FX:CADJPY   Canadian Dollar/Japanese Yen
336 5 2
this pair is very clear. should turn higher towards 100 and 104
I have covered my longs for a small profit. Looks like the market will see more downside.

This upmove has been choppy and can be called corrective, but could also be wave 1
within a bigger recovery
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Here is the 4H count, showing the correct wave count. Price bounce off the equal legs
snapshot
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Isn't it too short for a wave C to call it done? I thought the wave C should be five-legged?
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traderWgun ForceFollower
correct, this is how I counted out wave C
snapshot


It could also be that we are in wave 4 correction and would see more downside.
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ForceFollower traderWgun
I see. Thank you. On a weekly chart one couldn't see those wavelets that made up your wave c. Now I see it well.Yes, it looks like a potential start of the larger wave 5. It's just the wave b seems to be too extended in time vs. this wave c. But the wave c looks commensurate to wave a, so your scenario looks perfectly fine.
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