ChrisLaw1

ChrisLaw1

Cadjpy has been printing highs for some time now, currently price has reached a key resistance level which also aligns with the 50% Fibonacci retracement. I believe a rejection from this level could lead the price to continue to dip lower I'm bearish biased

ChrisLaw1

Price is rising towards the resistance level which is a pullback resistance and also aligns with the 50% Fibonacci retracement. I believe a rejection from this level could lead the price to fall to the support zone I'm bearish biased

ChrisLaw1

Price is falling towards the support level which is a pullback support and also aligns perfectly with the 61.8% Fibonacci retracement. I believe a rejection from this level could lead the price to rise towards the resistance level @1.28621

ChrisLaw1

Price is rising towards the supply zone which aligns with the 50% Fibonacci retracement and the long-term moving average 100. As you can see, the price is also moving in an ascending channel on the H4 timeframe. In my analysis, I believe a breach beneath the lower part of the channel could lead momentum carrying price to the downside. I'm bearish biased. Short!

ChrisLaw1

DXY has reached a very strong resistance level which is an overlap resistance And also lines up with the 38.2% Fibonacci retracement I think a rejection from this level might lead the price to drop to the swing Low support I'm bearish biased.

ChrisLaw1

The price is consolidating above the support level in the H1 timeframe. According to the Fibonacci Retracement, we might see a bounce toward the 130.14 and 130.45, 50.0, and 61.8 Fibonacci levels, respectively. ❌SL: Below the support area Be accurate! The US PPI will be announced in less than an hour!

ChrisLaw1

Price has reached a very strong resistance zone On the H2 time frame As we can see, price is moving in a rising wedge pattern Two ways to enter the trade 1: Sell price with your nearest target at 0.69600 2: Wait for the breakout of the pattern to short price

ChrisLaw1

There are several reasons for that: 1️⃣The price is trading inside the bullish wedge 2️⃣The price is trading above the lower border for the ascending channel Wait for price to react on the lower border of the pattern before you go long on the pair Targets: 0.64600, 0.64700, 0.64900

ChrisLaw1

The price might form a double-bottom pattern soon. If the price breaks through 1919.00, we will buy gold with a target of 1925.00 and 1929.00