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Friday April 17, 2015
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CURRENCY ANALYSIS
POSSIBLE TRADES_________________________________________
MAIN HIGHLIGHTS & TODAY’S PAIRS
EURO USD - PENNANT TAKING SHAPE FOR NEXT SHORT TRADE
EURO JPY - PENNANT BEING FORMED, BEARISH BREAKOUT?
EURO CAD - 1ST WEEKLY RANGE HIT OF PENNANT BREAKOUT
NZD JPY - PENNANT BREAKOUT CAN RESUME MAIN UPTREND
CURRENCY ANALYSIS
Major Pennant & Outer Uptrend Line broken - Major Support in sight as next target;
Slow, small candles forming Pennant;
New Downtrend started - major gains ahead for JPY;
Pennant Setup taking shape-may lead to next bearish Breakout;
Uptrend Line, Pennant broken, new Downtrend & Breakout;
Weekly Range hit despite setup starting with Weak Candles;
Hovering indecisively at Inner Uptrend Line;
Pennant Setup breakout could lead to resumption of Uptrend;
PAIR SETUPS & SIGNALS NEEDEDNZD JPY Bullish Pennant Breakout
DAILY CHART
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