In our last CADJPY analysis, we were got an entry at the very top of the ascending correction and CADJPY dropped a massive 500pips with barely any drawdown. See chart below:
Price was still within the ascending correction which is why we made a deep pullback. We are now looking for any shorting opportunities to take CADJPY down for the next few years.
Trade Idea: - Look for shorting opportunities on lower timeframe - Strap in and hold for the next few years - Target 2000pips