Canadian Dollar / Japanese Yen
Long
Updated

Possible big up move

108
Possible up move "all the way up" to daily trend line.
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Daily Chart

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Up
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Price moving perfect. Possible correction all the way to 61.8%

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My Idea is : Pick one currency pair randomly and track algorithm according to elliot wave movement. I have been monitoring CADJPY currency pair for almost two weeks now and its proving that the price action moves in waves like elliot said. So this is just another prediction according to text book. My emphasis is on fibonacci clusters. As shown on chart fibonacci extension of wave 3 is almost perfectly aligned with fibonacci retracements so this 5th wave can end anywhere from 38.2% retrecement and 161.8% extension to 61.8% and 261.8% extension.

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More Down move possible if price breaks flag formation.

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