GerardoTencioCoto

GerardoTencioCoto

please don't take this as an financial advice,I have been learning about patterns, I have put some work hours in to this so I'm here with this idea to share and be open for comments, thanks

GerardoTencioCoto

this pair had a good buy opportunity in the weekly chart, but seems like its struggling to pass resistance, we are looking for short opportunities using 4 hr chart and daily. im expecting a really long downtrend movement so recommend holding positions for the next few days and lock positions once we get to a level you are comfortable with

GerardoTencioCoto

cad/jpy is on a good level, and good opportunity to sell, we are looking to keep the downtrend with the example of this trend line in the 4hr chart, to continue in the daily chart after the break of this level. im not suggesting stop loss for this trade as im using both EMA as a reference points and as long we stay below them I will be looking for short opportunities.

GerardoTencioCoto Updated 

great opportunity on the hourly chart

GerardoTencioCoto

head and shoulder buy opportunity

GerardoTencioCoto

we are getting to a good level of support, in my opinion it could break very soon, look for short opportunities, recommend to use it daily or weekly only, use short time frames to look for breakout of the support levels