Cornhub

Waiting for the next move~

Cornhub Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
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
Comment:
Wave 5 intact:

For traders,

either you can go ahead and chase it for a short term.

Or

Wait for the potential wedge trade opportunity
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
Comment:
:(
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