SteveNixon

Weekly Forecast CAD YEN

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FX:CADJPY   カナダドル/円
25
We have recently broken out from a daily short channel.
Since then a lower degree ABCDE correction has formed and could now be complete.

Given this and the current price I am inclined to be long on this pair.

It currently appears to be breaking out of the correction - wait to see how it develops and see if it gives us an entry set up.

All weekly forecasts will be updated as they develop - remember to follow to receive them.

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

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