CADJPY: Advanced bearish formation and strong weekly fib

1.Strong weekly fib 50%
2.Divergences
3. Potential completion of a 5 wave move
4. Advanced bearish formation

Comment:

Bearish Shooting Star, 240 min candle.

Comment:

Comment:

For almost one week price is creating a consolidation zone above 50% weekly fib.
This can be the first wave for the down move but if price breaks the top at 91.64 this means that the odds are very high for price to extend up to 61.8% weekly Fib.Ret, at 94.41 before moving to downside.