4 hour chart for CAJPY shows a bearish wolfe wave being formed. At this point, we have 4 Wolfe wave points formed already and we are in the process of the 5th wave to be created. The dotted trendline is the parallel for TL2-4. Thus, the 'sweet zone' is in the region of 96.285 - 95.25 (Shorting from this region is ideal).
The target levels are 92.29. Stops to be placed based on the entry, with the most ideal stops being at 96.285, if there is a reversal in this region.
The target levels are 92.29. Stops to be placed based on the entry, with the most ideal stops being at 96.285, if there is a reversal in this region.