Ready for a drop in CADYEN. Hello friends! Along with the idea of OIL/CAD correlation as I explain i

Jesus Asenjo Romo Sun, 07/02/2017 - 15:29

Ready for a drop in CADYEN.
Hello friends!
Along with the idea of OIL/CAD correlation as I explain in USDCAD, I think a posible drop in CADJPY is coming during the next week.
You can see the SELL trading setup according to RSTL strategy. Bearish divergence in triple RSI14 in 60, 120 and 180 min chart, ABCD pattern seems to be completed, and more than 160 candles far from EMA200. Trendline ready to be broken and tested.
On the following days I will wait for the trading setup to trigger my sell trade targetting EMA200, missed daily pivot around 38 fib (84,65), TP2 would be around 50% fib at 84, TP3 will be the missed weekly below around 83,18. StopLoss still open, above the last top before the break of the trendline.
In the Chart I posted at Pinoy Forex Club you can check my Weekly Elliot Count, where I expect an ABC correction of wave 3 of C before riding wave 5 up to 92.25 (Missed 2016 yearly pivot)
Trade safely. If you want to learn how to be profitable, get mentored with Pinoy Forex CLub. Direct Message for info.

Ready for a drop in CADYEN.
Hello friends!
Along with the idea of OIL/CAD correlation as I explain i