Welcome to this analysis about JPYCAD and the 4-hour timeframe perspectives. As I discovered in my analysis recently JPYCAD has formed an interesting dynamic and recently completed a pivotal formation with further volatilities to show up likely. Therefore, as when looking at my chart we can watch there how JPYCAD now recently completed this whole inverse...
Welcome to this analysis about JPYCAD, we are looking at the 4-hour timeframe perspectives. As I discovered in my analysis JPYCAD has now developed this main triangle-formation in the structure marked with the boundaries in blue and the coherent ABC-wave-count within. As JPYCAD recently bounced in the lower boundary of the triangle this happened with...
And this means we're gonna sink dome more on the yen/loonie pair. No evidence of a flip whatsoever. Momentum dropping, as expected and we are churning ABC fractals one after the other. Anyway, down we go. I have outlined Fibonacci goals in purple, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for...
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
Over the last two days, CAD pairs have started to show strength causing the index to break above a descending trend line. Price seems it is still respecting the months long range this chart has been in. I'll be watching for CAD strength to show in the pairs. As the Index moves to the top of the range, new trends could form.
We can see a clear triangle break to the downside. Price is now retesting that key level and will most likely reject it for a move to the larger timeframe trendline!
Then we might see a bounce off that more important trendline up long term.