EURJPY Bearish Cypher - 31st March, 2014
Hourly Chart
- From my earlier analysis - EURJPY Forecast 31st, March 2014, I noted potential levels to look for, price has accelerated very quickly during london, and has past our first resistance area., Which now could come to our next resistance where a bearish cypher and trendline comes in
Outlook Trade opportunity
Bearish Cypher
Risk Level - Medium
Tips -
Always take note of any economical news event on our provided calender below
CADCHF Forecast & Trade setup 31st March, 2014
Daily Chart
Hourly Chart
- Although the Daily, Hourly charts MA has not crossed , on the H1 , price is trading below the 50ma
- Also 15min has crossed, and 30min is very close to being crossed
- With the Daily Candle Shooting star from a Good Resistance and with a sharp drop in price in the H4, shows good indication of a bearish trend for the week
Outlook Trade opportunity
I am already on a short during the asian session on Monday, If prices go retrace to teh highlighted level on my H4 chart above, it would be a good opportunity for a short for a smaller risk.
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
