CADJPY- Still wave 5) above 91.5 in 3 waves ahead after 4) ?
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MARKET COMMENTARY:
1.Presented here the 2 alternate scenario's here. Try to understand them with EW knowledge.
2. In on scenario already completed the bullish trend and we are in the downtrend
3. But in another if it is diagonal pattern there is still one more impulse in 3 wave structure above
91.5 as i shown here.
4. I drew a equidistant channel connecting for wave 2) as well as 4)(yet to make). So, that channel
will took a support for the wave 4) and bounce to wave 5) ?
5. If not it will break and retest that broken channel and will comedown as a bearish trend in daily TF.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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