CAD JPY is near the midterm support line. A small wedge formed in the 4h chart, the price had a breakthrough and pulled back. Maybe a small buy opportunity.
My analysis is frequently wrong, do not trade based on my analysis.
I did a statistics. I searched all of the candles combination with the first day rising more than 0.83%( the Thursday rise) followed by a pullback the second day(the high is higher than the previous day and the low is higher too). In total there are 31 results. Among them, 18 has lower price than the first day low. for the other 13, profit is possible with a loss...
AUD USD still can sell. The price broke the trend line last week but now is on the way back to the channel. In the history of AUDUSD, Among channel breakthroughs, 50% of the first breakthrough, the price will be back to the channel. Among those that go back to channels, 30% edge lower than the near low.
If the price goes back to the channel, 70% will try the...
