Good Day Boy and Girls...Currently looking for a buy on CHFJPY . we are in a descending channel after a bearish impulsive which signal us a reversal in price. Price had strong impulsive move up and currently inside a continuation bullish flag on the 15M timeframe. Looking to enter on break of correction to the upside and looking for a break of bigger structure and...
Looking at the 4 hour, I expect the retrace to end up at the 0.5 fib, which shows the greatest level of resistance before going down -0.272
Hi, Some say that the DJCFD is a good indicator for the general stock market, eg SP500. If DJCFD does well, the others will do well. This past week, as per the weekly chart, we can see a solid bullish candle close above a main resistance. Before its retests this resistance level, I am leaning towards it reaching to the upper part of this regression channel...
We expect price to jump up 1.08400 after retracement in 1.07800
Price has completed a head and shoulders pattern and is retesting the neckline, for a sell.
Overall LONG trend on the pair that needs to be supported by a short-term sell for the rally to continue to the upside. Market printed a 'W' formation on the Weekly and the SHORT is based on the retracement to the neckline of the structure. Confluence is further supported by an increase in LONG contracts of Hedge funds in Canadian Dollar, strengthening CAD...
Hi, I see a head and shoulder formation here.
We wait for price to retest the resistance level for an opportunity to short
My view on audjpy for the month of january and partly febuary... dont trade blindly, wait for price action to unfold first
MOST LIKELY SCENARIO IS A SHORT POSITION TO THE NORTH I LIKE ENTERING BREAKOUTS COZ THEY EASYLY MANIPULATED AND I ALWAYS USE ORDERS WITH THEIR STOP LOSS IN PLACE
Price now testing our area of resistance and we have divergence on the 4 hour time frame. Looking for price to drop down to support at the very least, with the potential to complete the head and shoulders pattern bringing down to 1.82000 region. Of course if price rejects our area of support then price will continue pushing back up.