just an idea for a short sell opportunity on a longer term, if your looking for a short term opportunity i would buy now and take profit at 83.85 on the fundamentals the JPY had household spending which was below expectations and forecast, at the forecast was so untill our next calendar event for JPY which is bank lending and current indicator on January...
this is the perfect spot to buy and take profit right below the higher timeframe ascending triangle we broke out of yesterday. it is now 11:13am EST
just based on pure technical analysis the chart appears to be in a moving away from a a strong support.
based on the trend EUR/USD FX Futures is following my forecast is it will follow the same path, due your dd and use stop loss.
double bottom pattern, reversal buy to the upside.
buy now, GBB/CAD looks to be in the process of following a channel trend, currently we are sitting on support, this analysis in based purely on technical analysis please do your DD on the fundamentals for extra assurance if you wish to be firmly positive on your move.
based on its bullish fallish wedge pattern on the 5 minute time frame we are moving bullish now. good place to buy. I reccomend waiting for a breakout of the pattern on a bullish direccion to confirm once it breaks the patterns resistance buy on the pullback/retest of resistance which would now be its temporary support.
based on pure technical analysis currently it appears to be bouncing off 4hr support heading towards resistance at 1.13630 however id wait for untill it crosses 1.1300 level for confirmation.
SELL, ......semptember,Ecko, Lima, Lima
Trend is possibly heading further downward as the daily timeframe has made a Harmonic pattern signaling in a bearish direction, please do your own due diligence, and research only take what you see on my analysis as an idea.