Even i believe this pair would be go SHORT on daily graphs and long term, i should catch some opportunities on short term like this one..
I believe that USD will gain strenght on following days againist CAD..Let's see with the support of waves and the patterns.. There is a good base has been created right now and i don't know if it would be a doji continuation or a reversal but it is higly a small reversal base to complete wave 2 of down trend that i imagine and follow. Aim of this setup is jumping...
Strong rejections and its getting stronger after every rejection..
Simple Elliotwave for EURJPY Educational..
There are stong evidences about eurjpy to go long via harmonics and elliot..
Here you see 2 trendlines. The most important aspect is if price would break one of them. If it breaks the falling trendline up, then price would go up to C zone just i need to be carefull about fakeouts at Level B. If it breaks the rising trendline down, then price would go down to A zone. Either way the pattern is valid till now. Let's see what is gonna happen