FX:USDCAD has been following the V-pattern beautifully for quite some time. Buy on the dips for longer hold or keep recycling.
FX:GBPCHF We expect this to continue following it's pattern in the channel and continue up before having a nice little short opportunity to catch some pips.
There's a potentially beautiful move shaping up here. We will wait to see how low price goes and see if it reverses or continues to drop below our purple box. Although, it seems unlikely it will drop further than that point as it is a historically very strong level. However, anything is possible and our job is to not be biased and to adapt to the market. We are of...
FX:USDJPY Looking like it may finally be ready for that drop back down. We've set a healthy RR and will see if our direction is respected.
FX:EURJPY currently in a historically very strong range of support and resistance (as shown with the white lines) It seems to be consolidating right now and we are expecting more consolidation in this range before an eventual breakout. Therefore, longing this at the moment seems appropriate. Always perform your own analysis and set proper risk management.
We still have a little room for this channel to continue falling in before seeing if it will continue to support this channel of consolidation or if it will attempt a breakout. I think we can expect it to continue within this channel. If so, we will see a nice entry coming soon and should be able to grab a decent 80+ pips. Patience, and then reaction.
I'm doing a quick short on this pair for it to print a new "HL." After the short, will go for a long until a "HH" is printed. Showing this on the "4 Hour time Frame" but look to your smaller time frames for a better entry always. FX:CADJPY
USD/JPY made it down to a key level where it pushed back up from our new LL. We are not seeing it move to the upside where we will wait to see if it will go on to just print a new LH or if it will break it's pattern and go to test our strong resistance in the 1.327 range. We are in a buy and holding to see what it does at the two purple zones.
We have printed a new LL and looks like we will finish printing our LH soon. There is still room to move to the downside so we will expect market to drop further and test our first key level of 1.312. Waiting for our LH to finish forming before taking this trade.
It's looking like we've reached our HL and can now expect our HH to start forming. Should face resistance at our first key level around 127. Also a whole number. If it breaks through, will go for second zone.
I've been waiting for this pair to print it's LH and now it has and is dropping. Confirmations are there with MA 50 & 200 being broken and just now the 106 level being tested. If this continues, we will watch out for the next key levels and then see if breaks through to retest July printing. Also, if we look at the 4hr time frame, we can see a "Three Black...
It's time to push down. Strong resistances on the weekly. Will push to retest at the support. From there, will reassess if bounce back or keeps dropping.
Waiting for the next LH to be established then a drop to a new LL to take place.