Hi guyz,
This is some prediction on CADJPY for us to monitor
1. CADJPY is approaching a swing high trendline to complete its third subwave after massive spike since last 2 weeks
2. We can see previously price made various pattern within bigger correction structure in Wave 4 and finally broke to complete its cycle for final Wave (wave 5)
3. We would like to see if price bounce from the swing high trendline for us to consider placing our Short position
4. A bigger drop towards nearest structure level would bag us with more than 400pips of movement
Our bias:
- Immediate Trend = Sell CADJPY
- Long Term Trend = Buy CADJPY
This is some prediction on CADJPY for us to monitor
1. CADJPY is approaching a swing high trendline to complete its third subwave after massive spike since last 2 weeks
2. We can see previously price made various pattern within bigger correction structure in Wave 4 and finally broke to complete its cycle for final Wave (wave 5)
3. We would like to see if price bounce from the swing high trendline for us to consider placing our Short position
4. A bigger drop towards nearest structure level would bag us with more than 400pips of movement
Our bias:
- Immediate Trend = Sell CADJPY
- Long Term Trend = Buy CADJPY
