PiyushP4tel

PiyushP4tel

EURJPY has respected the trend line and is heading up. This is the short term view of it.

PiyushP4tel

Price has respected the trend line. It should head up towards the daily 0.618 zone at the trend line. However there is a strong support/resistance zone at 0.382 so may even reverse at that point. It will most probably pullback at this zone.

PiyushP4tel

Price started the descend earlier than expected. Now it is respecting the 0.786 zone on the 1hr chart it looks like it's heading upwards to finish forming the right shoulder. I expect it to keep rising to respect the trend line or the 4hr 0.618.

PiyushP4tel

Price has reached the trend line and will either go long or break the trend and go short. From my analysis at the beginning of the week I expect price to carry on upwards. I'm just waiting for a bullish candle before entry.

PiyushP4tel

Price has finally retested the daily trend line perfectly at a strong level of resistance. From here I expect it to go short and retest the 4hr trend line. However, it could also head up to the daily 0.618 level before dropping down.

PiyushP4tel

CAD JPY looks like its going to retest then head up towards the 4hr 0.618. Potential for a heads and shoulders to form if it respects that line. Let's see what happens!

PiyushP4tel

Price has reached the 1hr 0.618. It is either going to head down and touch the trend line again or it is going to break the resistance zone (1hr 0.618) and form a new support. This will form an uptrend to the 4hr 0.618 or 0.705. For the long term, this trend should keep going to hit the daily 0.618 or 0.705.

PiyushP4tel

Price is at a point where it is either going to respect the trend and head up to at least the 4hr 0.618 or break and retest and head down to the Daily 0.618.

PiyushP4tel

CADJPY has hit the daily 0.618 line perfectly and is potentially going long if the trend line is broken. If price respects trend line and 1hr 0.618 then we can expect a sell at least down to the daily 0.618 (could potentially keep going to 0.705 or 0.786).

PiyushP4tel

Price is at a strong support/resistance zone. We could see it heading up to retest the break in the trend line from here. However, it may carry on going short to the Daily 0.786 line before it heads back up for a retest. The RSI is showing that price has been oversold and we could be looking at a reversal soon. Once price has retested the trend line it could keep...