π CAD/JPY: Major Correction to 95.00!
π Market Overview
Timeframe: Daily Chart
Market: Canadian Dollar / Japanese Yen
Bias: BEARISH π΄
π 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:
- β Five-wave structure complete
- π Channel resistance tested
- π― Target: 95.00-100.00 (1,500+ pips)
π― Short Setup
Entry: 115.00-117.50
Stop: Above 117.50
Target: 95.00-100.00
β‘ Major Reversal
Five-wave completions lead to significant corrections!
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- 09/02/2026in Forex, Market Insights
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