jeffreyysl

CADJPYD-DAY PINBAR Forming Friday Y180413 -WAIT For Next WEEK

jeffreyysl Updated   
OANDA:CADJPY   Canadian Dollar / Japanese Yen
As of Last Friday Closing. Many Pairs are showing a DAILY PINBAR! ie…
CadJpy/ AUDJpy / GbpJpy / NzdJpy
GBPUSD / AudUsd


BUT do look out on Monday how it will turnout!
CAUTION: Market Moves The Way It Wants To Move !

ANALYSIS: (as of last Friday closing)-Y180413
1- WEEK and Month BAR is still showing up STRONG UP
> So Technically should see TREND Continue Up to FIBS 50% and 61.8%
> Do however Observe Daily Candle Movements for TREND CHANGE !
> Monitor H4/H1 for Higher Highs / Higher Lows etc for trend movements/Changes !!

PIN BAR (IF Well formed as will know by Monday Y180416)
2. Will Then PROBABLY see a Retracement Move b4 Continuation of UpTrend !
> RETRACE back to FIBS 23.6% @ 83.355 zone, & then UPTREND . Well lets see ..IF it WORKS OUT !!

CHEERS be NIMBLE-STAY SAFE !!
Trade active:
H1 Entry !!
LOOK for LONG IF Price Breaks above 85.49
1st TP @ 86.12 ( approx 60 PIPS Profit)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.