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CADJPY Correction Completion, Look for sell now
Canadian Dollar / Japanese Yen
Short
CADJPY Correction Completion, Look for sell now
By jojofang0901
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Updated
Jul 23, 2020
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Jul 23, 2020
Hello everyone:
Similar like other JPY pairs, I have been talking about CADJPY for weeks now.
The overall structure is complete in my opinion, and we can expect to get the next bearish impulse down to the bottom of the structure.
We see the last bit of price action, forming a ascending channel, breaking above the higher time frame structure, but in a corrective way.
Then a bearish impulse on the lower time frame, breaking out of the channel, can indicate the beginning of the next bearish run.
I would wait for lower time frame continuation correction to develop and add in the sell.
thank you
Jul 23, 2020
Comment
Lower time frame:
Jul 24, 2020
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Parallel Channel
patterns
priceaction
structure
Wedge
jojofang0901
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