Miska_Fx_Millionaires

CADJPY ( INSTITUOTIONAL SETUP)

Short
FOREXCOM:CADJPY   Canadian Dollar / Japanese Yen
🎖CADJPY - Monthly TF , here on CJ I can see the market was in a downtrend then the momentum shifted from bearish market to bullish after testing the support , currently we have impulse move and we need to see the correction to test back the broken trendline (Structure )before the continuation to the upside , and if you take the FIB u can see that the previous structure is perfectly aligning with the 0.5 and the 0.618 , so on cadjpy i am expecting a deeper correction before continuation to the upside.

Comments

Nicely detailed, mate ;)
+1 Reply
@StevesTradingV, Thanks my g
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well done mate, thanks for sharing
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You very accurately describe it!
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@TradingStat, Thanks my friend , glad i met u
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amazing chart dear Miska :D
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@TheSignalyst, Thanks my brother, i always appreciate your support
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Top stuff my brother
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@Investroyllc, Thanks broskiy
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