Projecting a further decline on CADJPY as a 5waves sequence or a potential correction pattern A-B-C. We come from a bullish impulse formation, which is now complete. If you take note,* we broke below the momentum trendline, and now we're making lower highs, indicating the trend is ending and changing the trend.
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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.