FX:CADJPY   Canadian Dollar/Japanese Yen
11523 33 250
Hi Guys the CADJPY             looks like it about to breakout. Looks like a nice move if it breaks.


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Nice!
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Thank you for your analysis. I have a similar setup as well.
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Hey Anil, love your analysis! Looking forward to seeing how this turns out for you!
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So long now?
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thank you sir
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I think i has one more down then up,but let's see
snapshot
+5 Reply
ivn96 ivn96
(I think there is*) not (i has)...
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arshadd ivn96
No Mr divergence is there
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Nice and simple strategy Anil....
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Spot on! Entered on the breakout! Waiting on today's webinar if there will be any?
+3 Reply
Good setup, I have a very similar chart!
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thank you...
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Thanks Anil, looks like a break to me. With a few trend lines now underneath the price with candle wick confirmation: I've entered at 7915.
+1 Reply
morgand377 judderod
Agreed. and i entered the same place.
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judderod morgand377
My position is currently in loss, and price action has strayed outside of my strategy. I've moved my limit to BE. If it does break upwards again I'll consider re-entering.
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Thx a lot for the pips Anil.You are number one.

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Thanks anil! Quick question. Where do you think the breakout will end and where would be a good place to set a stop loss?
+4 Reply
dinesh26 morgand377
I think he indicated it by the arrow where it might go, good place for SL would be below the previous low.
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morgand377 dinesh26
thanks!
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Thank you Sir...
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Can you pleae draw elliot wave count on this chart
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I am skeptical , I think it will go down before going higher , time will tell
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Anil can you explain why this is not taken as a case of Ending Diagonal
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Anyone in this? I assume it has actually broken out
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i got out and am long in GBP/JPY. still watching though. Might spike back up.
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looks like a small wedge has formed after the initial breakout and will shoot back up in the next 5 hours. what do you guys think?
+1 Reply
Kumail morgand377
Guess you were correct :)
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I'm assuming the news caused the dip back at 2016-10-18 12:00 and 16:00
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Do you think is this still good to go up?
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Still long? Thanks
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Still waiting for that up impulse...
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Let them break out of the structure, wait for break of flag before any buys !!!
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Any Update SIR :) Thank You
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