CAD/JPY Harmonic and Wave analysis.

From a Harmonic perspective looking for one more push down for a completion of expected Gartley which will give us nice long opportunities if it is confirmed. From Wave perspective we are in the 4-th corrective wave which is forming some kind of ascending triangle more likely before last impulse leg down (5-th wave). Currently price is consolidating in this narrow area expecting to break. I will be looking for a break down before selling. If price breaks up for some reason then probably we will be correcting in a more complex structure. Regardless of direction of the expected break out I will be looking for shorts only for completion of Gartley. The reward has a potential of 250 pips in aggressive entry and up to 200 pips after a conservative one (last red arrow) and can be fulfilled by the end of next week.
Good luck!

Zlecenie aktywne:

Trade active - DT Neckline retest.

Transakcja zakończona: osiągnięto poziom stop:

SL reached -34 pips :(