ok so we have a possible breakout to downside watch this trade use a well proven strategy its broken looks like its about to close down but we are at parallel channel support and trendline support
We have a nice flag pattern forming here looking to go long if we get a break and close to the upside hopefully news can help us out at the same time i will be looking to short this if it break our channel to down side
CADJPY has started to range pretty well before news coming out i would be looking to Sell or Go long depending on the direction of the breakout if we get a break to the upside i will be looking to take profit at daily trendline resistance Join the FxAllStarKlvb fxallstarklvb.blogspot.com www.facebook.com
EURUSD looks like its going into a range so i would buy on trendline break and close TP and SL i would suggest used price action e.i)support and resistance. Join the FxAllStarKlvb message me for deatils or visit my blog: fxallstarklvb.blogspot.com or www.facebook.com
Ok USDJPY has bounced off 4 hour trendline resistance you can see our trend has changed down so we drop to our 1 hour for entry broke our parallel channel up our SL at previous resistance and TP would be support level
We have a completed bullish butterfly at trendline support with rsi showing divergence so I will be looking to go long after I see a candlestick reversal pattern
Price did exactly what thought it would it broke our trend line and it shot down to complete our bullish shark pattern its also at a trendline support area
We have a bullish shark with a potential bearish cypher setting up
What i see potentially setting up here is a bearish bat i will go long at the C point if i see any type of candlestick reversal patterns
Looking to go long the EURJPY short term since I'm looking for yen weakness on CADJPY and GBPJPY
I have been watching this pair closely lately making some nice pips we have a cypher completion in a strong support zone
One of 2 things are going to happen here either price is going to break our trendline and complete our bullish shark or price bounces off our trendline to complete our bearish crab I'm waiting for price to form a candlestick reversal on the trendline and ride the channel up
price is setting up a potential bearish butterfly I'm looking to go long to the butterfly completion
I'm already long on this guys the ABC represents what I think price will do
A lot of reasons to go long on this pair
Long Term analysis on this pair
We have a lot of things telling us that this pair will reverse very soon I also found we have a cypher pattern that has just completed on our weekly timeframe