Cadjpy is moving up then will move down breaking out the channel.
Nice drawing, let's see it we can make some money out of it. Pair is climbing to resistance area in a nice channel (which act as a support few time last year - see bigger picture below). Looking at this channel we can see similarity in moving. Currently it's in area for double top pattern, from where it could retrace and then continue its way up to the channel...
Pair: CADJPY Prediction: Long / Buy Target: 84.100
A potential head and shoulders trade shows up as a counter trading opportunity. Will this be a trade for you or you view it as a small bull flag? The trade has been shared to my subscribers, if you love to know my take on this trade's entry, stops and targets, just join us in the community. Like our facebook to find out more: www.facebook.com
CADJPY looking droopy and distributing, looks like a decent opportunity to scalp and see where it goes.
According to current market conditions market overall in the sellers area. Yeah we can see that buyers also came back but failed by creating nice bfakeouts. again buyers try but again failed. this thing indicates again and again prepare for sellers
CADJPY is approaching its support at 81.70 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 82.44 (100% Fibonacci extension, Horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 7.9% where a corresponding bounce could occur.
ORB - Opening Range Breakout This strategy works on all markets - time frame is Day & 1H Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the YOUR chart. When we have a daily trading range that is narrowed than the previous...
Canada Retail Sales Data does not meet expectations. Oil Prices Decline Channel break out and Short Good Luck
CADJPY Sell entry on 82.35 Waitin for your comment
Pair recently broke out channel on 1 hour time frame and can test upside resistance band of 82.50. If pair not able to hold level of 82 can resume downtrend.
Hi, as you can see CADJPY broke the trendline with really strong impulse and now its' making 1h flag above that trendline. The bigger picture looks upside, and that's the reason why I want to buy this pair. It could be a long term trade. On the picture you can see one green line and red line. That's my entry order and stop loss level. TIP: I want to trade only...
We can see the key areas of support and resistance marked with the green lines, and the places price has touched these key areas marked with purple arrows. We can see that a massive candlestick shadow broke out our 80.469 support but came back up and closed the correct side of it, this is a good sign the sellers are exhausted and the buyer have taken over...
USDCAD is approaching our first support at 1.3316(23.6%, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3367 (100% Fibonacci extension ,38.2% Fibonacci retracement ). RSI (21) is also approaching support and we might see a corresponding bounce in price should it bounce off this...
Please refer to the information on the chart for Trade Analysis. Happy Trading. Juff.
Reversed Fib 88.6% & Broke Fib 78.6 Trendline Breakout Targets as described