In this technical blog we’re going to take a quick look at the Elliott Wave charts of CADJPY , published in members area of the website. As our members know we are favoring the long side in YEN pairs. Recently the pair has given us 3 waves pull back that found buyers right at the equal legs area. In the further text we are going to explain the Elliott Wave forecast.
CADJPY H4 Weekend Update 04.13.2024
CADJPY is giving us 4 red pullback against the 108.653 low. The current outlook indicates that the pullback may be evolving as an Elliott Wave Expanded Flat pattern. It’s crucial to observe that the extreme zone has already been reached at 111.168-110.358. We anticipate buyers to emerge in this area, potentially driving a further rally towards new highs or at least generating a three-wave bounce.
Reminder : You can learn more about Elliott Wave Patterns at our Free Elliott Wave Educational Web Page.
CADJPY H4 Update 04.15.2024
CADJPY has given us a nice reaction from the Equal Legs-Buyers zone as expected. We count wave 4 red pullback completed at the 110.854 low. Now, we would like to see a break of the 3 red peak to confirm that the next leg up is in progress. We don’t recommend selling the pair in any proposed pullback, and favor the long side.
Keep in mind that market is dynamic and presented view could have changed in the mean time. You can check most recent charts with target levels in the membership area of the site. Best instruments to trade are those having incomplete bullish or bearish swings sequences. We put them in Sequence Report and best among them are shown in the Live Trading Room
New to Elliott Wave ? Check out our Free Elliott Wave Educational Web Page and download our Free Elliott Wave Book.
Elliott Wave Forecast
Thank you for exploring our Trading Forecast of CADJPY with us. While we provide insights on 78 instruments, it’s important to note that not every chart is a trading recommendation. For our official trading recommendations, join us in our Live Trading Room where we provide actionable insights in real-time. If you’re not yet a member, take advantage of our 14-Day Trial now to access new trading opportunities.
Over time, we’ve honed a reputable trading strategy that accurately defines entry, stop loss, and take profit levels. By joining us, you’ll have the opportunity to learn from market experts and improve your trading skills.
Join us today !
📈 Elevate your trading with Elliott Wave Forecast!
🔍 Explore our expert insights and real-time analysis covering Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs across 78 instruments.
📊 Gain exclusive access to our Official Trading Recommendations in the Live Trading Room, where seasoned experts provide valuable insights and guidance on new trading opportunities.
💰 For just $9.99, unlock a wealth of knowledge and experience with our 14-day Trial. Experience firsthand our proven trading strategy, which accurately defines Entry, Stop Loss, and Take Profit levels, empowering you to make informed decisions with confidence.
👉 Ready to take the next step? Sign up now and seize the opportunity to enhance your trading performance. Click here to start your Trial today!
