CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower.
On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C.
Trade Idea:
- Watch for lower timeframe reversal patterns or trendline breaks
- enter with stops above the aforementioned reversal pattern/trrendline break
- Targets: 107 (300pips), 104.3 (550pips)
Goodluck and as always, trade safe!
On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C.
Trade Idea:
- Watch for lower timeframe reversal patterns or trendline breaks
- enter with stops above the aforementioned reversal pattern/trrendline break
- Targets: 107 (300pips), 104.3 (550pips)
Goodluck and as always, trade safe!
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CADJPY 12H
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