Fxprotrader
Short

CADJPY Two Options Sell Setup

FX:CADJPY   Canadian Dollar / Japanese Yen
147 3 12
In a previous post i posted a pending bearish bat pattern which for only some pips didn't complete (see the link below). We now have another potential sell setup which can be traded in two ways. The first is to go short after price reaches the 0.618 level of the impulsive wave which broke the corrective structure. in case we don't see price reaches the 0.618 we should wait for a breakout of this smaller correction and then go short.

A bigger picture of structure:


Tripple top ?
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Double top?
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it looks like we have a breakout of correction. It's a go..
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