CADJPY Long: Bull Flag Rally into Wave-(v)
Updated
Hey traders! CADJPY is producing a nice bull flag and is likely wave-(iv)-of-((c)). That would mean that we have another rally coming before it's time to start looking for shorts. I have target set to the A=C level with SL beyond the point which would invalidate the triangle. Setup is valid unless new highs are made before triangle completion or if invalidation level is breached.
Order cancelled
Price dropped below C on a bearish impulse. HOWEVER, another triangle has presented itself. This trade is active with the same profit target. I have stops set below wave-e terminus:
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