Market Analysis: CADJPY H1 Bearish Wave Structure Analysis

This evening, my focus is on the CADJPY H1 timeframe. We have identified a completed bearish wave structure on the H1 timeframe. Earlier this afternoon, during the New York session, a trend reset was observed, breaking above the last Structure 4.

From this point, based on wave structure anatomy, we anticipate selling interest to initiate a new bearish wave structure downward. The key level to watch is 110.48.

Happy trading!