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Charts247TradingAcademy

CADJPY Live Trade

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
Charts247TradingAcademy  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
Trend Analysis Technical Indicators Wave Analysis CADJPY cadjpyshort wavecount wavestructure
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trendanalysis indicator waveanalysis cadjpy cadjpyshort wavecount wavestructure
The CADJPY has been trading strongly since April 26th, 2023. There was a big increase on Friday and it continued today. However, based on our wavecount analysis, we believe that three wave structures have been completed and it's likely a good time to sell. We took a short position at 101.05, with a 10-pip risk and a target of the GM4A (100.64) of the fibo.
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