A common structure head and shoulders looks complete and ready for trade.
NOTE: Wait for break of neckline to take a trade on this pair for further downside( Look at my previous analysis on this pair for further outlook)
Consolidation has reached our level and there seems to be rejection as expected. Now looking for continuation to the downside.
NOTE: WAIT for break out of trend line and a complete correction for continuation to atleast the 0.64255 area
USDCAD seems to be making a 3wave move and is currently consolidating for further upside. a deeper correction at this level will change the initial bias.
NOTE: Since we are still in consolidation, wait for impulse on the opposite direction with a correction for a a buy setup.
After a 4HR analysis, a correction on the 114.500 will see us move towards the 118.300 area, then price will give us a sign either for reversal or continuation.
NOTE: Follow the lower time frame for setups
will update for any alternative bias.
A 3 wave correction looks to be complete and a break out of the channel with a correction will give us a sign for a rally atleast to the 114.500 area before any indication of a further upside.
NOTE: Wait for a correction to confirm a buy setup
EURJPY giving signals to lower momentum and consolidate before continuation for a probable move to the trendline.
NOTE: WAIT for a break out of the wedge or v pattern to trade or scalp the up move.
: Wedge pattern also showing divergence to support the consolidation
CADJPY making a bigger correction than previous ones, an indication for further downside! A flat correction is in play. We looking for the first stop at atleast 82.500 zone.
NOTE: ALLOW the correction to finish and wait for sell setup to play out.