Price has respected the trend line. It should head up towards the daily 0.618 zone at the trend line. However there is a strong support/resistance zone at 0.382 so may even reverse at that point. It will most probably pullback at this zone.
Price started the descend earlier than expected. Now it is respecting the 0.786 zone on the 1hr chart it looks like it's heading upwards to finish forming the right shoulder. I expect it to keep rising to respect the trend line or the 4hr 0.618.
Price has reached the trend line and will either go long or break the trend and go short. From my analysis at the beginning of the week I expect price to carry on upwards. I'm just waiting for a bullish candle before entry.
Price has finally retested the daily trend line perfectly at a strong level of resistance. From here I expect it to go short and retest the 4hr trend line. However, it could also head up to the daily 0.618 level before dropping down.
Price has reached the 1hr 0.618. It is either going to head down and touch the trend line again or it is going to break the resistance zone (1hr 0.618) and form a new support. This will form an uptrend to the 4hr 0.618 or 0.705. For the long term, this trend should keep going to hit the daily 0.618 or 0.705.
CADJPY has hit the daily 0.618 line perfectly and is potentially going long if the trend line is broken. If price respects trend line and 1hr 0.618 then we can expect a sell at least down to the daily 0.618 (could potentially keep going to 0.705 or 0.786).
Price is at a strong support/resistance zone. We could see it heading up to retest the break in the trend line from here. However, it may carry on going short to the Daily 0.786 line before it heads back up for a retest. The RSI is showing that price has been oversold and we could be looking at a reversal soon. Once price has retested the trend line it could keep...