CADJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further CAD weakness & JPY strength = CADJPY SHORT What are we waiting for to happen? - Waiting for the next pullback so we can draw WFB What is our confirmation? - rejection of structure and EMA - Waiting to draw WFB Entry Safe Entry: Rejection of structure and EMA...
GBPJPY - SHORT Why are we entering? - Price broke the ascending trendline = bearish - Expecting further GBP weakness & JPY strength = GBPJPY SHORT What are we waiting for to happen? - Price to start retracement = so we can draw fib and draw a WFB trendline - Waiting to draw WFB What is our confirmation? - rejection of structure, fib and EMA - WFB...
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nzdjpy analysis will go down by breaking the trend line to 74,500