CADJPY, Bull-Flag-Formation, Here Is How It Completes!

Hello,

Welcome to this analysis about CADJPY, we are looking at the 4-hour timeframe perspectives. As when looking at my chart now we can watch there how CADJPY has formed this main ascending-bull-flag formation with the coherent wave-count in the formation and the waves A to D already completed. Now CADJPY is about to form the wave E in the structure and once the wave-count has been completed and CADJPY also manages to bounce within the 40-EMA in green and the 20-EMA in red this will be the appropriate origin for a breakout above the upper-boundary of the channel and once this is done it will complete the whole formation as a bull-flag. After CADJPY has completed the formation as a bull-flag the upside-targets will be activated which are within the 90 level, once these zones have been reached the situation needs to be elevated anew and CADJPY needs to show if it manages to continue further bullishly or firstly pulls back and reverses which would be also not unlikely, it will be an important development ahead.

In this manner, thank you for watching my analysis about CADJPY and its main ascending-bull-flag-formation with the upcoming determinations to consider, support the analysis with a like and follow or comment for more market insight!
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