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Cadjpysetup

EWT: CADJPY Preparing for 93.84Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave move) - Extended 2.618% of wave 1 Wave ((4)) - Running triangle/running flat - 38.2% of wave ((3)) - Ended above wave (b) Wave ((5)) - Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave. - Wave 3 can end near 161.8% of the 4th wave at 93.492. - Wave 1= Wave 5 at 93.765 - Wave 5 can complete after touching the parallel channel at 93.849. We can expect the following targets: 91.46-92.29-93.849
Long
by forextidings
7
CadJpy could rise 200 pipsThe long-term trend for CadJpy is clearly up, and at this moment, the correction started at the end of October looks done. The pair found strong support in 89 zone, a zone that acted as support or resistance multiple times in the past. As long as the pair stays above this zone I expect a new leg up and the first target can be 200 pips above, at 91.50 zone. A break of this resistance would expose the recent high. Buy dips can be a good choise
Long
by Mihai_Iacob
7