CAD/JPY Technical Analysis Possible Long
Cad yen has created what I call the Setup 1 Pattern.
We can clearly see wave 3 and 4. Wave 4 is a flat boxed region
Target area is clearly visible
Daily Chart is offering a Pullback #Entry Long
Back into the Box highs and then later the 3rd target is the high of June
The daily chart has a nice little pullback within an uptrend.
Daily Chart seems to be in its Wave 5 up
This H4 chart Is in wave 4 ... breakout of the box high will take it into Wave 5
Wave 5 will terminate between 81.10 to 81.80
We can clearly see wave 3 and 4. Wave 4 is a flat boxed region
Target area is clearly visible
Daily Chart is offering a Pullback #Entry Long
Back into the Box highs and then later the 3rd target is the high of June
The daily chart has a nice little pullback within an uptrend.
Daily Chart seems to be in its Wave 5 up
This H4 chart Is in wave 4 ... breakout of the box high will take it into Wave 5
Wave 5 will terminate between 81.10 to 81.80
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