Executive Divergence formed onM30 TF, Follow this setup if you are agree, follow Risk management and money management must
Pray for me if you get reward :)
As we see that Crude oil made his 4 years low, (Last low is in 2016) and reach its Weekly support leave near to 27.01, now there is a maximum chance to go with long from CMP which is 27, and it will go at least 38 and will go more up at 61, lets buy Gold and make some profit
On the basis of trend analysis or trend trading this pair is in Flag pattern or rising wage and its near to its RS flip, we will see the price on its RS flip if we got a signal to buy, we surely buy it and our target to its nearest resitnace and after it we will out from the market due to minor trend in it and we will se how price unfolding it
On the basis of support and resistance trading we can see that, CADJPY currently on its resistance area, it is a very good resistance on Daily time frame, it reach this area on 4th time on daily time frame and before it it was very obvious support as shown in the chart, we have a good opportunity to go short in this pair.
Note : Trade at you Own RISK
On the basis of price action trading there is much chance for USD / CAD to go long, as on daily and weekly it touch to its support area which was 3 to 4 time support and before it, it was resistance, on daily time frame we see obvious Tailed bar on support and price pullback on that area, On H4 time frame wee see pure 2 bar reversal on support and price pull back...
Crude oil currently on near to its resistance, i think smart play paying in it due to over supply & less demand in market, still crude oil increasing and near to reach its resistance but now we have a good opportunity to sell on resistance, and our target is to near the very strong support which is previously SR flip as well as RS flip.
