4Hr time-frame from technical perspective: Rising trend, price above the cloud, Tenkan above Kijun, Chikou is above the price, future cloud is green, Tenkan, Kijun and Chikou not in cloud or price.
I have been using this trade as a hedge on others in this trade war. Deal positive news or abatement in tariffs is positive for this trade. Also has the benefit of...
Bearish for CNHJPY, Analyze by. Preetinder86
CNHJPY right now at channel down after success break Head and shoulders pattern.
to follow downtrend, sell at trendline resistance will be a great idea, with stoploss around fibonacci 236.
tne best profit position at fibonacci 618 at 16.362
I think that either one of the two price movements are completely viable.
The blue line is the 0.786 and 1.272 confluence region, so if you want to enter based on the confluence then short this now since it has already reached this area a few days ago.
Alternatively, if you would prefer to rely on the market meeting the 0.786 retracement as an entrance point,...
Similar to the NZDUSD breakout play; we have consolidation along the upper edge of the wedge. This is a clear indication of impending breakout to the upside.
When the price hits that first moving average we will move the stop up to break even to lock in potential losses.
