The date of the predictions is not relevant as I don't do time analysis
Only if the correction were in holds and a impulse wave failure doesn't occur
And assuming we dont have another mental christmas period
CHFJPY is showing a very very nice opportunity to go short. On a Daily Timeframe price broke the Weekly region and now is testing the same region to continue to the downside. In 4 hr timeframe price is forming a Double Top and we are waiting the final confirmation to enter a trade short. What is the final confirmation??? THE CANDLESTICK...
Looking like a falling wedge pattern leading to support between $1.6 & $1.7, and that's where the buy zone is going to be in this trade.
RSI is showing bullish divergence on the 4h chart, I think it is likely we see another low here before we breakout from the pattern.
Favourable Risk to Reward here
Entry: @ $1.68 - $1.61
Stop-Loss: @ -8%
TP1: @ $1.96,
TP2: @ ...
Price has respected the blue trend line perfectly 3 times and on the 3rd it has made a bullish engulfing candle stick. If you look at the 1hr time frame the price has made a flag and this could be the entry i wanted.
Good start trading week Good start of trading week at all, I propose the analysis version on this couple, because it is present in my weekly watchlist!
Good reading to everyone.
https://www.tradingview.com/x/NgXSzNA7
W1 = Starting from the weekly chart we can see that prices are supported by a long-term trendline, despite the double maximum on resistance (red) ...
In my opinion when price reaches the 95.000 or 89.000 the price should show signs of reversal indicating a possible bullish run. As you can see at the date 07/12/2017 prices made its bullish run from that point 95.000. Will history repeat itself?
What gold when it touches the white line. We already have divergence on the lower TF. This will give us a flat correction for one more move up before going down.
USD/CAD is massively overbought on the RSI which indicated a selloff may be on its way, however i believe that this will give an opportunity to add more longs
If support holds we may see bullish price action towards upside target 1- then then target 2
However if we get a break of the ascending trendline we could see bearish price action towards downside target one
