TradingTipster
Short

5 wave sequence in CADJPY

FX:CADJPY   Canadian Dollar/Japanese Yen
21 0 0
Someone has probably already spotted this trade but the basic 5 wave sequence is apparently forming in CADJPY             . As you can see wave 2 retraces to the 38.2% level of the first wave and wave 4 retraces to the 61.8% level of the 3rd wave. The 3rd wave is also the 200% expansion of the first wave. My target (wave 5) would be the 127% expansion of wave 5 seeing as how the 5th wave is supposed to be the short.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out