CADJPY Long Trade Setup
Hello Traders
My forecast can be wrong here if USDJPY makes a strong upward movement as I expect, but what is my forecast here is a pretty big C wave for a complete regular flat. That being said, one more upside seems possible after the 4th wave for a complete regular flat in the B. That's why I want to take a long trade and to do that, I'm waiting for a correction after the reversal impulse. I'll hedge my trade when the previous high is broken.
Trade with care.
Bulent
My forecast can be wrong here if USDJPY makes a strong upward movement as I expect, but what is my forecast here is a pretty big C wave for a complete regular flat. That being said, one more upside seems possible after the 4th wave for a complete regular flat in the B. That's why I want to take a long trade and to do that, I'm waiting for a correction after the reversal impulse. I'll hedge my trade when the previous high is broken.
Trade with care.
Bulent
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