Gold is moving inside a small triangle area inside both of a up channel and a down channel. The movement to North is showing a weak behavior, since the price is not moving to North based on previous time rhythm, and the Stoch RSI is in over sold level, but no showing a clear crossing to North. Gold could be possible Break out to South. Try to entry if the up...
Similar as GBP/JPY, the price is moving out from a short term up channel. The Elliott wave for short term up trend should be finished. In long term, it has touched the up channel top line three times and it cannot continue break out to North. Based on previous timing, it is possible to start a retraction in long term and the target would be the long term up...
Short GBP/JPY with stop orders in two positions if the price break down the up channel down line
If follow previous short order strategy, possible getting about 300 points profit at this moment. In long term (weekly) time frame, the price has touched the big up trend channel top line and start turning to south, "Stoch RSI" is at over buy level and crossing in weekly time frame. It looks its next target could be the bottom line of the up channel. There...
There is a potential big up channel (Note: Not approved yet). The price could continue moving south a little to touch the up channel bottom line. There is a crossing point for multiple support levels and time span. Open long order in that crossing point area and stop when price break down the channel bottom line.
The price is moving inside a big up trend channel. The price has ever touched the up trend channel top line and now it is moving to the bottom line. There could be two kinds of timing and I will try to open long position when the price touching bottom line of the channel, and open short position when price touching top line of the channel, in a proper timing.
Short term support line didn't get break. Price is staying inside the point of short term down trend pressure line and support line. Maybe long for a butterfly pattern. Stop if support line got break.
Price retracted back to previous support line. Shooting Star generated. Close to down trend pressure line. Try to short and target two get profit positions. Stop when down trend line got break.
Looking for long CADJPY after a possible 50% retraction. This only cover one of the possible scenarios which could be safe for long. It is not must to be.
The price is currently staying between two important support levels. And a possible side way channel bottom line area. Possible looks for a long trade at this stage in a middle long term.
Next important support level is 1.2998, current price is very close to this level. There are multiple ways of predict lines crossing point stay in 1.2998. Maybe have open a long trade in this level.
Main direction will still assume to be North. Long trade will be the most resent goal. But it still has possibility turn to South. Now it would not be a good time to open trade. We need to wait until clear candel patterns shown and break out movement to approve the main direction.
The main direction is still looking for North. But now it maybe not a good chance to open trade. Need to wait until break out patterns shown or the price retract to a better position levels such as 50% retraction.
The price break out the short term up trend line. It is possible running inside a big long term down channel. Corporate with AUDUSD with similar rythm.
Multiple support lines area. Maybe open long trade again.
Price moved outside the short term down trend line. Retracted back to the previous down trend top as support line now. Maybe open long trade now. Similar as GBPJPY.
It could be a sideway trade in two directions.