1. 0.618 level from the previous high.
2. test the neckline of double tops
3. the demand of industries will be terrible
4. has a potential to go for a AB=CD pattern, may test the lowest level of 2008
5. waiting for a daily signal for a short position
1.trend line broke and retested
2.potential double top
3. reached previous supply zone
4. waiting for a daily inside bar pattern breaking out to enter a short position. The target would be around the previous low
Look at this huge weekly abcde triangle pattern. Waiting for the break and have a huuuuuuge wave to the sky.
Also the PE ratio of CN50 is just around 9 which is less than half of Dow. Woooo!!!
AUDJPY hit 0.382 level and retraced the double bottoms. The price stabilize in past few days. Waiting for a inside bar breakout confirm to enter long.
First target will be previous high. Low SL
NZDJPY just got two bearish pin bars. However the price reached near previous low. I will waiting for a breakout of the low and pullback to enter short again.
EURNZD reached a event area. If we get another pin bar again may have an other down trend again. Otherwise, we wait for a break and retrace to take a long postion.
