38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
If the pair gap-up when market opens, I look forward to selling CADJPY. With lower-low and lower-high established, the pair is ready to continue a downtrend move to the next support level
Wait for a possible retest before going long. Has broken the descending TL on daily/weekly closure, so could potentially be calling for a long. However, on the weekly basis it still has not broken the previous high, so be careful.
TP absolutely smashed with an absolute killer entry. Proud of that one. It makes all them smashed keyboards and headbutting a wall hours on end because words stopped making sense cos i worked so hard worthwhile. Success is a direct correlation to how much you want it. FACT.
Clearly broken downwards channel creating a sort of bullish flag pattern, we've broken off, re tested local support as well as the 50ema making multiple 4 hour rejections, currently longing to top of bigger TF channel.
The Canadian Dollar vs. the Japanese Yen. When a trader is unsure about trading the US Dollar, the CADJPY is often determined to be a suitable replacement. However, the historically higher yield of the Canadian dollar in the past has made the CADJPY more sensitive to market wide sentiment changes than the USDJPY. Also, Canada’s large amount of energy exports, most notable oil, causes it to be affected by crude oil prices.
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