Short opportunity after confirmation that longer trend has been broken.
Break trendline and bearish engulfing 4hr candle gives us a nice short setup.
FX_IDC:USDJPY Short USDJPY after the 4hr candle broke the ascending trendline. The setup is also close to the descending trendline, therefor the stop is placed above this trendline at 109.2. Target 107.
FX_IDC:NZDCAD - NZDCAD is in a downward parallel channel and has hit the upper trendline a few times in the last weeks while showing some bearish candles. - It just broke the trendline support showing that there is more downward trend continuation. Shortterm target is the 0.618 fib retracement level @ 0.8900. Longterm target is the 0.8070 support of the lower...