we are going long now on eurjpy , this pair have been respecting the channel after it change direction of the price since September hitting the major support. looking at the market structure, it broke a resistance level and retest it forming a bullish engulfing so we expect price to keep going up till it hit the next channel line. thank
GBPCAD double top formation on h4 and daily chart last week , with bearish engulfing on H4 chart confirmed. we are selling to till price hit the neckline of the formation and look for price action at the neckline.... if neckline break then we look more for sell setup. but brexit stuff will determine that . thanks and comment are welcome
USDJPY form a compression on daily time frame and ENDING DIAGONAL using wave analysis , using the swing high and swing low of last week , then i place the entry at 50% fibonaccci ratio, for the sell entry and i see the take profit target at the support of 106.80 . thanks
AS we can see, partaking to my last posted analysis , we can see DXY DOLLAR INDEX going down and gold have negative correlation with this pair, so i believe gold still have more room to to by till 1532 QM level before it start selling , may be US-CHINA DEAL might trigger the sell to that take profit target but right now they wont to stop hunt the seller with that...
IM sorry for posting this analysis late... i just start posting on trading view , i have been in the trade since last two weeks and my forcast is working well , i still see DXY down to the take profit , unless it is ultered by the US-CHINA TRADE WAR deal.... sit and enjoy
weak interest rate from cad which make the cad so weak on thursday.... then we see price of cadjpy back to hit the trendline before the shoot up , though price will retrace to that sell entry which is 50% fibo retracement level . so enjoy and be patience with your trade. thanks
This is daily quasimodo set up which works like nature law. price gonna move down to those take profit target in coming weeks. this is advance part of quasimodo called fake out zone strategy