The CADJPY has corrected nicely to the upside after a break below a Momentum Low yesterday. The idea is that, after a momentum move completes, the price will make a structural pullback.
We have seen a structural pullback followed by an internal trend-changing pattern.
Entry short: 114.55
Fibonacci Targets: Drawing the Fibonacci in the direction of the impulse wave.
T1:113.77
T2: 113.37
STOP LOSS: 114.75
We have seen a structural pullback followed by an internal trend-changing pattern.
Entry short: 114.55
Fibonacci Targets: Drawing the Fibonacci in the direction of the impulse wave.
T1:113.77
T2: 113.37
STOP LOSS: 114.75
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.