FX:CADJPY   Canadian Dollar / Japanese Yen
171 1 0
On the 4h time frame , the main trend is clearly DOWN , the impulsive waves was very strong (1-3) , the first corrective wave (2) was very simple , that is give a chance to second corrective wave (4) to be complex :) usually after each rally we can see reversal pattern like a flag or a pennant , in our case , here after the second rally formed the third wave we can see a good flag formed the wave 4 , and by breaking out the support level of this pattern you can expect continuation of the main trend and looking for the fifth wave
Will hit the target by end of this week?
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