The pair had completed the full pattern and the 5th wave had ended in July 2021. Price went up as expected but it dropped down again to the demand area where I consider it to be part 2 of wave 5.
On the 1 hour frame if the down trend is broken and the price action is created inside the demand zone hopefully with RSI divergence then I think it will go up to reach the 200 simple moving average or swing high or 50% Fibonacci of the last downtrend.
DON NOT ENTER THIS TRADE WITHOUT PROPER MONEY MANAGEMENT, YOU ARE REPONSIBLE FOR YOUR TRADES AND MONEY
On the 1 hour frame if the down trend is broken and the price action is created inside the demand zone hopefully with RSI divergence then I think it will go up to reach the 200 simple moving average or swing high or 50% Fibonacci of the last downtrend.
DON NOT ENTER THIS TRADE WITHOUT PROPER MONEY MANAGEMENT, YOU ARE REPONSIBLE FOR YOUR TRADES AND MONEY
Idea Berkaitan
Price Jumps
Abdulla-yousif
about CADJPY