Bullish Scenario BTCHigher time frame level. Yellow arrows are possible scenarios for bullish price momentum. We are right now in middle of this higher time frame range. And still no signs about bearishness.
Patrading
Big Picture analysis for USD/JPYWeekly chart
- Past 5weeks candlestick bar in range after strong bull 7weeks before.
- Pin Bar formed after retracement.
- Range inside bar with bullish probability.
Daily Chart
- 2x Rejection at daily/weekly Resistance line. 2 events (21/05/2018 & 15/06/2018).
- Clear Sideway Range with 3x bullish pin bar formed.
- Reversal bar formed recently at Daily S1 .
Summary
- Possibility of price pulling back down and push back up to break daily/weekly resistance line.
- Favours towards bull as both weekly and daily shows positive uptrend.
Due to NFP upcoming Friday, it will affect the movement to either break resistance line or continue bear and break daily/weekly S2.
Eur/Usd ranging sideway from bearish movementPrice move sideway range from recent bearish trend. Past few candlestick bar on daily chart shows the pair taking a short breath after strong bearish movement.
We might see a positive opportunity short bull for this pair towards daily 4hrs/daily resistance line.
Hence looking for a affirmative signal to buy this pair.
USDCAD - are sellers hinting towards making new low?As we are on Dollar/Loonie daily chart and as we can see this market has tested the broken range we discussed on 28th of December 2018 (link: ) and on last Friday daily session closing market has made Bearish false break pin bar here with the confluence of long term bearish trend and horizontal resistance level 1.2663. we will be getting in short here. Let's see how market unfolds from here. safe trading!
EURJPY - are bulls ready to continue their track from 134.4?Here we are on Euro/Yen daily chart and as we can see this market is trending higher and we have seen in recent weeks that this market is giving bullish opportunity on pull backs. Again we have the same scenario here. This market has printed Bullish tailed bar in lined with good confluence factors such as Bullish trend, Static horizontal (new) support, 50 ema dynamic support layer and lastly Tailed bar itself. we may getting longs from here. Well! let's see how market unfold from here. good trading!
