The pair is in bullish trend what was confirmed last week when it broke above resistance. Currently there is bearish correction going on, which brought price to support area. It is worth to look for some Price Action signals both on H4 and D1 charts.
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Similar situation like on the pair before, but here correction is lasting long enough to look for possibilities to open long positions only on the daily chart.
After strong bullish impulse on last Thursday (630 pips appreciation in one session!) pair was in consolidation and today started breaking resistance. If this attack will be successful I will wait for bearish correction to mentioned level and I will watch H4 chart to find some buy signal.
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Yesterday there was a buy signal on EURJPY. Unfortunately I noticed it during webinar and couldn’t enter position. That’s a shame because SL for the position was less than 20 pips.
Even better signal I missed on this pair. The worst is that I wrote about it in last Price Action Daily Setups and I said that I will watch H4 chart. Unfortunately this signal is already missed, because it would be already closed in 50% and secured at BE.
Pair is in bearish trend and now is testing resistance. It can be a perfect chance to open short position consistent with the sentiment. I will look for signals on both H4 and D1 charts.
Similar situation on this pair. Very clear resistance, which was tested 10 times already in last couple months, can be a perfect spot to open shorts.
Yesterday there was sell signal here. On green I marked Inside Bar setup. On Friday there was a rebound from it and yesterday price broke above 50% retracement of signal candle. This is why I opened short position with SL 40 pips and TP 220 pips.
Loonie clearly broke strong resistance and now it is an opportunity to look for some long positions after bearish correction.