The alert on short for USDCAD from early this week is doing very well! It's now entered the green triangle zone for the breakout where I expected it to journey towards. If you are just entering now, make sure to get a prime good entry and if you are in it, have a stop loss in profit!
Short on the USD/CAD; we see a good consolidation from the weekly trend lines and also support/resistant lines. I believe it's going to end up breaking that bottom last wave of bulls (trend line) and then journey into the green zone.
Been in this since beginning of the week and still going down well.. the black line represents the strong line from Brexit that has show to cause a lot of activity when price action occurs around here.
USD/JPY has been hovering within the triangle structure for the past week awaiting FOMC and BOJ updates. Big Opportunity lurking. TREND CONTINUATION - Await Price action upon close of the daily candle below the triangle structure. - Enter short with TP 1 @ 100.00 Trend BREAK - Break of the Upper Red Line and Triangle Structure --> Massive Uptrend....
Fib retracement from the bottom of 2 to the next high, prices are bouncing from the 50% level Also, daily trend line touch for 3rd time, making the trend line respectable.
Potentiol Cypher bullish Pattern-LONG position USDCAD 4 Hour Taking profits at a 382 retracement and stop loss below X leg.
Last idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
shorts price rejected by 61.8% fib expecting bearish momentum price to fall to 0.70000
A clear wedge formation could be seen forming on EURUSD. As prices fail to make higher highs, prices are currently moving lower. I suspect that the pair will break below 1.0813 support to make lower lows in the near future. However, it also does have opportunity to go higher as well, so be cautious. Please leave a comment and feedback on my ideas and be sure to...
With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas short @ the stop of 1.5200 stop @ 1.52381 t/p @1.5099 Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......