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MoneyEngineer

CAD/JPY Bull expected for CAD news tomorrow.

Long
Canadian Dollar / Japanese Yen (FX:CADJPY)  
MoneyEngineer  
FX:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Wave Analysis Elliott Wave technical analysis
4
0
trendanalysis waveanalysis elliottwaves technical analysis
From an Elliot Wave perspective we previously had an impulse downwards and now we are in a possible wave 2 correction. We had a very bullish move where it would have been expected if a flat correction were to form. Now it looks like we will either have a Running or Expanded Flat with a big move up on the CAD (cpi) news tomorrow. I expect the Asian markets to correct this move and then the big move up at the news release. Good luck guys.
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