looking to the left
we had a channel break
and completion of a wave cycle
we have a head and shoulders pattern to reset wave cycle
first push down complete
the drawback of that first push also completed the right shoulder at a 618 bounce
the 2nd push down started before close of market on friday
I believe this push will go to around 85.00 or further for about 30 pips
follow the red arrow down
depending on where price is when the market opens
cad/jpy for the sell
as long as price is still at the brown line on my chart, sell
if skippage occurs, price could have already dropped
Then We Wait...
we had a channel break
and completion of a wave cycle
we have a head and shoulders pattern to reset wave cycle
first push down complete
the drawback of that first push also completed the right shoulder at a 618 bounce
the 2nd push down started before close of market on friday
I believe this push will go to around 85.00 or further for about 30 pips
follow the red arrow down
depending on where price is when the market opens
cad/jpy for the sell
as long as price is still at the brown line on my chart, sell
if skippage occurs, price could have already dropped
Then We Wait...