CADJPY bearish setup H4 RR=2

٦ يناير ٢٠٢٠

MACD divergence showing a weakening bullish trend . We have a five count impulsive elliot wave at the D point of bearish Anti shark pattern , price formed the first A corrective wave , and is now completing the B wave at the top of right shoulder of Head and sholders pattern . We might be at the beginninc of wave C , price will probably go down , make a breakout of the HS's neckline and test the 82.7 level
for a sell at 83.578 , SL at 83.993 and TP at 82.719 you get a RR ratio of 2