nothing is 100% everything is relative but we can guess the possibilities and opportunities due to the power of knowledge.
Divergence between CJ and Oil.
Not the best week really for me, no major losses but lack of set ups, so i have noticed this wedge structure in cadjpy and i am in a long position aiming for the 81 kinda area. 4h looks like swing low, just need a bit of oil bull
Pretty simple here. Buys we need a DAILY break and retest. Sells we need a 4HOUR break and retest. Just be careful, 4hr looks to be forming a bull flag
i present you the chf/jpy 4h low, buy and enjoy.
daily uptrend means we might be able to sneak a bullish entry on this bounce and take some pips
15 min Short on CADJPY CAD weak Small Drop in Crude-Oil Price Strong JPY Looking to short down to ascending trend-line However, currently within support zone (80.0)
Due to sudden collapse of CAD strength looking at the possibility of a nice risk/reward ration of roughly 1:18 here at least of not more. Please also check the CAD dilemma chart which is trivial to UJ Seasonality structural pattern on the weekly chart.
Pullback to weekly zone pending. Enter on 4hr time frame price action confirmation. Use appropriate risk and trade management.
Entry – 82.0 Take Profit – 82.94 – 94 pips Stop Loss – 81.55 – 45 pips Been on a bit of a losing streak with my published trades. Seems like the ones I put out there are the ones that fail, but oh well. Even through there’s plenty of volatility with the trade war and USMCA deal, I entered a CADJPY trade. Daily chart. Looking for a reaction off the 200MA (blue...