FX:CADJPY   Kanadischer Dollar/Japanischer Yen
Running into some fib confluence at an important structure zone on the daily. Fib inversion and fib extension.
Will see how this develops. Possible double top .
Will see if price action on lower time frames shows that bears can take control of this market.

If we break and close above the 82.25 level we could breakout to the upside, with a lot of room for bullish action.
Kommentar: I am short here.
My stop is at 82.55 my targets around 81.
Lets see if the 1618 holds.
1618 is usually a great deciding point, it holds and reverses or its breaks down and confirms the trend direction.
Kommentar: Back to back rejection candles on the 1H RIGHT off the 1618.

Kommentar: RSI divergence
Trade geschlossen: Stop wurde erreicht: Stopped out with minimum loss. Tightened stops because of close over 200 DMA on daily.
Will wait for an opportunity to go long
Kommentar: Glad I saw the price action, tightened my stops and got out with very insignificant loss. Ability to adjust and not be close minded on your position is key. Like I said in the original post, close above 82.25 and 200DMA would see bullish action. Great to see this result verified. We even retested the level for a chance to get involved, although I was not able to participate. Being correct in an analysis is more important than making money.
Good analysis @VitruvianTrader
Antworten
Its hanging around that point isn't it.... teetering
Antworten
tightened my stop , because on the daily we closed above the 200DMA @The_Duke,
Antworten
The_Duke VitruvianTrader
@VitruvianTrader, Yep, looks like it's fighting its way up there.
Thanks for the heads up.
Antworten
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Startseite Aktien-Screener Devisen Signal-Finder Kryptowährung Signal-Finder Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden