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not so much on my charts these days (at least for my eyes), but i've been able to find this nice setup on the hourly chart. It's a bearish bat formation that's going to complete in a strong structure level (both daily and 4H) and i'm going to get in as soon as the price will touch the D completion point because of the higher trend and because it's a nice ...
CadJpy - Weekly timeframe - I see further strength in jpy pairs and good swing trade opportunities across major jpy pairs. This setup is a pending sell limit.
on CADJPY we're facing a good level of structure on the daily timeframe: in that zone we can see we've an RSI divergence pointing in the short direction, together with a small 1hr double top and a 4hr engulfing candle. Short with stops above the highs and targets as shown.
If you have any question/idea, feel free to comment below.
Otherwise, see you in ...
1.Weekly/Daily Support Valid Resistance Broken (Strong)
3.Profit margin 1:3
4.Trend-Line broken (Strong Validation)
5.Opposing zone breached
Fake out setups are always profitable. Just enter the trade from the best retracement. Follow MM.
this pair didn't take breaks, it's skyrocketed from 81 to 89 in less than a month. It implies of obviously a great disparity between sellers and buyers, but i think this could be at the end point. Looking left, this level of resistance is the last major one: it's also a weekly level and price always respected it in the recent past. This makes me think we ...
this is a pair on my radar this week, price has been in a heavy uptrend and now has reached a possible reversal zone (because of daily structure). On lower timeframes there's no confirmation yet, but let's see how it plays out. Very overbought condition makes me think we could see a reversal right here. Let's see.
If you have questions or you want to ...
This is a short opportunity which I'm looking to play out this week. About 200 pips. There are 3 take profit points. Wait for confirmation on it going down at each key TP. I've entered this today at peak 83.300 looking to capture 200 pips. Always lock in profit with SL at each TP. Trade safe
possible TB @ 81.655
just a quick bit of analysis on this pair, its hit 61.8 fib and hit resistance....showing signs to continue the down trend.
potential short entry if the pair retraces back to the resistance and stays below
this is one of the simplest method to read structure, in a downtrend, when a support is broken, it most likely will become resistance once retested. Stops above highs, target1 81,2x level. Target2 to be determined.
Don't know if i'm getting involved since i have two other CAD pairs on my watchlist.
I'll let you know.
If you want to share your view, or ...
ABCD pattern in play.
I have CADJPY at resistance.
Looking for a 1:3 RR
This could be a double top , so potentially a trend reversal too.
Will it print us a correction? Let's drive it...
price back to 61.8 after break the uptrend. good time to short again
We're so far holding firm to medium term structure and key fib levels. If we see a rejection of 85.000 support then a small bounce back would offer up a good short opportunity to retrace down to the 82.500 area. However, if the support holds, then a move up to the 38% fib would be another key resistance level to keep an eye on.
Credits to @DCFX (https://uk.tradingview.com/u/DCFX/):