CADJPY - Top In Place? 🤔

CADJPY appears to have completed the bullish wave and now we could be at the start of the bearish wave.

We're currently looking to catch the bearish wave once we see confirmation. The confirmation we're looking for is rejection of fib and then break of the red trendline to indicate the next impulse has started.

Trade idea:
- Watch for rejection of fib levels
- risk entry on rejection of fib
- Safe entry on break of red trendline
- stoploss above correction once red trendline breaks
- Targets: 101.6 (670pips), 96 (1150pips)

See below for the weekly timeframe

Goodluck and as always, trade safe!

Komen:

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