I think it will come down one more time to 83. Then I'll start waiting for a reversal impulse and correction to place an entry order. I don't have any target for this trade but it can go up big time. We will see the potential.
For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Price is facing bearish pressure from our first resistance and Ichimoku cloud where we can expect a further drop to our first support level at 82.69 (horizontal pullback support, 61.8% Fibonacci retracement). RSI is also seeing a bearish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand...
there are short opportunity when patterns complete
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and...
Most traders don't listen to the market.
They always follow others' opinion in forums or constantly look for trading signal services.
Every day, I will receive at least one query asking about my prediction on certain currency pairs or if I provide signal services.
While declining them, I'm also trying to understand their thought process.
"Why would they put...
View On CAD/JPY (14 Apr 2019)
Back Ground: This pair is starting to show the true intention and it shall go higher soon. It is better to stay with the long side and every pullbacks (or) swings will be another buy-in opportunity.
Target(s): UP 84.7 (TP1), 85.5 (TP2), 87 (TP3)
SHTF: 8.18 as strong support.
DYODD, all the best and read the...
Symbol: CAD.JPY - Canadian Dollar / Japanese Yen
Predicted Direction: Long
CAD.JPY - Canadian Dollar / Japanese Yen updates will be available in the comments section below as price-action develops.
I opened Buy entry above the key level 1.3372
- Price broke up Mirror level
- Daily and 4hour candle close above
That's why I think that the price will make up
Write in comments what do u think about USD/CAD
Tom Hall Market Review #5 - Sunday, 17 March 2019
Canadian Dollar / Japanese Yen
The CAD.JPY (S) was executed on Tuesday, 12 March 2019 after presenting textbook technicals and healthy reward comparative to risk.
Technicals consist of the weekly 84.40 horizontal structure resistance, 50EMA, and 61.80% Fibonacci retracement.
Daily ascending wedge breakout, 84.20...