robdee4x
Short

CADJPY - Daily - Potential 3 Drives Pattern - 26/03/19

FX:CADJPY   Canadian Dollar / Japanese Yen
Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region.

We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows.

The EMA Waves throughout the higher and lower timeframes are aligned.

If this does play out it'd form a 3 drives pattern, which I have seen recently also on EURUSD . These are reliable patterns and hold significant psychological value.

My thesis is marked on the chart, and of course, if price action confirms a change in direction this idea is flawed.

Tools
Multi-timeframe analysis
Support and resistance
Trendlines
Channels
Fibonacci
Harmonic Patterns
Trend Analysis
EMA's
Comment: Looking for a spike into the 50-61.8% retracement before considering a short position.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out