CADJPY Elliott Wave Technical Analysis: Expecting uptrend to take control in coming session

We are tracking this pair for long time and still believe that correction is due to retrace previous down-trend. In small time frame, we are expecting  current move is a flat correction while one more leg up required to mark correction complete.

We  are waiting for that to complete before imitating any new short positions. However, there are high portability trade present for long.