I'm getting ready for the weeks ahead, make sure to keep this on your watch list! Here we have CAD/JPY on a 4h chart with an excellent buying opportunity.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
If we can complete our C point this move will take place in the forthcoming weeks, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
If we can complete our C point this move will take place in the forthcoming weeks, as always feel free to share any complimentary ideas and leave your opinion on this pair below.
Comment:
Here is additional analysis supporting the completion of our C point, it is one of many possibilities but this is most likely what will happen.
Comment:
Price has completed our C point at the minimum 1.618 retracement, I'm expecting a stall out around this level followed by a sell off to 78.750.
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