- Double Bottom at 1.07 -Respecting Trendline -Mini DoubleTop for Pullback Entry
This the short opportunity I see on CadJpy. Price once again has rejected at the 78.00 region. Before this price had trended up to form a rising wedge and now has broken lower again. I will be hoping to take this pair back down to the support area at 74.000 again.
Last week seen a lot of bullish momentum on this pair. This momentum formed at the bottom of a falling wedge. Price broke above a key resistance level, I now will be looking for a retest of this level to take a long. Price may even fall lower but this trade will not be invalid until there is a strong closure below.
Looking to get into the continuation of the bearish momentum on this pair, a retracement looks to be occurring, I will have to wait for market open to see if price has begun its move lower or if it could possibly form a tight flag first. Either way this looks a very good setup on this pair.
Following a lot of bullish momentum on this pair since september, it now looks as if price is beginning to look exhausted. We had an impulse, correction and continuation of the bulls since september, but in the last few weeks price has slowed its ascent and this has formed a ascending channel on the 4 hour. Within this channel we have had 2 touches to the...
A possible trade for next week forming. Price has made a strong bearish impulse lower with a wicked candle. Price action looks to be forming an expanding pattern ,with a third touch of the top structure a possible next destination. I would be looking for price to consolidate first and an entry may become available within the support zone . One I will be watching...
Following last weeks bullish breakout of the flag that had formed. The price now has pullbacked and consolidated, getting ready for its next move. On the hourly timeframe this can be seen, this corrective structure is beginning to look like a bullish flag. The breakout of this structure will determine either a continued bullish outlook or and even deeper...
On the weekly on the USDCHF we are in a corrective ascending structure. On the daily TF within this channel we have also formed another ascending channel, which we have just seen a retracement off the the third impulse or push. On the 4hr this third push is represented as a flag and it will be the breakout of this flag that will determine if there is a possible...
Awaiting a breakout on the 1hr bullish pennant. Looking to capitalise on another impulsive move. Risk to reward looks good as well.