So today i'm going to talk about the pair CAD/JPY. On this Daily timeframe, we can see the market consolidating and forming a support level at 78.00 and almost reaching the 80.00 level, after a pullback in 79.00 zone, we can see another big impulse of +300pips. So, after this big impulse i'm waiting for a new pullback in the buy zone wich is the 0.5 fibonacci level from the last impulsive wave and the mid level of the consolidation.
Entry : 80.00 SL : 79.65 TP : 82.00 R/R : 5.71
Let me know in the comments if you have any question.