The CAD / JPY
my favorite this days , for 1 reason i see it very logical ,, after the hard move down on the eur and then the AUD took the lead of the most weakened currency against the dollar , i m seeing the CAD taking the lead next for the most weakened against the dollar within the next few weeks.
i have been able to do very successfull trades on that chart cause it shows some clear and easy reading Elliott Waves , the reason why i assume a bigger fall next on that chart more than the AUD and Eur , is that the AUD AND EUR broke ther spike down lows long time ago and went hard into the end of wave 3 down and into wave 4 correction up ,, the CAD didnt break this lows yet to form a possible ending of wave 3 which points to a more hard downside to emerge to break the lows with some distance to forme a wave 4 not overlaping with wave 1 down then in to the finaly wave down.
i m stalking a trade on that chart with the possible resistance shown on the chart , a break of the low will be a strong signal for short as well , will be updating the blog here with possible enteries