We take a short position from 86.50 and book profit at 85.80 in a shorter run.
The 3TAP theory might show its glory here. I find it interesting that there have been so much cash build up, seen in the volume. I'm curious about this one. Seeing that CAD is not doing well on many pairs, it might be a good short with a tight stop-loss. I would wait and let it confirm a short. It needs to pass EMA10. It's a good rule of thumb to never trade on...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 21 Major Cross-Rates (of this 1st Week 2017) statistical data @ my GOOGLE Drive drive.google.com Best regards Aaron
Note: Overall, we are bullish on CAD/JPY. There are 2 trading plans for this pair: 1. It is a Swing Setup, price pullback nicely to the support zone and 20-EMA. We see bullish signal bounce back from 20-EMA and Support Zone. A good signal to long now. Alternatively, can wait for pullback again and another bullish signal for confirmation to long. 2. If a 2B...
This is only a trading capability - no recommendation !!! Next wkk i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Yesterday broke daily trend line. Target 85 and 82 in extension. Set top loss at 88.65 Excellent profit to loss ratio Good Luck
A typical broadening bottom formation. A declining price trend, the latter developed into a brooding bottom pattern. This pattern looks more like a megaphone and respected trendlines formality. A breakout can: * When the price closes above the formation´s high. Let us monitor this pair and see how it responds.
On weekly trade no powerful support is seen untill 74.200 - 74.300. according to breaking the triangle we could go Short to reach that level ( powerful support ). Macd shows +RD so we can watch how market reacts to support level and after breaking the downtrend line we could Go LONG with TPs...
I'm new to Forex market so if anythings wrong with my chart or my wave counting please let me know, Thanks. Trade with care.
We have reached a strong support area, if it keep holding and we break a the yellow trend line its a good buy. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are...