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Last week on 13 oct we talked about EURCAD as it had broken lower from a rectangular pattern and the target on the downside was give 1.45000 and 1.44000 respectively. Although our first target was achieved easily but for second target the market closed just about .0007 pips away. Till now we have gained 193 pips approximately on this trade setup and we had risked only 68 pips. It seems to be a very nice set up. From here I expect price to rise a bit and we can see some profit booking this week b…
killer195175's Blog
13 OCT 16 EURCAD
Hello everyone,
Today I have spotted a break and retest of a rectangular pattern in EURCAD.The idea is to sell between 1.4595 to 1.4630 with a stop loss 1.4668 and target 1.4500 and 1.4400 respectively.
Today I have spotted a break and retest of a rectangular pattern in EURCAD.The idea is to sell between 1.4595 to 1.4630 with a stop loss 1.4668 and target 1.4500 and 1.4400 respectively.
USDJPY
CHART : USDJPY
TIME FRAME : DAILY, WEEKLY
TOOLS USED : TRENDLINES, JFOREX PLATFORM
After doing a careful multi time frame analysis of the pair I came to a conclusion that the pair has bounced off from the Weekly support region as shown in chart by a rectangle. If the pair is able to close a week above 104.32 then we can safely say that an uptrend has resumed.
On the other hand on the daily chart we can see a triangle and the price is bouncing from the base of triangle again and again. I expect t…
TIME FRAME : DAILY, WEEKLY
TOOLS USED : TRENDLINES, JFOREX PLATFORM
After doing a careful multi time frame analysis of the pair I came to a conclusion that the pair has bounced off from the Weekly support region as shown in chart by a rectangle. If the pair is able to close a week above 104.32 then we can safely say that an uptrend has resumed.
On the other hand on the daily chart we can see a triangle and the price is bouncing from the base of triangle again and again. I expect t…
AUDJPY
The AUDJPY pair looks like making a pennant which is bullish but the pair is in downtrend from a long time. But seeing the bullish pattern if it is able to break to the upside then next stop is at 80.20 . But looking at the bearish long term outlook I will go with the price that it will follow in case no breakout occurs, and that price will be near 75.85 on 1 Nov 16 at 1200 GMT.
DAILY CHART
4H CHART
The real uptrend or downtrend will be decided only after the pair breaks below or above the sup…
DAILY CHART
4H CHART
The real uptrend or downtrend will be decided only after the pair breaks below or above the sup…
AUDCHF
The AUDCHF pair seem to be in the symmetrical triangle for the past few weeks and if it stays within the triangle then on 1 Nov 16 the pair will be near 0.73850.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.
The real uptrend or downtrend will be decided only after the pair breaks below or above the support line and resistance line respectively.
Happy Trading.