CADJPY
CADJPY is making a nice flag/trend continuation pattern/corrective structure on the daily for another impulse to the upside. When I break down the structure on the 4 hr it looks like we just made an "abc" correction within a wave "b" for one more wave down to complete a 3 wave correction. 83 area looks to be a good area to watch for the reversal to the upside as we have 4hr supply with 1.27 fib extension from wave one but from the looks of this correction wave 3 likes to be extended.
Essentally we are watching and waiting for the next impulse to the upside because it has a huge profit potential but i expect one more move down and has a possibilty to be extended.
Essentally we are watching and waiting for the next impulse to the upside because it has a huge profit potential but i expect one more move down and has a possibilty to be extended.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.