Here is the explanation of the CAD/JPY analysis on the daily time frame (1D) based exclusively on the harmonic XABCD model (without relying on point O): 1. XABCD model structure on the chart The beginning of the model (point X): The sharp or driving downward motion starts from the top at the level of 117.530 to form the first main side (XA). Correction (point A and B): The price rebounded up to form the rib (AB), then re-down to form a deep bottom at the July levels (point C). Last Rib (CD): The price is currently moving upwards in the last rib (CD) to approach the potential reversal zone (PRZ) test located within the blue supply zone between the levels of 117.000 and 117.530. 2. Expected movement scenario Complete point D: The price gradually rises from the levels of 116.413 to form a short double oscillation or peak within the supply zone and the final connection of the model at point (D). Reflex: Once the completion zone touches the model at the upper resistance, the analysis predicts a strong and sharp reversal of the prices towards the decline (as shown in the long black arrow heading down) during August and early September. 3. Suggested trading strategy Observation: Wait until the price reaches the blue resistance zone (point D levels). Confirmation: Look for reverse signals (such as a downward price action or a negative impulsive candle) to confirm the entry of a sell-off transaction with an investment target that extends towards the lower levels of the model.