AUDJPY BEARISH SEASON Considering the structure of audjpy, the market looks bullish in a lower time frame but, scaling upward to 4H and Daily time frame, it is clearly showing that the bullish pattern is mainly to take off the liquidity gap in between the prices. Considering a trendline analysis as well, the market shows a downward pattern with 3-4 confirmations on the trendline. Therefore, I'll rather look for a good sell entry after the liquidity gap as been taken off completely. The only buy confirmation I can agree with is if the price break the trendline and the order block then form a bullish engulfing candles.
Bolemsofficial
USDJPY retracement and bearish continuation The structure of the market shows that USDJPY might tends to take out some liquidity gaps in between the demand zone over there and convert the demand zone to a supply zone but, if the bullish market tends to break the demand zone then there’s higher probability of bull again.
CADJPY Bearish confirmation The structure of cadjpy as given more than three bearish confirmation for bearish, The resistance line is currently given a rejection, the market formed an head and shoulders structure, the market broke a bullish trendline as well, so for this reason, I have an 80% bearish confirmation because the price action is giving a bearish signal as well.
This is not a financial advice!
Don't forget to DYOR as well
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USDCAD in bull run Using a Fibb retracement indicator, I discovered that ucad is forming an higher highs and higher lows to take off the bearish liquidity that happened in December 2021. And, considering the Fibb trend, it look as if the higher highs and higher lows formed an edge. Considering what I’m seeing on my chart, I’m expecting a bullish move from UCAD after the current higher low.