TA_Trading
Long

CADJPY 4H LONG CAD/JPY

OANDA:CADJPY   Canadian Dollar / Japanese Yen
Irregular/expanded 3-3-5 flat corrective pattern also looks as it could be impulse wave 2 in a trend reversal, with wave 3 developing upon the completion of C.

Retracement of 1-2 hit the .618 fibonacci level.

Wave C finished on the 123.6% extension of A-B, which is in accordance with the 3-3-5 expanded flat pattern.

(A) [ W-X-Y (3)] - (B) - (C)

Inverse Head & Shoulders also developed.



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