SHort @ 88.77 TP: 88.1 Sl: 88.90
- Joined Jul 2011 | Status: Bearish AUD | 6,684 Posts | Online Now
don't known where the move but keep eyes on the big player moves where they want to move the market.
Don't trade your heart, trade your chart!
4 Daily Signals All Time Return:
6.9%
- Joined Jul 2011 | Status: Bearish AUD | 6,684 Posts | Online Now
This pair could get interesting Looking at the Forex Strength Meter since the start of this yeas, CAD is the strongest currency, JPY the weakest So, in case of retracement we may see up to 900 pips move
Don't trade your heart, trade your chart!
4 Daily Signals All Time Return:
6.9%
{quote} That situation has reversed {image}
The pair was at the top between the end of May and the beginning of June, then it started to go down, so your chart (which starts from July) shows the opposite situation.
On the annual, the imbalance is still strong, and there is still a long way to go before it closes. Then the possible Head & Shoulder on the chart gives the target
- Joined Jul 2011 | Status: Bearish AUD | 6,684 Posts | Online Now
Bearish 4h candle on 4hr resistance
Better check the Bullish Engulfing on Weekly
Don't trade your heart, trade your chart!
4 Daily Signals All Time Return:
6.9%
- Joined May 2021 | Status: Member | 504 Posts | Online Now
Grit; Knowledge; Consistency; all you need to overcome & KIS!!!
- Joined Jul 2011 | Status: Bearish AUD | 6,684 Posts | Online Now
The bigger picture here is Lower High and Lower Low
The daily candles have these price action signals or patterns if you will:
- Pin Bar
- Inside Day
- Bearish Engulfing
- 4-Bar Fractal Signal
- 5 EMA cross 12 EMA down
- Lower close of the previous day
- Lower close of the previous week
Similar price action for all JPY cross pairs; I suggest watching these next week and going forward.
Of course, there will be reactions and retracements, be patient, look to 1-Hour for reversal and continuation to the downside.
Good Luck All
The daily candles have these price action signals or patterns if you will:
- Pin Bar
- Inside Day
- Bearish Engulfing
- 4-Bar Fractal Signal
- 5 EMA cross 12 EMA down
- Lower close of the previous day
- Lower close of the previous week
Similar price action for all JPY cross pairs; I suggest watching these next week and going forward.
Of course, there will be reactions and retracements, be patient, look to 1-Hour for reversal and continuation to the downside.
Good Luck All
Don't trade your heart, trade your chart!
4 Daily Signals All Time Return:
6.9%