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CADJPY Short Trade Idea

204
CJ is currently traveling in a beautiful descending channel and at the very same time creating a 5 wave impulse move.
Waves 1-3 have been completed, and I am currently awaiting the end of wave 4. The law of tendency is at play here as
waves 2 and 4 are forming two different corrective patterns. Multiple targets for the fifth wave as there is always
more than one scenario possible.

Targets:
- 77.550
- 77.200
Dagangan ditutup: hentian tercapai
syot kilat
Nota
Price broke above the AC line and out of the descending channel. This may be a signal to look for long opportunities, provided there is structural confirmation.

Penafian

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