FX:CADJPY   Canadian Dollar / Japanese Yen
Hello guys,

here is my chart on CADJPY . Overall, CADJPY is in a beautiful uptrend since that TRUMP ELECTION in november 2016. Retracement been seen for a few weeks now and is about to go back up. We can see the CADJPY is currently going down and will go re-test the previous broken level.

I am not expecting a lower low from the 80.500 level. There is a clear BUTTERFLY PATTERN that will complete around 83.800 and there is also a possible BAT PATTERN that will complete just a bit upper from the last low at 80.500 level. I will have 2 buy limits sets at both pattern completion.

If we take a look at our left we can also see a HUGE inverted H&S . We can see that it would also be a second re-test of the right shoulder! Meaning that big upper movement is in formation.

Let's lock our entry and be patient!

Trade with care,
PC

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