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CADJPY high Probability Setup About To Complete

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
Fxprotrader  
FX:CADJPY   Canadian Dollar / Japanese Yen
CADJPY wavetheory
17
4
cadjpy wavetheory
Price broke below a corrective structure with an impulsive down move and it's now pulling back into a corrective mode. It may soon enter a zone where it will test at the same time a daily downtrend and the previous broken level. In that zone we may watch for a sell setup to form, or for a safer trade we should wait for price to break below the correction:

snapshot
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