Hello,
Welcome to this analysis about JPYCAD and the 4-hour timeframe perspectives. As I discovered in my analysis recently JPYCAD has formed an interesting dynamic and recently completed a pivotal formation with further volatilities to show up likely. Therefore, as when looking at my chart we can watch there how JPYCAD now recently completed this whole inverse...
Hello,
Welcome to this analysis about JPYCAD, we are looking at the 4-hour timeframe perspectives. As I discovered in my analysis JPYCAD has now developed this main triangle-formation in the structure marked with the boundaries in blue and the coherent ABC-wave-count within. As JPYCAD recently bounced in the lower boundary of the triangle this happened with...
.236 has been hit on this daily timeframe
Similar downward patterns have formed on this timeframe
The prior .236 touch hit and resulted in a bullish rebound
Will this touch be the same or different? Price could either result in a rebound or trend bearishly down the second diagonal red line
And this means we're gonna sink dome more on the yen/loonie pair. No evidence of a flip whatsoever. Momentum dropping, as expected and we are churning ABC fractals one after the other. Anyway, down we go. I have outlined Fibonacci goals in purple, invalidation is in red if shown. This is a hobby to share my ideas with you, so do not take anything I ever say for...
Hello Tradingview... Here we have a multi year inverse head and shoulder pattern that has broke out to the upside. I am posting slightly ahead of schedule as the monthly candle has not closed. In anticipation of the candle closing above the neckline we can position ourselves in this trade early.
I have zoomed in specifically to this decade long consolidation...
Downtrend seems to have lost steam looking at the multi timeframe divergence. Daily Kijun acting as a magnet here.
Stop buy @ horizontal level & TP @ target 1 (12000) and 2 (12050).
How I traded JPYCAD, then closed at break-even when market direction moved against my trade.
Audio will be improved in the next post, net connection issues toward the end of this.
JPYCAD is clearly still in early stages of its development and has just started an uptrend after hitting the bottom of the current trend/channel line.
You do not want to miss this huge buying opportunity. I have entered my longs and I went heavy on this one, you really cannot go wrong on this trade. Now if only every trade were this easy for me ...
DISCLAIMER;...
JPYCAD is following the above channel so time your entry right with your longs on a lower time frame.
Also be prepared for a break in channel at some point, but a long while away until channel finishes forming.
Breakout from forming channel when it eventually occurs will be to the downside.
Warning; trading comes with risks, trade safely and within reason....
on the jpy/cad weekly, I see price in a downtrend while retesting resistance zone several times which shows price isn't willing to break out and go strong.
Drew up ascending trendline to show the last impulse up before market decides to drop in rate. News also came out which has shown unemployment rate has dropped from 2.5 to 2.3 which indicates that interest...
Strong bullish Candle and then pull back to support:
Enter in the current price and it will easily go to 618 level!
Price : Current
SL: Below the red pin bar - .01182
TP1 - .01194
