After any strong price move, a pullback/corrective move is expected!
It seems to me that the correction/pullback phase is ongoing and at any time a journey to 0.3 - 0.4 price mark (1.272 to 1.414 Fibonacci extension) is about to start!
If it happens we need to keep in mind that it's not going to be a "straight line" journey!
And the only way to reach such a...
For the past few days, CAD showed its strength against JPY! Technically, there's a great chance to see some weaknesses in CAD for the coming few weeks! Any reversal candlestick pattern on a lower time frame will be a good sign for bearish moves on CADJPY!
Another long term trading opportunity for GBPJPY!
After a deep pull back, more bullish moves are expected on this pair!
Any bullish pattern and candlesticks on lower timeframe might be additional proof for bulls dominance!
Its a long term journey, patience will be needed for this one!
This is a very fascinating coin at the moment!
Price at the weekly uptrend support zone!
Even though (technically) the overall structure is bearish but we can ignore the presence of such a strong weekly support!
If the price bounces northwards then this might be a very good indication for bullish moves on ENJIN Coin!
For the past few days, we witnessed some JPY strengths which as a result CADJPY was pushed down!
Technically the structure is downtrend BUT WE CAN NOT IGNORE THE PRESENCE OF a SUPPORT ZONE AT DAILY TIMEFRAME!
So if we observe any reversal pattern candlestick formation at daily support zone or lower timeframes like H4 and H1, it might be a good sign for bulls...
We had some good bearish movements on this pair for the past few days, but for now, there's a possibility of observing some bearish momentum as the price approaching the weekly key area! Any daily bearish candle on this pair will be an indication of bearish momentum!
NB: I posted H4 analysis for this pair a few days ago, visit my page to view it!
A few weeks ago I shared a bullish analysis on this pair, we observed strong bullish moves afterwards!
Today I'd like to share a bearish analysis on the same pair, even though there's a great analysis price pushing even higher but we still have a chance for bearish moves as well!
Any bearish pattern on the lower timeframe (H1 & H4) will be a clear indication for...
For the past two weeks, we observed CAD weakness against several currencies including the Pound! As far as GBPCAD goes we are approaching a very important zone! A zone that stood steadily against bears since March this year!
The bears' dominance is subjected to lower timeframe price action, especially on H4 and H1! Any reversal pattern or candlestick formation...
In the few days, we have seen some JPY strength! Some pairs with JPY as secondary currency were in a bearish trend for the last few days, a good example of them is CADJPY and EURJPY!
The same scenario we can see in GBPJPY!
Currently, this pair is in a bearish/downtrend structure. Not just that, on a daily timeframe, we can see that price is at 78.6% Fibonacci...
A few days ago I shared CADJPY analysis indicating a bearish pattern on H4!
Today I want to share the same analysis on the Daily timeframe!
Price is approaching to daily trendline resistance zone!
At the same time price approaching a key supply zone!
Failure to break above the zone will be an indication that bears are about to take over!
So this is the analysis for Shibainu, as you can see in the weekly timeframe we have an inverted head and shoulder pattern which is a good indication of a bullish trend! This is something we need to keep our eyes on!
Last week I shared GBPCAD Bullish Scenario Analysis ( ). But on Friday, we saw massive bearish moves on this pair that was possibly brought by a fundamental news release! Today
I share the same analysis but on a lower timeframe (H4 Timeframe) which shows bullish...