Technical Analysis DayTradeIdeas
Technical Analysis DayTradeIdeas
Daily Technical Analysis is provided by Jason Sen of Day Trade Ideas, who has been day trading since the late 1980’s. Jason has been a contributor of Traders Summit since the beginning. He primarily focuses on providing technical analysis of the financial markets, including stock chart patterns, Forex and Metals setups, and other useful technical analysis.
Join Telegram https://t.me/daytradeideas
Today’s Trade Ideas:
A potential double top forming in USDJPY after last week’s rejection of the 2022 high at 151.94. If this starts to play out we could fall as far as 140.00 in the coming weeks. It would be great for traders to be able to take advantage of some downside momentum in the pair.
Especially when I could show you so many dollar pairs in sideways trends…but I will not waste your time again this week!!
So it remains so difficult to find low-risk opportunities. However, despite the AUDCHF 5 month sideways move I think it is worth a short at the Fibonacci & 5 month trend line resistance at 5820/40.
NZDCAD breaks out of the 11 month bear trend to the upside – I have today support at 8270/40. Longs need stops below 8240. Short term targets: 8300, 8330, 8350.
Please email me if you need this report updated or Whatsapp: +66971910019 – To subscribe to this report please visit daytradeideas.co.uk or email jason@daytradeideas.co.uk
Jason Sen, Director
https://www.daytradeideas.co.uk
20231122
