This post is a little bit late as I have my entry exactly at 142.80. Stop loss currently at break-even. A negative correlation with gold means that this pair is heading to the downside. Simple and Short
CADJPY possible accumulation of positions before the potential markdown. Pattern is also similar to a head and shoulders formation. Entry at 83.55 is valid. A valid break of the trend line and its a long way down. Stay safe and trade your analysis always.
We have seen pair reject the highs of 1.1240s. Lowers highs created at resistance zone at 1.1200. Its all about riding the wave to the downside now. Long term target at 1.0880s. Meanwhile the 1.1080s zone is a good short term profit area. Stay safe and trade your analysis
NzdUsd is setting up for an intraday short position. Overall trend remains bullish but we are beginning to see a pullback on this pair. Watch out for take profit zones at 0.6600