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TradingEW
Aug 2, 2015 8:22 AM

CADJPY - EW setup Long

Canadian Dollar/Japanese YenFXCM

Description

Set up for an impulse wave c up of correction (b) which tend to retrace bet. 50-61.82% of wave (a) in a zigzag (a)-(b)-(c).
With SL placed at invalidation of wave count, R/R > 10.

Longer term snapshot tells PA in the middle of zigzag wave v of an ending diagonal:
Comments
TradingEW
Stopped out and revised wave count, set to break upwards on impulse wave c of correction.

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