From our previous USDCAD AnalysisOur Yesterday's Gopher Setup Seems to be playing really well, Taking Out partials and leaving the rest with breakeven might not be a very bad idea afterall
Gopher
Optimism for the Gopher or its smoke and mirrors?USDCAD seems to be continuing with its long term Bullish trend. Is this some kind of a trap or its indeed on ascension?
From our previous Projection of the USDCADFrom our previous Projection of the USDCAD, Do you think the Cad will break the resistance level or Bears about to continue with the bearish trend at the resistance level?
Ninja Ascending Broadening Wedge - Day TradingI currently see a large Ascending Broadening Wedge pattern on the H1 Time-frame and a small potential channel. Based on the pattern, I reckon Ninja will potentially retest the bottom wedge line as long as it stays inside the white channel.
This week, we need hints from the high-impact incoming US data to decide whether we will buy at the bottom wedge line targeting 147 or keep selling if the price breakout below the wedge line until 139.
If we see DXY, It seems to have already reached the "TOP" chart attached below
But unfortunately, JPYX is still crashing badly
short usdjpyseems to be time to short usdjpy for a lot of reasons. so, short Gopher and wait for 200 pips profit.
USDJPY SETUP 1:4.5After a long bullish trend we are starting to see signs of a reversal.
I noticed a bearish wedge pattern beginning to form.
So far, we have broken out of the pattern and managed to retest - to some extent.
I have set the entry at a level where resistance had turned into support.
I have set the stop loss at a level where support turned into resistance.
If this level is broken then I believe that the pattern is no longer valid.
The take profit has been set at a level where there was previous resistance and that was broken.
USDJPY SETUP 1:4After an amazingly bullish week in USDJPY we could look see a retracement back down to the dynamic support level before another rise.
Using my adopted shadow trendline technique I was able to identify the different bounce points in the bullish channel.
I would not take this trade purely because it is a short in a bullish market however, advanced traders should have no problem executing this trade.
Gopher, The up should be hereAs you may know, since 2017-18 we are waiting for the uptrend but it still expanding the correction in the same place.
So if it wants to start it, the US Election is the only thing has left on our list 😁
Watch the break out as shown on the chart.
Happy Trading, Stay Green! ✌️
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Forexian does not take any responsibility for your decisions and/or trades.
Gopher, another buy activated The trade is active. Watch the marked areas shown on the chart.
Happy Trading, Stay Green! ✌️
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💬 Please let me know your view about the idea
🔗 Check out the "Related ideas..." in the links below too
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USD/JPY 30 mins to Daily Analysis USDJPY 30 mins to Daily Analysis o/s levels in indicators and oscillators
USDJPY support levels could reach above +100 pips resistance
Economic calendar release Non-Farm Payroll positive expected
and negative economic calendar release for JPY house spending
Could This Be The Rally?I have been waiting for a reversal to start the rally on GBPJPY for wave 3 on the weekly time frame. I think this could well be the turning point. A break of the blue trend line will confirm the reversal but I am already looking for an entry point.
Happy trading!
Linton White
JP Markets
South Africa
GOLD: mirror snapshot with USD/JPY dailyHi Guys,
if you followed my previous posts and believe that an inverse correlation exists between the two, you understand how these markets can be traded in every timeframe with high probabilities of success. I hope it helps but if you have any question please do not hesitate to contact me.
Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.
Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
