- CADJPY Technical Strategy: Temporary
- Elliottwave Count: for wave
- Upcoming major events: JPY-Retail Sales (YoY) (Oct), CAD-GDP (MoM) (Sep)
We are holding long term count. We confirmed our last week pattern is not hold good and need to revisit whole counts. We now expecting another leg down towards 90 before turning to complete pattern.
On weekly and 240 min chart, we had a confirmed channel breakout. We possibly look for short entry than a long entry to mine some profit out of this pair. But at this stage, we need to wait for some sort of retracement before entering into a trade.