I would wait for price to reach the first box area in the right timing, then I will looking to shot around here.
If the price go beyond this first box area in wrong timing, high chance it will overshoot to the second box area, and if the price reach here on the right timing, I will be looking to short here.
No TP projection though.
Because I am too lazy to write all SnR lines in the chart, I am just using a box to sell if price get into the box area, and my take profit target, around the box area.
Well I am looking to short if price gets into the red box, of course with good location inside the box and price must reach there in right timing, then I will short from there.
I will be looking to...
EURJPY reject 361 fibo level for a third time and it is the area of last week high. If price keep rejected around these area it will go down towards the 125.000 price area.
Watch out for London market open.
Edited: Ascending triangle formed around current price
Daily candle bullish close at resistance level. H4 spike high 2 formed. Price at previous daily high, 61.8 fibonacci retracement weekly level, 2 previous week low acting acting as support/resistance flip. Waiting London market open to short
Daily candlestick failed to break and close above previous 3-months high. Daily bullish candle close around 97.5 price area may lead the price to go low around 96.75 price area and previous daily low during NFP later this night.
Analysis solely based on technical, no fundamental involved.
The price of USDCAD increased since Monday, giving a possibility of profit taking is about to happen during high impact USD and CAD news tonight. Expecting price to go into area of 78.6 fibonacci and 1.3500 price (as in the purple rectangle) pre-news, and will go low around 1.3425 area and further 1.3375 area, at least.
Rapid increase of price of GBPJPY can be seen yesterday. There are still some rooms for the price to increase.
Pending order of buy will be placed on price retracement, expecting the price to retrace around 144.250, with stop loss around 143.7. Take profit will be at around 145.730.
Price break 145.75 will expose second take profit area, around 146.250.
