KVE
Long

CAD/JPY: Start of wave 3 from the 0.618 retracement?

FX_IDC:CADJPY   CANADIAN DOLLAR / YEN
106 1 6
9 months ago
Long at market.

A 0.618 retracement might have finished a possible wave 2...
Target 1: S/R zone or double top at possible wave (1) top.
Target2: 1.272 extension of possible wave 1
SL: below the low at the 0.618 retracement

More risk-averse traders should wait for the breakout (example drawn on chart for reference)!

To keep in mind: Gartley pattern (orange) and possible blue bat in the background (both far from completion!)...
9 months ago
Trade closed: stop reached: Stopped out...
chrisvos PRO
9 months ago
I am entering now, and going BE once it hits the trendline for hopefully a break. Good post!
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