CADJPY / H1 / Technical Chart
Few days ago, Butterfly pattern triggered and it was reached to target
after that it made new impulse
bow we are inside of the correction
correction will end at the cypher pattern or at the support line
wish you many pips
EURUSD currently retesting 1.135-1.136 range, with a trendline in play. Long opportunities to 1.144. Fibs 0.618 located at current level. Will be shorting if there is a strong direction change upon confirmation to 1.13 psychological handle as a second scenario.
As shown in the chart, EU is reaching the bottom of an uptrend channel, if support is respected we can see it returning back to the top for a over 200 pip profit. Buy orders set, now we sit and let things play out.
Combined with oversold conditions on MACD and logarithmic channel support makes this a great entry to start scaling in. Relative strength is so low if sellers have any strength left to push price down significantly.
Previously I gave out a EUR USD short signal, now this could still be valid and may still hit TP... but I can see a really strong reason as to why I think bulls will now take over and push price higher, if you are in my original sell position you will be deep into profit anyway so move SL into profit to lock in that money.
From this chart we can see that the ...
GBPUSD Potential buy looking @ 4hr interval, Possible bullish price movement towards the resistance line (B) around 1.2930 - 1.3001 following the upward trend. Has already hit 1.3001 once on the 17th of January just touching the zone and retest back down hitting support line(A) at 1.2831. However if US Dollar continues to strengthen we may expect a retest.
EURCAD facing a break or bounce scenario providing good setups either way. A break and retest of the TL for long positions or the more favorable is a rejecting of this TL for a small intraday short position down to the previous low where I'll be looking for a double bottom to form in the yellow range highlighted.
Heavily manipulation on this pair around the 1.33500 region so keep stops fairly wide.
Going in big on this move with 50 lots currently running and they have been running for the past few hours, experiencing many spikes and wicks. The wicks are leaving an overall bigger picture, especially on the 4H timeframe.
Despite the big running position, I'll likely be ...
EUR/USD turned negative on Tuesday following timid recovery attempts at the start of the trading week. The euro is pressured by a sell-off in risky assets amid the signs of rising tensions between the US and China as well as ahead of the World Economic Forum in Davos, where the attendees could express concerns over the global growth.
The dollar demand picked ...
"NVCN is up to 125% pulse ..." According to an analysis released on December 21, a 120% pulse wave has arrived today. When looking at the figure, we can see that we are at the second impulse fractal. It can also be seen that the second impulse fractal is double the first. Stop here. According to the theory of impulse fractals, (a) or doubled, (b) or Fibo ...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.6705.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.6685.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of ...