Pullback to weekly zone pending. Enter on 4hr time frame price action confirmation. Use appropriate risk and trade management.
Entry – 82.0 Take Profit – 82.94 – 94 pips Stop Loss – 81.55 – 45 pips Been on a bit of a losing streak with my published trades. Seems like the ones I put out there are the ones that fail, but oh well. Even through there’s plenty of volatility with the trade war and USMCA deal, I entered a CADJPY trade. Daily chart. Looking for a reaction off the 200MA (blue...
No entry yet for CJ. We'll be looking for the zone-colored green which is at the 127% extension of the current swing high-swing low and also at the 618% fib of the longer weekly swing low-swing high structure.
Anticipating a powerful long move where support lines w/ demand zone as well as multiple crossing trendlines. Short to the ideal entry point for some extra pips.
bear temporarily, fibs, s/r, and Tl indicate possible bullish momentum though
note> this chart is only my personal directional bias, do not take ideas if you are not secure of what you are doing. waiting for my parameters to decide to sell CJ. trade with care
Analysis team placed long on CHFJPY @107.344 with 2 intra day targets on 3rd September, 2019: TP1 @107.506 TP2 @107.644
Perfect rejection on daily for the 61.8 fib. I expect CJ to go down and retest the monthly low of Feb., possibly a break of the monthly low since it is on downtrend. Ill be looking on shorts for CJ.
Looking for Cj to drop a little bit more to around 86.500, here are the reasons and markup for that bias! Confirmations: -Daily: Price is in an uptrend but is looking to pullback and close that gap a little more between my MA's -4h: Price is still technically in an uptrend but the MA's have crossed over heavy to the downside, price broke below the 61.8% fib and...