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Observe chart and please comment with thoughts and ideas. Thank you. Previous ideas attached
The price at the resistance of a weekly downtrend + it's at a supply area in the 4H TF and from a daily perspective the price is at the resistance of a trading range
Evening Traders, Today’s analysis – CADJPY- trading below local S/R where further downside is probable, Points to consider, - Price Action Impulsive - Local S/R Resistance - .618 Fibonacci Confluence - Oscillators bearish control - Lower Local S/R Objective CADJPY’s immediate price action is trading under local S/R that is in confluence with the .618...
Structure broken to the downside forming lower low. previous high failed to break signaling the bears are stepping into the market to drive prices lower to break the previous low .
-Rejection from an supply zone. -Making a head end shoulder pattern. -Rejection from paralell pattern. -Broke end retest from trend line. - pulled back 61.8 fib. NOW TIME FOR ENTRY
Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later. A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters. The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this...
CADJPY Overall trend is bullish. Yesterday with the daily close has confirmed a break of a zone showing more bullish momentum is coming. I will be looking for a pull back on the LTF and entry confirmation before take the long position. Currently on CADJPY 84% of traders are in sell positions 16% of traders are in long positions Side note: DON'T BE THE MAJORITY
I am expecting CADJPY to retrace to my 50 MA at least. its selling off my resistance zone price 82.105. after the retrace im expecting a buy to resistance zone price 83.242 and long term to resistance zone price 84.653
We have 3 Strong Signals here the 1st one is the Good Divergence with the Resistance Levels there + The HMA Signal + the great red candle
CADJPY has a head and shoulder probability on the sell-side. expecting an 80 + pips downtrend on multiple days
Gbpjpy just form head and shoulder waiting for price to break neckline and