We have a textbook ending diagonal pattern currently in progress. This is a reversal pattern and is confirmed by the loss of bullish momentum as illustrated by the RSI and MACD. Wait for a bear impulse breakout from the structure before looking for any short trades.
Still looking for the lower target on CADJPY. Price forming a nice zigzag correction after the ending diagonal breakout. We hit the bearish Order Block and any break in structure will be my short trigger.
OF course this is pure guesswork and sheer speculation. Maybe the ATH is already in on Friday. Although futurez are up as I write this, their fair values point to nearly the same prices we saw near the close Fri PM.
I marked this chart idea as Neutral, although it's really short-term bearish and longer-term bullish, until it becomes Bearish again in 2020.
Hold your horses. I also have a bull scenario which in fact is already took effect.
Tho this is subjective. This type of diagonal which I assume is ending should be found between wave 4->5 OR Wave B->C. Or probably a leading diagonal but a 53535.
As long as we break above the resistance area which is on wave 4. THIS FORECAST WILL BE INVALIDATED.
RISK: Very High
Agrello is a plug-in platform with an Agrello interface that allows users to create and manage agreements based on smart contracts that are legally binding, like traditional contracts.
Exchanges:Binance, Mercatox, HitBTC, YoBit
Volume : 24h Binance:DLT/BTC $6,769,194
ICO Start :14 Jul 2017
ICO End :14 Aug...
This is a video which I explain about ending and leading diagonals, and present how we can recognize it.
don't forget to comment if you have any question or anything you want to inlight, I wish to us all a solid trading week!
Hi Guys the FR40 is finally completing the B wave of a bigger flat correction, I have been tracking it for a while , I am anticipating it to break the top before a reversal to the downside.
*Wait for flag then sell the breakout once the trend is broken.
Trade with care
Thank you for your support