CADJPY appears to have completed the bullish wave and now we could be at the start of the bearish wave.
We're currently looking to catch the bearish wave once we see confirmation. The confirmation we're looking for is rejection of fib and then break of the red trendline to indicate the next impulse has started.
Trade idea:
- Watch for rejection of fib levels
- risk entry on rejection of fib
- Safe entry on break of red trendline
- stoploss above correction once red trendline breaks
- Targets: 101.6 (670pips), 96 (1150pips)
See below for the weekly timeframe
Goodluck and as always, trade safe!
We're currently looking to catch the bearish wave once we see confirmation. The confirmation we're looking for is rejection of fib and then break of the red trendline to indicate the next impulse has started.
Trade idea:
- Watch for rejection of fib levels
- risk entry on rejection of fib
- Safe entry on break of red trendline
- stoploss above correction once red trendline breaks
- Targets: 101.6 (670pips), 96 (1150pips)
See below for the weekly timeframe
Goodluck and as always, trade safe!
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.