FX:CADJPY Canadian Dollar/Japanese Yen
Wave patterns repeat in any chart over and over again. This daily CADJPY is a great example of this process. Price is in a corrective structure and has broken above a short term downtrend with a sharp move. We should wait for a correction and buy the market aiming to the long term downtrend. At that level we should watch for a sell setup and ideally should wait for this overall correction to be over with a breakout below it.