USDCAD BROKE THE DOWNWARD TREN LINE IT WAS IN HIT A MAYOR S/R LEVEL AND RETRACE AND TESTED AGAIN, NOW IS IN A FLAG FORMATION. I WILL BE WATCHING FOR THE BREAK, MOSTLY ALL AL THE RETRACEMENT HAVE BEEN FOLLOWIN A 0.618 TO .786 SO IF IT BREAKS DOWN ILL BE TAKING MY TARGETS TO THOSE LEVELS, IF IT BREAKS UP I WILL BE PUTING TARGETS TO THE YELLOW LINE AT THE NET STRCTURE
EURJPY CONTINUES IN A DONWARD TREND CHANNEL JUST BEFORE THE MOVE UP IT IT A DOUBLE BOTTOM WICH I THINK IS ACTUALLY A TRIPLE BOTTOM SO IM LOOKING FOR A 618 RETRACEMENT WICH IS ALREADY ALMOST THERE IM PUTTING THE ENTRY A LITTLE BIT LOWER SINCE THAT RED LINE HAS BEEN A RESSISTANCE LINE BEFORE, I DONT KNOW IF ITS GONNA BREAK THE DOWNWARD CHANNEL I THINK ITS...
if i get the 2618 retracement will buy
wait to crooss channel and reverse for confirmation
Double top on top of the structure agresive short without confirmacion putting target on the 618 extension wich is a level of support. and if target is met maybe waiting for a 2618 trade lets see how it goes First Idea.