Usdsetup
USDJPY H1 ANALYSISHey traders,
This a potential setup forming on the USDJPY H1 Charts.
i have my red trend line drawn which was previously broken.
Looks like price is now coming back up to retest it.
Price action wise - we currently have a pinbar, but we must wait for the hour to close before deciding.
If price can maintain the pinbar or form a strong bearish close, then that would be the signal to go short.
On the MACD we see that bullish momentum is also running out as the bar sizes are decreasing.
This is also the 50% fib level from the previous daily high last Wednesday.
Daily trade analysis and ideas:
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USDCAD H1 SHORT OPPORTUNITY - DOUBLE TOP PATTERNHey traders,
THis is my analysis on the USDCAD for the H1.
We can see a double top formation on the H1 charts.
Price has broken through the neckline and retested.
The neckline is also a S/R if we look at the left of the chart.
RIsk to Reward: 2
MACD also has bearish signs on the H4 with a cross.
An engulfing candle of the 2 previous bars shows bears coming in.
Daily trade analysis and ideas:
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Twitter: forex_dojo
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Website: www.forexshinobi.com
Tiktok: @forexshinobi
ForexShinobi