CADJPY
CADJPY is forming a 1-23 correction on the 4HR. I see two possibilities for shorts next week.
1) Price can fall through now making the correction a contracting flat.
2) Price can make the third wave bigger to pass the first wake to make a 1-2-3 flat up to ascending trendline and the for price to fall from there.
1) Price can fall through now making the correction a contracting flat.
2) Price can make the third wave bigger to pass the first wake to make a 1-2-3 flat up to ascending trendline and the for price to fall from there.
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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.