CAD/JPY - Short-Term-Trade - (Market Update): We previously had a nice -SELL- opportunity for this pair. Which it feel a little bit short on reaching that minor support area (Blue Rectangle shown above). I mentioned this last week that we are still expecting more of a down-side for this pair. If you are in a -SELL- I would still recommend you to hold it. However...
AUD/USD (Market Update): After an amazing bullish movement price has decided to start it's bearish trend. Now this isn't the overall trend. Price has closed -BELOW- our 4H trend since yesterday; but we have entered a strong consolidation. It seems that we have seen price have a trend-line rejection. Which can indicate a possible down-trend towards the 0.79000...
CAD/JPY (Market Update): We have finally broken out of our LONG consolidation zone. However it was easy to catch this sell in various occasions we proffered to keep it at a conservative level. I am still expecting a downside to probably 88.000. We actually had recently a 23.6% pull-back which is something nice to have. So we may be getting close to the last push...
It has been extremely slow; but we should be expecting a huge drop coming. Unless we see a bullish candle close above our trend-lines. I don't think I will be worries about any upside movements. At least for the time being.
XAU-USD.
We had mentioned previously about our possible -SELL- scenario. We were actually in a consolidation zone and we took more of a -conservative- trade and waited for a re-test of the zone. We had a 61.80% rejection when price -closed- below our consolidation zone once again we had a easy -SELL- signal. With our T/P being our Monthly Support which aligned...
CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see....
We've seen this pair break out 4H trend-line and it seems that it's going to be following it's original trend. We did have a small pull-back but it seemed to have rejected from our 4H trend-line. (So I am still in a Bullish bias; unless it would have closed -BELOW- I wouldn't have anything to worry about). My 1st area of profit is going to be a Minor 1H Resistance...
