Aug 3, 2015 1:25 AM

CADJPY(Daily). Potential Descending Triangle in progress. Short

Canadian Dollar/Japanese YenFXCM

Description

⋅ Aug 3, 2015 1:25 AM

Price broke_Out from Uptrend_Line and Retest.
Potential long term Complex Head and Shoulders forming.
Potential Elliott Wave BARRIER Triangle(ABCDE), Descending Triangle Downtrend continuation, for ABC to Neck_Line/Support. E Wave missing, RSI bullish divergence.

Comments

both_left_hands

⋅ Aug 7, 2015 3:02 PM

looks like it's time to short

PriceActionTrading

⋅ Aug 3, 2015 1:23 PM

same same

FullTimeTrader

⋅ Aug 3, 2015 3:06 AM

Thanks, i also think this pair has strong bearish potential but i want to find an entry point.

⋅ Aug 3, 2015 4:02 AM

welcome. Yes, good point. Lets follow the price action.

TomProTrader

⋅ Aug 3, 2015 1:35 AM

Nice

⋅ Aug 3, 2015 2:52 AM

Thanks Tom.