the cad is overbought and jpy is over sold and rsi is going down will be strong bearish movement and going more than 89 is stop hunting it will go down safe target is 85 and finally target is 82.5
Looking at the chart on the daily TF, we can see that the price rallied quickly and consolidated at the resistance line. The resistance level is also there. All this gives us grounds for the upcoming bearish signal. Therefore, at the moment I am thinking about opening a sell trade. Traders, if you like this idea or have your own opinion about it, write in the...
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Having overbought all week we may see market reverse having retested the resistance level in the Expanding Triangle Pattern.
After breaking through a key resistance level , we can expect cad jpy to continue the bullish momentum until the next key resistance level.
The price follows my past predictions: April 8 14th of April April 22 The next step I expect is falling. The main reasons for this are: 1- strong resistance line 83.39 - trend line of June 2020. 2 - the fact that during the entire existence of the turn, its resistance has never been broken through. Price will be paid to support. The goal is...
Price broke resistance expecting retest then move to the upwards
Looking for a BRT (break and retest) here. Watch and wait for bullish price action at the support level. Always enter after confirmations of bullish price action. A bullish engulfer, an evening star, a hammer, a full bodied bullish candle that breaks minor resistance, etc. Let me here from you in the comments! Like and subscribe, people!
Confluences: Re-accumulation forming Recent higher highs Spring closed above previous body high Strong lower bollinger band outbreak Large bullish engulfing candle TP set at previous candle body highs. Trail SL for max profit. SL set below engulfing candle low.
As we see a strong BULLISH movement upward, price is reaching closer to a 461.8% fib movement. Also, there is a strong resistance level @88.86 price level where I expect some BEARISH pressure on this pair. We could be eyeing for a potential short position from there towards 361.8%. If the BULLISH strength remains, we should see a rejection there, brining price to...