CadJpy coming close to 618 retracement, extremely oversold.

26 thg 7, 2016

There's not a great deal of analysis behind this trade, it's coming from a sort of double bottom, it's approximating the 0.618 retracement and it's way oversold in h1 and entering oversold territory on h4.

Even if we merely get a dead cat bounce there, we should have time to move stops to breackeven. I've never seen a price not bounce even a little with an RSI below 13.

Targets: the yellow trendline and then let it ride free..

31 thg 7, 2016

Ghi chú

This trendline is another great entry oportunity:

31 thg 7, 2016

Ghi chú

2 thg 8, 2016

Ghi chú

Broke the trendline and came back, pullback to continue fall or rejection off the zone?