Trade plan 01 November 2016

CADJPY Daily

-Daily chart Price Action Price formed a strong bearish trend also forming a descending triangle, Price also bounced off the 61.8 fib zone Stochastic is currently oversold Market The 55 and 21 Moving average indicate and end in the bearish market

CADJPY H4

-H4 chart Price Action Price is currently at weekly support pivot point(WS1), Price broke through the bullish trend line forming a lower high, Price appears to be forming a head and shoulder patten Stochastic is heading to the oversold zone and is currently at the 50% line Market The 55 and 21 moving averages confirms the bearish market

CADJPY H1

-H1 chart Price Action Price is currently at daily support pivot (DM2),Price action also formed a descending triangle ,Price broke through the support psyc level of 77.9000 Market The 55 and 21 Moving average indicates a bearish market Planed Entry Looking for a pullback to the 77.900 psyc level followed by lower highs and lower lows on the M15/M5 Entry:77.900 SL: 78.494691 TP: 76.417004

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