During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...
EUR/JPY: bears are laying down conditions
2019-11-11 • Updated
Recommendations:
SELL 130.85 SL 131.4 TP1 129.85 TP2 129.15 TP3 127.4
SELL 129.35 SL 129.9 TP1 128.35 TP2 127.4 TP3 125.75
On the daily chart, EUR/JPY keeps forming a “Shakeout-Fakeout” pattern. The return of the price to the middle of 129.15-132.15 allowed forming short positions. To continue the decline, bears need to pull the euro below 129.15.
On H1, EUR/JPY reached 113% target of the “Shark” pattern and the risks of a pullback to 23.6%, 38.2% and 50% of the wave CD increased. Such corrections are usually used for selling.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone