It seems like CADJPY reacted to the support zone of fibonacci ratio and trendline + 88.0 -> round number. But before buying i'll wait for another retest near the low or another low with a false break. Then, a close above 88.5 ( which is a fibonacci ratio of the bigger swing and the last swing ) Will set CJ to 89.7 zone and 90.5 zone . Best of luck :-)
Whats up guys , Update** For those of you who are in my buy setup , I didn't expect the strong support at 0.764 to be broke . 0.764 is a potential good price to exit my buy position and also take a short to 0.75. So we have , - Breakout of blue trendline ( watch for retest ) - Cross of few other trendline - Fibonacci confluence Good luck !
BTCUSD spiked a strong support zone. If the big up trend will keep going then i believe it is a good place to buy. So i look to buy the retest of 6000 wich is a round number + PA support + fib confluence and to get a low risk position i will wait to buy a false break down on the lower time frame. First Target will be 7000 zone... Best of luck :-)
After the big up trend this pair formed big H&S pattern but it looks like it failed to continue down. After It failed it actually created a bullish smaller h&s pattern . Now It looks like this failure is driving the price up to the 150 zone and 150.5 also looks reasonable for me . Everything is on the chart... Best of luck:-)
As you can see on the chart , support and resistance are marked and future targets for the buyers . I will try to buy the retest of support zone ( marked in yellow ) or the trendline - depends where the reversal will be created. If USDCAD will continue its uptrend it might be a nice low risk and high reward buying spot. Best of luck :-)
BTCUSD is in a strong uptrend and formed a small h&s pattern relative to the trend (soon will be complited). My idea is to wait for more lows to be created near the channel bottom and buy after a false break down near the 6800 zone, hopefully price will rise to the 8000 zone. Everything is marked on the chart. Best of luck :-)