This pair is flashing an inminent buy signal. If you look closely, the 1h chart shows an incipient uptrend, moving in impulsive fashion, and 4h and daily show price found support at a previous range expansion zone. I'll be looking to go long on a retracement to 100.035 with a stop under the recent low, target is the weekly uptrend's target. Good luck, Ivan.
a close above 100.35 on the hourly will turn that bullish for me and on the daily a close above 99.85 again further confirmation of your view Ivan so going to support this view worth a buy
IvanLabrie
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Incredibly intense selloff.
Seems like CAD and JPY are the weakest right now though, maybe NZD and AUD, but I'd be wary of shorting those for now.
I'm long USDJPY and short AUDNZD.
Watching cadjpy for more opportunities. Sadly this one didn't pan out.
IvanLabrie
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We will have bearish momentum in the Nikkei for a couple more days:
The dip will be a great buying opportunity.
IvanLabrie
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Interesting correction.
I'm waiting for usdjpy to drop further, not 100% sure about cadjpy right now, but the Yen won't stay strong for long.
IvanLabrie
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It seems like we have an impulsive move, I'll try to go long again on a correction.
IvanLabrie
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If still in this trade you can move stop to break even.
IvanLabrie
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Messy but it did move up.
I got out, I'll study the price action, Yen is still weak.
IvanLabrie
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Correlated setup.
IvanLabrie
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Ok, I placed a 0.5% risk buy at 99.946, stop at 99.591.
IvanLabrie
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Price retraced 0.618 of the previous advance, which was in 5 waves in the hourly.