We ahall hold short swing position after we broke the trendline and retested it.
We are still holding a short outlook on the pair. Price Closing below 143.000 will provide a signal to short.
We are still Holding the SHORT overview. Waiting for confirmation on the POSSIBLE TRIPPLE TOP.
CADJPY has retraced to a position where we can consider short swing position. Its time to look for reversal patterns coming week
AUDJPY Bouncing on the Channel = Resistance. Looking to SHORT.
Looking at Potential Downside for XXXJPY Pairs and NZDJPY just joined the Party. LOL
Weekly TimeFrame shows a retracement of 61.8. On D1 we have a potential Bullish Flag. Looking to Confirm our entry after close of D1 candle today.
Price stayed for awhile tanging around 1.62000. Also 61.8 retracement level which would have induced retail traders to take long swing positions. The fast drop for 3 days looks like it was a STOP HUNTING Party. We are now Looking to trade it SWING LONG to 1.27 Fib Extension. Our Final TP. Taking smaller positions above the channel as we head to 1.27 Fib LEvel.
We are looking at a Possible Double Bottom at Critical Zone.
Looking for a possible retracement and LONG SWING. The pair has broken our trendline. Retest to 0.8000 is likely.
Review of our Target to 1.118 & 1.27 extention zone reveals a posible HARMONIC PATTERN. Still looking for possible SHORT before we trade LONG around 1.42000
Looking for possible retracement to 0.8800 to form the Right Shoulder at 78.6 & 61.8 retracement Level.
CLASSIC KINGS CROWN REVERSAL PATTERN We have a retracement of 61.8. General Rule 38.0/50.0/61.8 retracements targets are 1.618 Projection. Here we are looking to terminate just before that Level.
Our overview for USD is correction of last weeks moves and retracements as we continue with downtrend for Dollar. This makes NZDUSD a good candidate to trade SHORT to 0.6000 zone. Expecting that to be REVERSAL ZONE. Double Bottom and Divergence on whatever technical indicators we use. WATCH LIST
Last week we had massive stop hunting for USD pairs. I am looking to stick to my guns and keep the projection or a deep 78.6 Retracement before we go LONG SWING.
Looking for continuation of Trend to 1.618 =TP 2. However, We have Major Support at 157.5. Area to take some profits
We had a previous USDCAD analysis and we still holding the LONG Bias to for the Head and Shoulder Formation.
Looking for a break above 0.95000 to make Long Trades.