Retesting Previous broken support trending to the downside
Short this like your life depends on it. totallty joking. use proper risk management. Think this could be a correction before a continuation to the downside.
Reason for Trade 1. Very bullsih since the beginning of october 2. Higher high made on 4hr and now retesting previous broken structure 2 price targets. Will look to take partial profits at the first target and then see how it reacts to that level. Will update trade in comment section.
Price continuing uptrend Got out of the long to end friday and it looks like this is another opportunity to get long will watch through out the week to see if it breaks previously weekly highs
So I have taken 2 trades in the past week longing this pair and it has worked. I still think there is going to be a push to the upside as we continue to the upside.
CADJPY Bullish on the daily. For the past few days price has been contiuing to the upside. Expect 110 to be hit. Looking for a pullback to get in to ride the trade to 110. Looking for price to retest previous broken resistance.
Recently bounced off the the 61.8 level on the 4hr time frame. Reacted nicely off of that level. Look for a contunuation to the upside.
I have been waiting to see if price would come back to the yellow zone. It now has and I like the way it reacted to that level. Looking for a long to the upside. Will update trade along the way.
Here are my thoughts on a potential sell on GBPJPY. Feel free to watch the video to hear my reasoning.
I think there is a high probability of the continuation of the bulish trend. 61.8 level.
Price recently closed above previous highs. Currently retesting. Look for continuation to the upside.
Looks like the EUR could find some strength in the short term from this level. I think it could have a potential final push to the upside before a longer term move down.
Price was respected around 0.19 and if price can break the .25 level it could continue up to .40 in the coming weeks.