USD JPY will start downtrend
as you see, then resistance and support trend lines are getting closer to each other, so it means that the price action is reaching its endpoint and its going to stop the uptrend movement, now, if uptrend movement stop, it may goes to a neutral direction ( uo and down slowly ) or it may start the downtrend with high movements, but from the last downtrend trend...
dont forget to place stoploss.
please dont forget to place a stoploss.
as you see the resistant line at the 6th March til 9th March stopped the uptrend from raising up, it shows that its a real resistant line. so if you pay attention at the channel, the higher highs went upper than the previous higher highs, until the last high. it shows that the trend slope is getting lower and it may stop the uptrend and changes the direction to...
as you can see at the chart, the market is going uptrend and after a while the uptrend slope is getting lower than previous candles, shows that the movement is tired and market is getting ready for a simple retracement. so after hitting the horiz line, it will start a downtrend i guess. dot forget to place stoploss. have a great night.
only short positions are predictable in this market for now. but it seems to continue on an uptrend channel, be careful to place a stoploss higher than your sell order, because of Corona virus the market is not exactly predictable and everything can change in 1 minute or after one single news. this position is very risky, be aware !
CAD CHF will continue short downtrend at first movement, then it will rais upward and goes uptrend. So if you decide to take short position at the beginning of movement, just start selling with putting STOP LOSS at the top of the resistant line, But if you prefer a long position use buying after it moved to the bottom of the movement at the near place of support...
GBP CAD may go downtrend, because it broke the support line, after that its had last good bye kiss ( going back and touching support line again), now its ready to fall very down. dont forget to take Stoploss and take profit. using this kind of analyzes are more safe in long positions.
my idea is that the trend lines of resistant and support are getting closer together, it means that the market is tired of going down, and it is willing to change the trend direction , so the best part is short positions when it is going to touch the support line ( candles go down ) you may buy at that situation, after all, if the market continiues going upward (...
because of breaking the support line, and double top reaching , and the Higher High wasn't higher than the previous high, and also the MACD and RSI movement , my idea is a Downtrend movement. please dont use this technical Analyze for short positions, its long, and dont forget to take a Stop loss for 1% of wrong movement.
pitchfork shows us exactly the channels of movement, despite of the united concerns of Corona virus, this market will continue its ordinary and predictable moves. dont forget to use stoploss and take profits for this analyze.
Its a flag pattern and it couldn't break the resistant line.
The EURUSD chart will continue its uptrend line, its also can be for the $2 trillion Coronavirus relief package which saves Americas economy. Washington — The Senate passed late Wednesday night a $2 trillion Coronavirus relief package designed to support the U.S. economy as it is battered by the coronavirus pandemic. The vote was 96-0. It was approved almost 24...
Wait till the breaking price action, then sell. Don't forget about the stop loss 🌹
double top pattern, starting bearish trend ! have a nice day
wait for confirmation candle then sell dont forget to use the stoploss