Let's wait for the next move:
Reasons for staying neutral at this moment:
Upside: we may on the end of wave 4 and ready for wave 5 since we have a support trendline there
Downside: Double MACD and RSI bearish divergence on Daily chart.
so..either we wait for the uptrend yolo swag up...
or..wait for the downside breakout~~
*trade at your own risk
Reasons for staying neutral at this moment:
Upside: we may on the end of wave 4 and ready for wave 5 since we have a support trendline there
Downside: Double MACD and RSI bearish divergence on Daily chart.
so..either we wait for the uptrend yolo swag up...
or..wait for the downside breakout~~
*trade at your own risk
Comment:
Ready to short, CADJPY tried really hard to close right on the support line, so it may goes 2 ways for the next week:
s3.amazonaws.com/tra...shots/4/48RL6puT.png
s3.amazonaws.com/tra...shots/4/48RL6puT.png
Comment:
:(
For traders,
either you can go ahead and chase it for a short term.
Or
Wait for the potential wedge trade opportunity