I think that CADJPY is forming an ABCDE on the larger structure and the smaller one.
The Forcast:
Market is to reach -27.00% or -61.80% aka E wave. From there i wish to see an impulse that will break the yellow structure and then consolidate as a downward flag.
Only after the downward flag structure is breached i will engage is a Long.
Why to wait so long?;
1 ) I have no idea where is the bottom, and i am not going to try to catch it.
2) structure might be wrong (either my counting of the ABCDE structure or the structure type; WXYXZ, 12345, ABC or any other).
3) If the chart is proving my forecast my percentage to trade is successfully will become higher.
Any EW or Trade waving comments are more then welcome:)
The Forcast:
Market is to reach -27.00% or -61.80% aka E wave. From there i wish to see an impulse that will break the yellow structure and then consolidate as a downward flag.
Only after the downward flag structure is breached i will engage is a Long.
Why to wait so long?;
1 ) I have no idea where is the bottom, and i am not going to try to catch it.
2) structure might be wrong (either my counting of the ABCDE structure or the structure type; WXYXZ, 12345, ABC or any other).
3) If the chart is proving my forecast my percentage to trade is successfully will become higher.
Any EW or Trade waving comments are more then welcome:)