CottonTails

CottonTails Updated 

I expect a potencial Fake breakout to the upside, thats why I will be looking for a short at around 136.300. Please remember, that this is just a trading idea and as long as we dont have any kind of bearish signs, I will not enter.

CottonTails

I expect the chart to finish the rejection to the neckline of the formed W-Pattern before taking off to the target shown in the chart

CottonTails Updated 

MArket has touched 61.8 Fib. Wait for further confirmation before entering the market. RSI H1 and H4 overbought.

CottonTails

Be aware that there is another major resistance coming which is also in confluence with the 61.8 Fibonacci. For now it looks like the market has broken the neckline of the W-pattern. Might be a Fakebreakout in order to trap Bulls. We will see how this will play out during the next week. Do not enter with a sell without any confirmation.

CottonTails

For now it looks like CAD JPY might break its smaller resistance. Be aware, that there is another major resistance coming which is also in confluence with the 61.8 Fibonacci. In case market hits the retracement, it might look like a W-pattern which has broken the neckline. Be aware it might be a Fake breakout in order to trap Bulls. We will see how this will...

CottonTails

We might see some nice movements to the downside now. Trendline was broken.

CottonTails Updated 

Wait for a breakout and confirmation . I expect strong possible bullish move.

CottonTails

Price has developed an overextended W-Pattern and touched the 78.6 Fibonacci. JPY gets stronger and overall we started a bear market.

CottonTails Updated 

USD/JPY almost reached the golden ratio. Great buy opportunity. Keep a close eye

CottonTails

BTC touched the 0.5 Fibonacci Retracement. We might see a touch or a break of the Uptrenline. Keep an close eye on the chart.

CottonTails Updated 

USD/JPY is in a strong uptrend on higher timeframes. After a 0.5 Fib retrace on the weekly , the chart seems to be exhausted for more shorts. Also the Downtrendline on the 1H and 4 H Chart has been broken for a movement to the upside again. RSI on H4 is oversold. I will wait for a 78.6 Fib retrace and a retest of the DTL before entering a possible buy position.

CottonTails

We saw a nice sell opportunity after the chart touched the 0.50 Fibo on higher timeframes. Now the price has almost touched our first target, but has not finished yet. I wait for another entry (look chart).

CottonTails

Here is my full analysis von the CAD/JPY Pair: -Monthly hit a Resistance. -The 4H UTL was broken and retested before. After that we saw a sharp movement to the downside. -After a 61.8 Fib retrace and a double top formed, traders had the possibility to re-enter the chart with a sell again. -Now I am expecting more correction to the upside, since the RSI is...