Posible trend.As much as we all want for berish trend to stop i think we all know that it will continue but in more horizontal trend.
Berish
Break of the 4H bullish trend- NASDAQPrice have broken bullish trend line. Now is doing a retracement with low volumen. Searching a bearish movement till S-2.
EURJPY Bearish on important resistance + Advance PatternIf the price go to @118,187 then we have a bearish signal.
That signal is made by previous resistance + Harmonic pattern
USDCAD ShortAnd there it goes again. I'm liking the soft dollar however recent events in Canada could also spark weakness in the CAD. I will continue to monitor this pair as it seek to move close to the Fib of the current move to the downside.
Event Risk
Thursday, May 12, 2016
07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0%
07:30 USD Import Price Index (MoM) (Apr) 0.5% 0.2%
07:30 USD Initial Jobless Claims 270K 274K
07:30 CAD New Housing Price Index (MoM) (Mar) 0.1% 0.2%
Friday, May 13, 2016
07:30 USD Core PPI (MoM) (Apr) 0.1% -0.1%
07:30 USD Core Retail Sales (MoM) (Apr) 0.5% 0.2%
07:30 USD PPI (MoM) (Apr) 0.3% -0.1%
07:30 USD Retail Sales (MoM) (Apr) 0.8% -0.4%
09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1%
09:00 USD Michigan Consumer Expectations (May) 78.1 77.6
09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0
Other Analysis
Berish Bat pattern Looking at the daily time-frame for cadchf , we can see that the pair is making a lower lows then a bullish correction . We have 2 fibs extension and inversion that comes @0.75585 and an abcd pattern completion + a bat pattern .
Is this the end of the bullish trend !!!
Berish Cypher and Bat completion let take both when complete 1:1Berish Cypher and Bat completion let take both
when complete 1:1 Risk to Reward
