Fxprotrader
Long

CADJPY Potential Buy Setup

FX:CADJPY   Canadian Dollar/Japanese Yen
190 0 15
CADJPY             is moving in a corrective structure into a channel which most likely it represents a B wave after a small rally (A wave). The safest scenario is to wait for a breakout above this channel something that will signal the end of B wave. We should then wait for a buy setup and go long. A more risky but with great risk: reward would be to have a five waves move into the channel and watch for a buy setup at the end of the fifth wave.

I either case i will update if anthing forms.
Website: http://clivityfx.com/
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out