We've had a bearish impulse and it seems like it's correcting at the moment and setting up for another impulse downward. The dollar seems to be bullish with all the news. Good luck :)
We have finally broken the Rising Wedge Pattern. As you can see it had a hard time breaking the 80.50 level for 12 hours so it's safe to say that it's a resistance level. TP @79.50
Looks like we're in a bearish trend. We're forming a bearish flag by the 4hr trend line. Wait on the break out of these 2 before entering short. Good luck :)
I expect a pull back to the 1.2000 level before we move forward. A pullback is required for a healthy trend. Also looks like we're forming a evening star pattern which is a good indication of a trend reversal. As you can see it's been rejected for 2 weeks now. Good luck :)
As you can see we have been in an uptrend for a while. We have also had very bullish momentum for the pound. I also am very bearish on the dollar. I expect this pair to be pushing higher. The trend is your friend :)
We broke an area of support and its acting as a resistance at the moment. We also could see that the .618 fibonacci level is being respected and supported by a rising wedge pattern. Also the dollar is weakening so it looks like a good sell setup!
Expecting more downside movement on CADJPY. As you can see we have broken the trend line and have retested and has been rejected. We are also forming a head and shoulders pattern which is an indication that the reversal is coming. If you are currently selling hold! if you are not, enter on the retest of the neckline :)
