Hello here we have two possible scenarios for cadjpy
first chart has a falling wedge with demand at the bottom
and supply at the top
the target for the long is also a 61.8 retracement level
Apparently the target for the wedge is also the demand and a 61.8 retracement
level
on the second chart is another wedge and a possible short on its completion.
Target for this wedge ia 61.8 retracement which can possibly form a ABCD pattern
with target as a 1.27 retracement which is also a demand at the bottom
first chart has a falling wedge with demand at the bottom
and supply at the top
the target for the long is also a 61.8 retracement level
Apparently the target for the wedge is also the demand and a 61.8 retracement
level
on the second chart is another wedge and a possible short on its completion.
Target for this wedge ia 61.8 retracement which can possibly form a ABCD pattern
with target as a 1.27 retracement which is also a demand at the bottom