CADJPY SELL
I am looking at a long-term sell of CADJPY. I believe it will sell 500 pips to 74.97 and possibly all the way down to 73.94. ((TP = Take Profit)) Each purple line is a point in which you can take your profit from the CJ SELL. This creates smaller short-term sells for those wanting quicker profits. After each TP there is likely to be a large pullback (short-term buy), but we do not trade against the trend. This is just to inform you that you will want to be patient if you are aiming towards the bigger TPs (TP3-TP8) and expect the larger TPs (TP5-TP8) to take weeks. The closer/smaller the TP, the shorter amount of time it will take to get there. Looking at the CJ market, you can see that CADJPY has been in a consistent selling trend for years, so this mark-up supports the trend and consistent pattern.
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