High alert. The Loonie on CADJPY could be heading for an about turn. Spot the probable channel and trend switches on this 6H chart.
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There may also be an alternate ABCD in there. Contrary to popular belief, there is not just one ABCD pattern in harmonic theory, but a spread of them. They are not predictive but rather create probabilities.
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Note also that price has penetrated a wide zone of investor Guppies. This creates two possibilities. 1. a powerful reversal for the north, or 2. a powerful probability for rejection in the hot zone. What people want is prediction. Prediction is a myth. Overall I estimate probability is greater for the south at this time (only).