The price far from the 50EMA so wait for some pull up to 34715/ 3474 /34844... Then we will be looking for any suitable candle formation... for confirmation... Before going short... US30 like going up try and be patience for the above scenario to be validated... We can also enter when break below 34715... US30 is very volatile ... Always make Risk management...
So this are reason... Bearish engulfing candle on the S/R zone ... and at 50 EMA. Risk management is the key to profitable trade.
Fundamentally JPY has be strong ... Double rejection on the trend line. We also have double top. Then we also have bearish candle closed. You can enter this trade when market opens. or we wait for breakout... or price to break and reject EMA. So basically we are on shorting opportunity
The trend is reserving ... It will drop it hard when DXY strengthen.
The structure for the CADJPY is in downtrend.... The safest and profit way to trade is looking for shorting opportunities... The current head and shoulder pattern is trend continuation pattern to the downside.
There are a lot of confluence on this pair... With your own analysis trade safe. Let's Gooooooo OANDA:GBPNZD
Price broke out of a channel and did a break of structure. It’s currently retesting the broken structure. If it holds, a sell to the downside would be high probable. We sell when the 15 mins close with a bearish candle.
For educational purpose only. But you can trust my analysis which is always 75% Accuracy.
The post is for educational purpose. Nasdaq is in uptrend. Price the is rejecting the previous resistance. Making if possible for price continuation in uptrend.
Head and should pattern is strong pattern that rarely fails. Let Buy Bitcoin
I love dogecoin so I decided to see how it will obey my analysis. It has touch and rejected the trending for three times and the moving averages. So I decided to go long.
Forming of head and shoulder... If it move up that will be retest. Let see what will happen ... FX:EURCAD
Critics are warmly and coldly welcome. This post is for Educational purposely.
Critics and comment are warmly welcome. Thank. Even though my analysis is already paying out.
This for educational purpose only. Any additional idea are welcome.