StephenDapar

StephenDapar

EURJPY had earlier gave us a head and shoulder reversal pattern and has dropped. It pulled back by forming a minor bullish channel. A breakout and a retest of that support played out. It also gave us the A, B and C pattern. Now we expect it to drop.

StephenDapar

Price broke our bullish channel and has dropped to the 50fibonacci ratio. We expect price to pullback or break that ratio and head to 60%. Be patient and watch how the candlesticks close before entering a trade.

StephenDapar

I believe USDJPY has broken our bullish support found on the 4hr chart. Price has broken our support and has gone back for retest. We then had a minor linear support and resistance on 1hr time frame. And price is currently at a resistance. Sell if you get your bearish candlesticks signal.

01:13

StephenDapar

W expect CHFJPY to push up before dropping. We had a bullish trend on the weekly time frame. Then we had a bearish reversal chart pattern on the 4hr time frame. We had a breakout of a bearish channel which indicates a pullback.

00:59

StephenDapar Updated 

AUDCAD is about to give us the 5th wave. Then we will have another retacement.

04:52

StephenDapar

CADJPY has been bullish for a while now. And it has just retraced to 50.0 Fibonacci retracement level after an impulsive push-up. Now we expect the 5th wave to the upside to play out . FX_IDC:CADJPY

StephenDapar

Gold has reached a monthly resistance. It formed a sideways channel on the 4hr chart. We expect gold to drop.