CADJPY: Projecting Corrective Wave (C) & impulsive wave 5
Hello Traders,
Here is my outlook on CADJPY.
Based on the current analysis, CADJPY has completed wave 3 and it's currently undergoing a corrective wave (b) within the larger wave (4) structure. The upcoming movement is anticipated to initiate a downward trajectory in wave (c). Subsequently, a rally is expected to conclude a larger degree wave (5), which is part of the impulsive wave pattern. The projected price region for the completion of wave (c) is estimated to be within the range of 102.884 - 102.355.
It is crucial to note that the analysis would be invalidated if the price drops below 101.797. In the event that wave (5) is not truncated, it is anticipated to exceed the termination point of wave (3) at 104.903.
Here is my outlook on CADJPY.
Based on the current analysis, CADJPY has completed wave 3 and it's currently undergoing a corrective wave (b) within the larger wave (4) structure. The upcoming movement is anticipated to initiate a downward trajectory in wave (c). Subsequently, a rally is expected to conclude a larger degree wave (5), which is part of the impulsive wave pattern. The projected price region for the completion of wave (c) is estimated to be within the range of 102.884 - 102.355.
It is crucial to note that the analysis would be invalidated if the price drops below 101.797. In the event that wave (5) is not truncated, it is anticipated to exceed the termination point of wave (3) at 104.903.
Trade closed: target reached
