FX:CADJPY   Canadian Dollar/Japanese Yen
154 2 3
9 months ago
The Yen pairs are setting up for another round of Yen strength and one of the best opportunities will be provided by CADJPY             . I'm looking for a minor consolidation before entering short. Since CADJPY             is in a complex correction on higher time frames we have to keep in mind that what looks like an impulse might not show any follow up. Nevertheless structure looks good for a sell set-up soon. Let's see whether it breaks bearish .

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9 months ago
9 months ago
Comment: I didn't short CADJPY after the break due to price action and the fact that I didn't see a consolidation. However I think there is a possibility that this current consolidation is not over yet. Which will present a better sell opportunity once wave C is in place.

glaazie PRO
9 months ago

i had posted 2 months ago that think that cad jpy was in a wave 4 triangle think there is a lot mot downside in it what is your daily view

only the lines didn't play out as i predicted :)
TimStuyts glaazie
9 months ago
I would not count it as a triangle but I agree with your bias. This looks like a complex corrective combination for a wave 4 kind of consolidation. I will update this pair once things start to move.
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