CAD/JPY: Bearish Reversal – 1,500 Pip Drop Coming!


πŸ“‰ CAD/JPY: Major Correction to 95.00!

πŸ“Š Market Overview

Timeframe: Daily Chart
Market: Canadian Dollar / Japanese Yen
Bias: BEARISH πŸ”΄

πŸ“‰ Wave Analysis

After a five-wave impulse to 117.50 within a rising channel, CAD/JPY is reversing for a deep
correction to 95.00-100.00!

Bearish Setup:

  • βœ… Five-wave structure complete
  • πŸ“‰ Channel resistance tested
  • 🎯 Target: 95.00-100.00 (1,500+ pips)

🎯 Short Setup

Entry: 115.00-117.50
Stop: Above 117.50
Target: 95.00-100.00

⚑ Major Reversal

Five-wave completions lead to significant corrections!

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