Pullback and re-entry to last position. Break and retest at fib 0.618% for continuation of uptrend.
CADJPY is in an uptrend on the daily. There is an 1 sideways consolidation with break to the upside. Bullish candle close from yesterday above todays pivot.
Bullish candles rejection off the ascending channel. Break to the upside. ADX positive. Price is above daily pivot.
Bearish engulfing candle break to the downside of the pivot with breakout of ascending channel.
Bullish break of sideways channel to the upside. Positive ADX on the 1hr. The current trend is up. This is also a break to the upside of a larger descending channel.
Descending channel and rejection from center pivot point with bearish engulfing patterns on 30 mins.
Continuation trade from consolidation range and break to the downside with 3 bearing candle patterns rejecting the .50% fib area.
USDJPY is currently bullish on the weekly charts, but I noticed buyers exhaustion, so I expect a pullback. I see break of ascending channel to the downside. The 4 hour candle is also showing a bearish engulfing pattern below the pivot point with rejection off ascending channel.
Rejection off the monthly resistance level at 135.337 area with break of bullish structure. The most recent trend on the 1hr chart is now creating lower highs and lower lows. It has also broken the previous higher low. The current 1hr retracement level is at .5 on the the fib with a bearish reversal price action. To confirm the final downtrend, we look at the ADX...
Add to short position with GBPJPY with extra confluence from the 1 hr adx and official 1 hour bearish engulfing candle setup.
We now use the ADX to confirm the trend is actually bearish. Looking from fib rejection, monthly resistance, and third downtrend line rejection... the is also a bearish engulfing candle.
GU short from the 4hr downtrend line rejection as well as monthly rejection.
Bearish sentiment on the sterling. break and retest of a 4 hour support turn resistant level. The is also a supply zone.
strong break of bear channel with new highs and pullback to 0.61 fib area.
GJ long based on a double rejection on a 0.618 fib and daily support level.
CJ showing bullish structure on the 4hr timeframe, with bullish move to the upside and retracement back to 0.50% fib and rejection for continuation to the upside.
Update of GJ long with new tp levels with 1:3 rr. Rejection off the 0.618 level with extension to 161%.
confluence to new 4hr stucture, a better fib placement is made with clearer levels. Lots of wicks of the 1 hr support and 50% fib area. Structure to the upside.