Canadian Dollar / Japanese Yen
Updated

CADJPY - Watch For This Reversal!

1035
CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower.

On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C.

Trade Idea:
- Watch for lower timeframe reversal patterns or trendline breaks
- enter with stops above the aforementioned reversal pattern/trrendline break
- Targets: 107 (300pips), 104.3 (550pips)

Goodluck and as always, trade safe!
Note
CADJPY 12H snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.