Likely to test hourly support again but weekly support in the way:
CADJPY in long term downtrend. I am looking to sell any pullbacks.
Price breaking key 80.00 level. Which was a strong support level a few years ago. Huge downwards trend. Target 75.005 where price may bounce at this secondary key level.
Most JPY crosses are currently in correction which may or may not extend a bit but I would be looking for a selling opportunity if it breaks out of the current corrective structure.
FX:CADJPY BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
Hey traders! We have a bearish trend in hourly chart and we see a potential bearish Gartley setup. Entry point is @ 87.235 and Stops and targets are given. Do not forget to look at my Santa. Thanks.
CADJPY BEARISH GARTLEY AT 100.50 FIRST TARGET AT 100.20