CADJPY LONG - A wave too far

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The power of the CAD continues everywhere and finding a good pullback to trade is the key. The CADJPY has the best sequence at higher degree having made a new high and appearing to trace out a textbook 5 wave advance (yes thats the one i say never happens).

Commodities seem to remain supported and the commodity pairs have a great chance of continuing higher. The pullback appears to be unfolding in t3 wavesbut will be invalid if the trade makes a high above the blue x at 89.11, i would be concened ifit even came close to that level.

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