on CJ I can see the market was in a downtrend then the momentum shifted from bearish market to bullish after testing the support , currently we have impulse move and we need to see the correction to test back the broken trendline (Structure )before the continuation to the upside , and if you take the FIB u can see that the previous structure is perfectly aligning with the 0.5 and the 0.618 , so on cadjpy i am expecting a deeper correction before continuation to the upside.