CAD JPY

Price has formed AB=CD pattern.
Has made initial push downwards after reaching support level.
Divergent on RSI.
I would be curious if it sets up a 3 drive pattern.

Two take profits identified of support and trendline, each gives 1:6 and 1:10 risk reward if place correctly.

Kommentera:

First take profit was hit with price bouncing up. Price is still in profit.
The bounce was made from structure.

I expect the price to continue falling towards the ascending (blue) trend line and coincide with the falling (yellow) trendline.