The Tidal Shift Strategy has just bought GBPJPY at 129.365. The system recommends entering this trade at any price between 129.101 and 129.629. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 9.158, which suggests that the GBPJPY could be trending upwards.The 14-period...
Pattern: 1W Channel Down.
Signal: (A) Bearish currently as long as the price remains within the pattern. (B) Bullish if the 0.382 Fibonacci retracement level (0.91632) breaks.
Target: (A) 0.88000 (B) 0.94000.
Pattern: Channel Down on 1D.
Signal: Bullish since the pattern broke upwards but need confirmation by a "False" Death Cross possibly after a new dip.
Target: 5.95000 (the 0.618 Fibonacci Retracement level).
CHFJPY Short Trade
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Note: This is only for Educational Purpose this is not Investment advice.
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Hello Traders, welcome to the Daily Forex technical analysis. Today is August 21st, 2019 and we will be taking a look at the U.S. Dollar against the Canadian Dollar. Looking at the 1 hour time frame we are looking for price action to hold at this current 1.328 support and resistance area. If price action can hold this support area we will be looking for an entry...
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