Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (81.45). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
The setup looks perfect enough for the sell side, Can see a potential move to the downside, Always stick with 1-2% risk management. Entry looks good though. Have a great weekend! Cheers.
The pair in a sym triangle pattern from long. and now has reached the horizontal and trendline resistance zone.
making a head and shoulder pattern at top. expecting a retracement to nearest support/resistance zone also a retracement to .5 - .618 fibo levels.
please sell on the close of this 4 hour candle
Hi, The Main point is buy trend
for cadjpy ..serveral time cross for
81.300.Now its confomed for doji pattern
for last week.
2nd confirmation for local 618 move on
80.500
so finally u have to get small lots for cadjpy.
Aim is 84.3
If u like support.
Midterm forecast:
While the price is above the support 77.60, beginning of uptrend is expected.
We make sure when the resistance at 81.75 breaks.
If the support at 77.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A trough...
The counter CADJPY is in the resistance trend line from 25thNovember which has been tested twice at the prices 80.49 and 80.25. Today the counter has made an entry at the price 80.25 and it started moving even more downwards. It’s the right time to go for a short and the bearish trend will continue further. The stochastic indicator curves started...
Price has formed a symmetrical flag pattern, suggestive of a move to the down side.
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. CADJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
