Spitfire88

CADJPY Short position - first Idea published - please comment

Short
FX:CADJPY   Canadian Dollar / Japanese Yen
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So this is my first published post and I'm looking for comments on the analysis. B broke through .786 so I'm not sure if this is a valid pattern. It also looks like a possible Elliot wave forming as well. RSI and Stoch RSI are overbought and MACD is showing a cross towards the downside. I've picked a take-profit at 38.2

I'm looking for feedback on the analysis please. I'm new to trading so any constructive criticism is very appreciated!
Comment: This is based on Trading Jazz's idea with the elliot wave thrown in. Forgot to add when first posted

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