Similar to the USD/JPY setup, instead we have a possible bearish cypher forming on the daily time frame . If the pattern completes I'll look for an entry around the 81.00 - 82.00 price level.
AB = 0.382-0.618
XD = 0.786
possible bearish continuation on the cards with a strong break and close below 78.799. first targets will be down at 77.000 then 74.000. if your also using MA's i will also be waiting for a cross to the downside as well for extra confirmation.
This pair is looking bearish after a second retest of support. Will watch to see if a breakout occurs. Will enter trade at around 81.750 and look for first TP of around 80.500. Confirmation from MACD and Stochastics are showing bearish signs too.
CAD/JPY has hit the upper trend line resistance and it appears that we could see a possible breakout. I have set TP for around 85.2 and entry for 84.5. Will watch to see if this breaks and watch the bulls take over.
CAD/JPY recently broke a long term counter trend line only to retrace back up and find resistance at the 61.8 fib level where is has stalled and become congested whilst at the same time touching the 200 MA just short by a pip or two of another counter trend line before being sucked back down into the congestion ...
This pair is approaching the trend line after showing a clear bearish wave. Will be watching to see if this one breaks the trend line or reverses to point C. Trade the break out or watch for the bounce.
CAD/JPY has been forming a support trendline since January and now it is bouncing off of it again. There was a bullish engulfing candle right at support yesterday and a follow through day today. Stochastics curling back from oversold levels has consistently led to short term rallies in 2016. Buy with a stop below ...