Short upon retrace.
Price broke support and created new trench.
I am bearish on this with 3 trenches above, going to take a short trade when price goes back for a LRE trade.
Long at 83,60 yearly pivot, first target the Woodie yearly pivot 84,46 and Camarilla S2 84,46 then Demark yearly pivot 84,93.
looking long...wait for it
Again, we do believe it is another good short opportunity.
Target is again 84.80 -85
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Price has broken that hourly trend line. If price brokes resistance, we can project price till the next resistance level.
larger time frame i see a long trade, lower time frame i see a short trade set up.... since higer time frames matter most i see CADJPY going to 87.5
Price has broken bullish channel. waiting a falling till 0,618 extension of second eliott impulse to go long searching fifth impulse.
CADJPY should take out previous highs 88.9 and then drop below 80 till May.
Watch this trendline, may have a triangle pattern in the works here. Looking for the bulls to take over
Safe and Successful Trading!
XABCD pattern x fibbonaci = fire
CADJPY now at PRZ after the double top pullback on the major resistance
Looking for a RT back to the trench to take a long trade for a LRE
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
Cad-Jpy Butterfly Pattern