CAD/JPY: Start of wave 3 from the 0.618 retracement?
Long at market.
A 0.618 retracement might have finished a possible wave 2...
Target 1: S/R zone or double top at possible wave (1) top.
Target2: 1.272 extension of possible wave 1
SL: below the low at the 0.618 retracement
More risk-averse traders should wait for the breakout (example drawn on chart for reference)!
To keep in mind: Gartley pattern (orange) and possible blue bat in the background (both far from completion!)...
A 0.618 retracement might have finished a possible wave 2...
Target 1: S/R zone or double top at possible wave (1) top.
Target2: 1.272 extension of possible wave 1
SL: below the low at the 0.618 retracement
More risk-averse traders should wait for the breakout (example drawn on chart for reference)!
To keep in mind: Gartley pattern (orange) and possible blue bat in the background (both far from completion!)...
Trade stängt: Stopp nått:
Stopped out...