trkgrant

cad/jpy bearish for opening of the market...

FX:CADJPY   Canadian Dollar / Japanese Yen
looking to the left
we had a channel break
and completion of a wave cycle

we have a head and shoulders pattern to reset wave cycle
first push down complete
the drawback of that first push also completed the right shoulder at a 618 bounce
the 2nd push down started before close of market on friday
I believe this push will go to around 85.00 or further for about 30 pips
follow the red arrow down

depending on where price is when the market opens
cad/jpy for the sell

as long as price is still at the brown line on my chart, sell
if skippage occurs, price could have already dropped
Then We Wait...
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