Dale_Ansel
Long

CADJPY - Possible Reversal - LONG

FX:CADJPY   Canadian Dollar / Japanese Yen
125 2 2
Some good things happening here:

1. Downtrend breaks long-term support.
2. Strong bullish candles come back up through support area .
3. Come back down to retest old support area and bounce.

This pair was also using the 34-EMA "Low" (Red) as dynamic
resistance during the downtrend, now the 34-EMA "High" is providing
support.

The current price is hovering around the .618 fib line....

Lets watch for a continuation past this area and it a BUY.
Thank you for that chart !
I think it also would be wise to wait few candles after this break to make sure chart will not bounce back, how do you think ?
Reply
Dale_Ansel Grzegorz_Szafranski
Agreed =)
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out