CADJPY bearish setup H4 RR=2
MACD divergence showing a weakening bullish trend . We have a five count impulsive elliot wave at the D point of bearish Anti shark pattern , price formed the first A corrective wave , and is now completing the B wave at the top of right shoulder of Head and sholders pattern . We might be at the beginninc of wave C , price will probably go down , make a breakout of the HS's neckline and test the 82.7 level
for a sell at 83.578 , SL at 83.993 and TP at 82.719 you get a RR ratio of 2
for a sell at 83.578 , SL at 83.993 and TP at 82.719 you get a RR ratio of 2
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.