CADJPY Short now! Perfect channelHello guys, let's look at this perfect bearish channel...
I recommend to short now, there has been an engulfing right now.
Channe
AUDNZD Long Hello everyone.
AUDNZD currently at the bottom of the channel, it's nearing support once gain.
If it holds, long and do watch if it breaks through it's smaller channel which it is currently in.
Take care.
USDJPY ran in the descending price channelUSDJPY ran in the descending price channel on 4-hours chart and the downward movement from 115.50 extended to as low as 110.73. Near resistance is at the top of the price channel. As long as the channel resistance holds, the downtrend could be expected to continue and next target would be at 110.00 area. Key resistance is at 112.89, only break above this level could signal completion of the short term downtrend.
EURAUD is preparing somethingHello everyone, we can see a kind of breakout of 1.45 level, is it false or pullback for a continuation? I can't tell. I need more signal to decide about which direction to take. For now it seems coming back into the channel. if so, I will go short and target the support level for TP, SL somewhere near 1.46
Notice, this level have been holding price for a very long period of time. Since april 2015, price usually test it first. Not easy to break a psycho level like 1.46
Since november 2016, price is trapped between 1.45 and 1.46. For now, no decision have been taken
USD/CAD short reversal Greetings traders!
Currently short; textbook deceleration, doji at strong resistance at 1.34, price at top of a bull channel, MACD divergence, volume decrease.
Hope you share my vision, wish you all happy trading!
