Possible short trade setup being formed. This analysis is based on trend lines , price action and support/resistance zones. Enjoy!!!!
possible bearish continuation on the cards with a strong break and close below 78.799. first targets will be down at 77.000 then 74.000. if your also using MA's i will also be waiting for a cross to the downside as well for extra confirmation.
This pair is looking bearish after a second retest of support. Will watch to see if a breakout occurs. Will enter trade at around 81.750 and look for first TP of around 80.500. Confirmation from MACD and Stochastics are showing bearish signs too.
CAD/JPY has hit the upper trend line resistance and it appears that we could see a possible breakout. I have set TP for around 85.2 and entry for 84.5. Will watch to see if this breaks and watch the bulls take over.
CAD/JPY recently broke a long term counter trend line only to retrace back up and find resistance at the 61.8 fib level where is has stalled and become congested whilst at the same time touching the 200 MA just short by a pip or two of another counter trend line before being sucked back down into the congestion again. this is a trade that i am already in after...
This pair is approaching the trend line after showing a clear bearish wave. Will be watching to see if this one breaks the trend line or reverses to point C. Trade the break out or watch for the bounce.
CAD/JPY has been forming a support trendline since January and now it is bouncing off of it again. There was a bullish engulfing candle right at support yesterday and a follow through day today. Stochastics curling back from oversold levels has consistently led to short term rallies in 2016. Buy with a stop below the support line.
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Hello Traders, Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be...
A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
Bullish Crab, target is set at the 38.2% retracement. If we go through that look for it to tag the 61.8% retracement.
The consolidation in CAD/JPY reflects the volatility and circumstance in the oil market. Crude oil is nearly $50 as I write this post with the Fed’s easy money policy helping price along. Once the euphoria associated with this announcement subsides the reality of oil overproduction by Saudi Arabia and others, the weakness in global demand and the increased...
Falling oil and the need for a haven currency sends this pair lower near term. The BOJ target is attainable according to chairman Kuroda without further depreciation of theYen.