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Talking Points:
- CADJPY Technical Strategy: Bearish
- Elliottwave Count: Flat Correction for wave c of b
- Upcoming major events: CAD – Employment Change (Nov), CAD-Ivey PMI (Nov)
We are tracking two count at this moment.
Primary Analysis (Green Direction)
Our primary analysis suggest that we are in flat correction of wave b, and down fall will be part of wave c of b. After having this temporary fall, we might see another leg up towards 94.40 area
Secondary Analysis (Red Direction)
Our secondary analysis suggest that we will experience a triangle trust and can see more downside in coming days.
In conclusion, we are tracking bearish count and have trade open at 92.00 area for targeting initially 90.70-90.60 zone. Once our first target met, we will close half position… Read More
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