AUD/CAD Analysis

Bearish Pinbar Candle on the daily timeframe. Trend is down. 10025 previous resistance now support, swing point broken. Moving averages crossed down and diverging. Order to go short as per below: STOP: 10076 ENTRY: 10024 ( 50% retrace) LIMIT: 9846 RISK/REWARD: 4/1

CAD/JPY Analysis

Bullish pinbar candle formed on the daily timeframe. Trend is up. Bounce near 9455 support. Moving averages still crossed over but on the negative side no longer diverging. In terms of a Elliott Wave perspective, this is the 5th wave up after the 4th wave retraced 38.2%. I believe this still has some legs some putting in a order to go LONG STOP: 9459 ENTRY: 9503 (50% retrace of the pinbar candle) LIMIT: 9679 RISK/REWARD: 4/1