FX:CADJPY   Canadian Dollar/Japanese Yen
41 0 5
CADJPY             is making a nice flag/trend continuation pattern/corrective structure on the daily for another impulse to the upside. When I break down the structure on the 4 hr             it looks like we just made an "abc" correction within a wave "b" for one more wave down to complete a 3 wave correction. 83 area looks to be a good area to watch for the reversal to the upside as we have 4hr supply with 1.27 fib extension from wave one but from the looks of this correction wave 3 likes to be extended.

Essentally we are watching and waiting for the next impulse to the upside because it has a huge profit potential but i expect one more move down and has a possibilty to be extended.

Related Ideas

United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out