CAD/JPY

Closed.

why close? let it run to 85

I can not see it going through 78.6%

But, anything can happen!

Targets -

http://imgs.su/tmp/2012-05-31/1338462957-575.jpg

still down trend ...

cad/jpy - 1h, 4h, Daily & (4h-before) - added short scalp @ 78.00 , maintain short @ 84.85 and that long scalp (3 positions). Will put be+1 to each of them when market open.

Short's Objectives : 78 / 74 / 73 / 72 (long-term).

edit : (1) ref previous post # 19.
(2) correction : 15m changed to 1h tf.

This is my analysis.

Shorted , 30 sl / 45 tp

Giving this another shot at 78.53 for a ride down to 70.72 hopefully.

Getting out of this for a small profit at 78.19.

USSDJPY and USDCAD both look strong. Going long on both pairs.

Here is my view of the daily chart.

Bull trap for a short off daily 100% bearish fib (red fibs) and bullish 161.8 bullish fib - short to 138.2 bearish fib.

Then waiting for a long signal.

Forex Untangled

Triangle break. scalp short/target 7830/7820. nonlinear hourly confirms the target.
Edit typo target 7930/20

Exit at 7925. Will probably sidewalk untill the cad news. Then... ??? I'nt know.

scalp short 7945.
and sell PO at 55 and 65

Exit at 7935. It's a pity that I don't have the guts to long it and scalp both way ;-)

In non linear trend line it's bearish if close under 7940 in 4h. chart later if it interests someone.

Exited too soon from my short. I was nervous and expected a bounce at 30 (magenta line in my 1m chart) It does'nt happened. Waiting now for the test of the low of the day at 20. If it goes further south, 7880 is the target if I can believe in my non linear trend line.

If this H candle close below the red lines, target is at <7850

I'll post later the 4 and 8H charts. Good luck, I shorted at 7930.

charts

Exit at 7920. Have given back to the market most of my profits. Grrrr !!!