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Cadjpylong

CADJPY shaping up for a SELL!Hi Traders, CADJPY has been developing bearish price action recently as impulses & corrections have been forming over again. Looking at the Global situation between Russia and Ukraine, safe haven currencies are strengthening which should push the price to lower boundary of the HTF structure around 89.50. I believe further down side to 87.50 is possible If we get a breakout and another continuation. Follow your trading plan and risk management. Good Luck! Support me if this idea has helped you by clicking the like button. Share your view on this pair and leave a comment.
Short
by ktlfx
1
Short term growth for higher probability SELL setupHi Traders, CADJPY has been showing some short term bullish price action which the previous correction developed into a Pennant structure which price broke out now developing another continuation. Personally I will wait for a few more swing highs and swing lows to form to give the momentum for a short term rise to give us a higher probability sell in the near future. Please support me by clicking the like button if this idea helps you. I would love to hear your view on this pair. Post a comment below. Trade safe!
Short
by ktlfx
EWT: CADJPY Preparing for 93.84Price has completed the C leg of corrective wave Primary ((4)), and the price will march for impulsive wave ((5)). Wave Formations: Wave ((1)) - Leading diagonal - Formed on extreme low - Termination sub-wave 5 is smaller than 3 Wave ((2)) - Zigzag - 50% of wave ((1)) - Ended near the sub-wave 4 of an impulsive wave. Wave ((3)) - Impulse (Five wave move) - Extended 2.618% of wave 1 Wave ((4)) - Running triangle/running flat - 38.2% of wave ((3)) - Ended above wave (b) Wave ((5)) - Wave ((1)) was a leading diagonal, so wave ((5)) can't form as a diagonal. It will be an impulsive wave. - Wave 3 can end near 161.8% of the 4th wave at 93.492. - Wave 1= Wave 5 at 93.765 - Wave 5 can complete after touching the parallel channel at 93.849. We can expect the following targets: 91.46-92.29-93.849
Long
by forextidings
7