. There is a possibility of temporary retracement to suggested support line (117.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. There is a possibility of temporary retracement to suggested support line (1.396). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. USDCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
While the price is above the support 0.9180, beginning of uptrend is expected.
We make sure when the resistance at 0.9900 breaks.
If the support at 0.9180 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see...
Expecting a rather large drop on GJ but I will remain patient and allow the market to tell me the direction it is going in. If we get a break below this box followed by a retest I may be looking for a sell if I get confirmations around the area.
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This was from Friday last week again Fib retracement levels! Broke the 4hr trendline came back to retest the trendline and now Stops are at B/E
I can see Low volatility today as in the UK there is a bank holiday so no banks will be open or hedge funds! So we can see small moves maybe in the lead up to tomorrow!!
I am looking for buys on this pair.
Firstly I am looking for it to come back test the 50% Retracement level with it to test the 4hr trendline as well!. X marks the spot!
Also I wont enter on a candle that is still open I be looking to enter on a close for a bullish hammer or a reversal candlestick to have a better entry with better RR 1:9