EUR/CAD 1H Chart: Ascending Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/JPY 4H Chart: Triangle Comment: Our bias towards the Euro against the Yen is strongly negative. EUR/JPY is right at the apex of the consolidation pattern it has formed after a decline. Accordingly, we expect a break-out to the downside. At the same time, a majority of the technical indicators in all three relevant time-frames is giving a distinct ‘sell’ signal. Once below 127.70, the initial target will be the monthly S2 at 126.80, while the main demand area is seen at 126.12, represented

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