Hi traders, hope you're having a good start to your trading week.
We have a nice setup forming on USD/JPY on the 4H chart, with a breakout trade.
I analyzed this chart and I have discovered that price appears to be in a 3 wave pattern. Price had impulse down leg (See chart for details), had a
corrective up move, and now has now started a down leg. I am...
Today we have a potential setup forming for CAD/JPY, on the 1H chart, with a swing trade.
This is an excellent short opportunity with a just over 1:2 risk to reward.
Price has been struggling to find upside for sometime now, and a move to 86.90's is on the horizon.
If price breaks the 87.40 support level, I am expecting a breakdown to our measure target.
This...