A bearish trade opportunity recently presented itself on the loonie-yen currency pair.
This is indicated by the bearish harami candlestick pattern just below the 110.646 horizontal resistance level.
This shows a rejection of the same resistance level, with potential price move downward ⬇️.
Sufficient downward momentum should see price moving towards the ...
Hello traders,
There is one entry and 2 TPs for this pair.
There is also an alternative short scenario which will be publish if it's goin to be valid.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
This is a follow up to a previous post about a possible breakout setup from this long term descending channel. Did not materialize immediately but is making another attempt this week.
Looking for a weekly close above 81.95. Note that this will also be a monthly close. Should be significant if it happens.
Will look to buy above said level once breakout is...
*Position Update: On 05/05/2015 we liquidated both sides of this correlation trade with a profit of 73.1 Pips while taking advantage of the correlation spread narrowing after the interest rate decision in Australia.
A nice correlation trade is setting up between AUD/JPY & CAD/JPY. The spread in the correlation is currently 200 Pips, over the past year the max...
