WHAT IS IN STORE FOR CADJPY?
THERE IS A LOT OF POTENTIAL FOR THIS PAIR TO REACH, HOWEVER WE STILL HAVE TO BE PATIENT AND GET SOME CONFIRMATION IN TO WITCH DIRECTION IT MAY BE HEADING AS THIS PAIR DOES LIKE TO MOVE IN FUNNY MOTIONS SOMETIMES.
I put educational posts out from time to time !
Could this be the start of EUR/NZD forming a channel ?
Will the bullish flag pattern finally break ?
Or may it be respected
WE WILL JUST HAVE TO WAIT AND SEE HOW PRICE REACTS IN THE GIVEN SCENARIOS !!
NOTE: i am not trading this, this analysis is only up for educational purposes or for discussion
Looking to go long on EU however we are still waiting for price to playout in this channel, We see a potential divergent move coming close which may show a nice indication that price is lying to us and it will respect the channel.
Also waiting for some candle confirmations, AS price may do some manipulation towards the zone highlighted below, that is the reason i...
I believe in the long term price will start going down due to the fact that a reversal is taking place after a bearish gartley pattern and an AB=CD Pattern, however a doubletop may form before overall trend reveses so to catch which retracement it may hit will be key, i guess we'll just have to wait...........