CADJPY looking droopy and distributing, looks like a decent opportunity to scalp and see where it goes.
According to current market conditions market overall in the sellers area. Yeah we can see that buyers also came back but failed by creating nice bfakeouts. again buyers try but again failed. this thing indicates again and again prepare for sellers
CADJPY is approaching its support at 81.70 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 82.44 (100% Fibonacci extension, Horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 7.9% where a corresponding bounce could occur.
ORB - Opening Range Breakout This strategy works on all markets - time frame is Day & 1H Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the YOUR chart. When we have a daily trading range that is narrowed than the previous...
Canada Retail Sales Data does not meet expectations. Oil Prices Decline Channel break out and Short Good Luck
CADJPY Sell entry on 82.35 Waitin for your comment
Pair recently broke out channel on 1 hour time frame and can test upside resistance band of 82.50. If pair not able to hold level of 82 can resume downtrend.
Hi, as you can see CADJPY broke the trendline with really strong impulse and now its' making 1h flag above that trendline. The bigger picture looks upside, and that's the reason why I want to buy this pair. It could be a long term trade. On the picture you can see one green line and red line. That's my entry order and stop loss level. TIP: I want to trade only...
We can see the key areas of support and resistance marked with the green lines, and the places price has touched these key areas marked with purple arrows. We can see that a massive candlestick shadow broke out our 80.469 support but came back up and closed the correct side of it, this is a good sign the sellers are exhausted and the buyer have taken over...
USDCAD is approaching our first support at 1.3316(23.6%, horizontal overlap support) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3367 (100% Fibonacci extension ,38.2% Fibonacci retracement ). RSI (21) is also approaching support and we might see a corresponding bounce in price should it bounce off this...
Please refer to the information on the chart for Trade Analysis. Happy Trading. Juff.
Reversed Fib 88.6% & Broke Fib 78.6 Trendline Breakout Targets as described
AUDJPY is approaching our first resistance at 78.84 (horizontal pullback resistance, 161.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 75.94 (38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our first resistance and we are seeing a bearish...
Please refer to the information on the chart for Trade Analysis. Happy Trading. Juff.
CADJPY 4HR LONG OFF SUPPORT ENTRY- 82.40 STOP LOSS- 81.86 TARGET- 83.47
Looking to go Short on CADJPY. - Entry: 81.403 - SL: 81.938 - TP: 80.000 I entered the trade on the 4H time frame because I saw signs of a bearish continuation: - Bearish TK Crossover (Purple over Yellow) - Bearish Engulfing candle - Bearish candle closing and continuing passed Kijun - Chikou Span below price. My SL is derived from the 1H timeframe. You can see...