EWT: CADJPY Preparing for 93.84

Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)).

Wave Formations:

Wave ((1))

- Leading diagonal
- Formed on extreme low
- Termination sub-wave 5 is smaller than 3

Wave ((2))

- Zigzag
- 50% of wave ((1))
- Ended near the sub-wave 4 of an impulsive wave.

Wave ((3))

- Impulse (Five wave move)
- Extended 2.618% of wave 1

Wave ((4))

- Running triangle/running flat
- 38.2% of wave ((3))
- Ended above wave (b)

Wave ((5))

- Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave.
- Wave 3 can end near 161.8% of the 4th wave at 93.492.
- Wave 1= Wave 5 at 93.765
- Wave 5 can complete after touching the parallel channel at 93.849.

We can expect the following targets: 91.46-92.29-93.849

Comment:

Trade closed: target reached:

CADJPY has reached first target of 91.46.

Trade closed: target reached:

CADJPY has reached 2nd target of 92.29.