CAD/JPY Analysis Bearish Prediction
It looks like CAD/JPY rally is almost over. Price created what i believed is a corrective pattern ABC in which C is an impulse ending diagonal.Theory states when an ending diagonal is formed and hit bottom or top, a big reversal is coming, probably to the beginning of the same wave or lower. On the daily Chart price action is getting closer to a very strong resistant levels 100 200 MA and 200 EMA