so following on from my previous post, i had higher expectations for the pair. after re-evaluating it i think it still has more room to come down before heading back up again. using the fib retracement and our EMAs are getting close to crossing over i now think that when it reaches the zone i have put in we should see some sort of reversal happen.
Clearly falling down now, heading towards another major support line. Waiting for a pullback here to my golden key level to enter in a sell position for a potential 1800 pips! This will be a longer term trade, holding most of the week if needed.
After seeing AUDJPY in an uptrend since the last week of April, we've finally broken through and now bouncing right off the trend line. As long as it breaks the previous low we will enter a short position.
Can we get a bounce off the current support line here? After seeing it break the previous trend line, pull back and re-test it we fell into a downwards trend. Now we're looking to catch a nice bounce off the support created previously, or a breakthrough and another pull back.
CADCHF is within an upward channel. Recently reached the resistance line, broke thru before coming back down fast. Now we're seeing a rising wedge formation and expecting it to break below to the bottom of the channel.