Hello tarders,
I am looking to short CADJPY.
Weekly we are in correction, this could be a 5 wave structure so to have the chance to sell it once more.I will wait for a flag to confirm the short setup.Hidden divergence in place, it seems that the up move has ended.However, if we finally got a 3 wave corrective structure, which means that we won't get a sell setup so possible break up, i will look for a flag to buy.
Shorting looks more promising.
Take care
I am looking to short CADJPY.
Weekly we are in correction, this could be a 5 wave structure so to have the chance to sell it once more.I will wait for a flag to confirm the short setup.Hidden divergence in place, it seems that the up move has ended.However, if we finally got a 3 wave corrective structure, which means that we won't get a sell setup so possible break up, i will look for a flag to buy.
Shorting looks more promising.
Take care
Note
Could consolidate for one more down.Note
Still looking for upside. 
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Related publications
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.