Wave-Trader
Short

CADJPY Big Drop is ahead

OANDA:CADJPY   Canadian Dollar / Japanese Yen
Hi there,

CADJPY is testing the 786 of fib lines and forming very nice trend continuation pattern. Watch top for reversal.


How you can trade on this chart.

1. It is forming correction on lower time frame watch for that correction to complete and then look for breakdown and look for sell.

Or

2. Simply wait for the price to test the top again and look for sell from top.


There is possibility for one more bullish wave before we see big drop on this pair if so then watch lower time frame for short term buy and then look for sell from new high.

In case price goes beyond the channel line it will not change the bigger pattern so we will remain bearish for longer term on CADJPY until we will see significant changes on this pair.

Good Luck .

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Comment: That's called perfect and amazing stuff. But again members first.
I am currently in this trade
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It dropped below the trend line, and then was instantly rejected, do you think it will retest? Or is this the start of a bullish wave in your opinion?
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thank you very much for sharing yours skills...thank you again!!!!
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Hi again .Do you have a chart also about the USD/JPY pair.What is your analysis on this? Will it be reversing to an uptrend soon? thank you
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Thank you sir .Very impressive analysis of the cad/jpy.I am gaining so much profits in the past 2 days.I again entered a sell order but this time my TP is on the 79.I will patiently wait for a big profit this time.thank you again for sharing
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Thank you
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Perfect Setup
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We are still waiting for the big time drop, am I right to say that?
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FOMO...not sure to wait for correction or to enter...
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one more leg to top trend line perhaps before shorting..
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