CHFJPY Short Trade
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Note: This is only for Educational Purpose this is not Investment advice.
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Looking at a possible trend continuation on the AussieYen, we are in a major downtrend which leads me to believe that price made it this far below for the 3rd time, price may very well reject off it's previous swing low and continue to our Daily Support. Let's say price does continue short and price rallies at our support, we can then find Bullish reversal...
Waiting for price to break above this key swap level, our support turns into resistance. Breaking above this resistance would give us a good reason to execute ourselves in the market. Structure / Trend / Candlestick Reading,
Price action in the hourly time frame is showing us that we have a highly probable Head and Shoulder Pattern forming. The way we execute in this Bearish Market, would be to wait for the breakout of support which is our Neckline. Waiting for Bearish Reversal Confirmation at the pullback of previous structure then executing ourselves into the market after the...
We are seeing a slow and miserable downtrend correction.
I am looking for a strong retracement back to the green trend line , and then we wait to see whether or not it will give us a continuation pattern for up side or a fall back down to break the last low.
If you would like me to forecast a specific pair that I have not covered, feel free...
We just recently broke the low of early 2019.
Look for a reversal impulse any time now back to the yellow trend line, and wait to see whether we are going to get a continuation pattern for upside or will it turn out to just be part of the bigger correction before heading back down to break the low again.
If you would like me to forecast a...