CADJPY- Still wave 5) above 91.5 in 3 waves ahead after 4) ?

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CADJPY- Still wave 5) above 91.5 in 3 waves ahead after 4) ?

MARKET COMMENTARY:


1.Presented here the 2 alternate scenario's here. Try to understand them with EW knowledge.


2. In on scenario already completed the bullish trend and we are in the downtrend


3. But in another if it is diagonal pattern there is still one more impulse in 3 wave structure above 

  91.5 as i shown here.


4. I drew a equidistant channel connecting for wave 2) as well as 4)(yet to make). So, that channel

  will took a support for the wave 4) and bounce to wave 5) ?


5. If not it will break and retest that broken channel and will comedown as a bearish trend in daily TF.



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