Hi to Everyone,
- CadJpy with short hypothesis: ABCD pattern and breaking of a wedge
Short hypotheses on the long term after the break of the static support on 82.724 which refers to a hypothesis of an abcd pattern after retracement around 50% of the long leg.
Moreover, finding ourselves on the end of the cycle, we can hypothesize, if the price compression identified with a wedge is broken, a short cyclic continuation that could end between 66,207 and 55,237 representing 127% and 161% levels of the retracement of the first movement.
Good Trading to Everyone,
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