GBPCAD followupSo a few days ago i published my analysis on a potential GBPCAD short bias that was just pre CPI data release however i did mention it was quite the risk and i still wanted to see how it would play out and needless to say it took a whole different turn lol.
Not a problem though, its all about probability and the market will always be cooking another setup so we all good!
Trade ideas
CADJPY 4 Hour Analysis (14 June 2023)CADJPY 4 Hour Analysis (14 June 2023)
1. Price is in bullish trend, but it may retest
2. If price breaks KL1 it indicates a strong
bullish strength
3. We can observe bearish divergence with AO
4. If the price breaks trend then we need
to wait for KL2 retest for bearish entry
CADJPY Hour Analysis (13 June 2023)CADJPY Hour Analysis (13 June 2023)
1. We have important levels as KL1 and KL2
If KL1 breaks, we can get some strong bullish
momentum and for KL2 break a strong
bearish momentum
2. But for any directional break. retest
may happen so we need to wait and enter
3. Near the trendline, we can see consolidation
or range, so the range breakout
can be strong
4. Anyhow we have to wait for trend or
range break for entry.
CADJPY Sells An update on the previous analysis done on this pair. The price has broken bullish structure. Currently a head and shoulders pattern has formed to confirm further bearish move. The next step is to break the neckline (which is currently holding strongly) and a retest for sell signals....Lets see how it goes!
Proposed CADJPY 4 HourProposed CADJPY 4 Hour
1. We have a strong Supply zone created
at day level
2. RBR already formed
3. on the basis of this, we can have two paths
Path 1: Yellow - From Base2 to Base1 then to Supply.
Path 2: Blue - From Base2 to Supply then to Base1
4. MACD Traditional Bearish cross
So, we have to wait.
CADJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
CADJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.