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Analysis – CADJPY | W1 | BEARISH SELL @ 84.750 The price is currently approaching our Fibonacci Retracement 61.80% This acts as our resistance. This is an early signal so please do not enter yet. If price reaches this level please enter for a sell. The take profit level is @ 82.200 (255 PIPS). Please note this is not financial advise. Thank you.
-(All reasons are described as simple notes in the picture above).
CADJPY LONG - Going long looking back from 2010 and historical data showing it is going up BUY STOPS ABOVE RESISTANCE
Potentially going to continue pushing down or come up retest that level and push down.
SHORT POSITION: Market is currently in an upwards trend channel, however this channel has now been broken and retested at the channel, resistance and Fibonacci level of 0.382 Since price has already broke and retested I am now looking for an entry since I hesitated the initial retest during last weeks session. Another idea is to wait for price to...
after price action looking almost like it was going to break to the upside we have done the complete opposite. Price action has broken out of a daily structure support channel and now re tested that s/r line is now looking more likely price will go down. I have marked out the level in which id expect price action to reach.
This is a bear flag on the daily which is now sitting at a nice weekly/daily resistance trend-line.
Analysis – CADJPY | D1 | BEARISH A simple example of market structure, This is a lesson we've all studied in nursery. What happens when price reaches the support / resistance? I know what you're thinking... It can either reverse or breakout. At the same time we have to use our intelligence, intellect and intuition; our instincts and common sense — in...
> Price near 0.50 Fib level. > Bounce off weekly trend line. > USDCAD and USDJPY at Support and Resistance Zones. Possible Reversal. > Wave D on Elliots theory. > Average pips market has moved the other way.
Price tested of my 4 hour trend line and closed above my key level. As price moved to high from my entry I waited for a pull back, now giving me the chance to enter the trade. target 40 pips.
We can see the key areas of support and resistance marked with the green lines, and the places price has touched these key areas marked with purple arrows. We can see that a massive candlestick shadow broke out our 80.469 support but came back up and closed the correct side of it, this is a good sign the sellers are exhausted and the buyer have taken over...
CADJPY / H1 / Technical Chart Few days ago, Butterfly pattern triggered and it was reached to target after that it made new impulse bow we are inside of the correction correction will end at the cypher pattern or at the support line wish you many pips Good luck
Inverse H&S formed on 4hr and broke above neckline, looking to retest it as support as well as third bounce on trend line to proceed up to the 84.000 target . Also .been making a series of higher highs and lows
We have had a break out long on the 4 hour range. This was at the 82.44 Level. We then wait and see if we close about this, which we did and then we have our trade. I always wait for the slight pull back before entering. Stop can then be set at last swing long and TP1 - 83.52 TP2 84.80.
Potential sell with fib line reached and 3rd touch on 4hr trendline as well as elliot wave point E.