CADJPY is nearing the completion of a bearish Gartley pattern. The Gartley PRZ is confluent with pitchfork support. A completed bearish Wolfe Wave adds to the bearish bias. RSI and MACD are showing bearish divergence moving into the PRZ. SL is placed above point X of the Gartley pattern and a cluster of pivots lies below price, providing a nice target.
Confluence in the PRZ:
Bearish Gartley pattern completion
1.272BC projection
AB=CD pattern completion
Pitchfork resistance
Bearish RSI divergence
Bearish MACD divergence
Unhit weekly and monthly pivot clustered below price
Bearish Wolfe Wave complete
Pitchfork Resistance (D1 TF):
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