pkealoha76

CADJPY-Short Counter Trend

FX:CADJPY   Canadian Dollar / Japanese Yen
Debating going short on a counter trend to the 50-62% level where things could get interesting. I’m not seeing any further downside afterwards looking at the 4H and the daily charts. The better trade would be the possible retracement to the bullish side after the 50-62% level. Tried to get impulse counts out of these but I don’t force counts. I keep to my rules and I’ve learned that if there’s no 3rd-5th Wave divergence the probability of it being impulsive is far too minute to consider. Anyways it looks like a nice trade opportunity.

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