EURAUD 4HPrice making a higher low now after a strong bullish break to the upside out of consolidation.. Should have a solid buy setup coming up on this pair
Break
DXY 4HAfter price made a fakeout to the upside, leading with a strong bearish engulfing. Price as I mentioned was in consolidation yesterday & happened to break to the downside, moving dollar pairs south last night. Price is now heading back to weekly support 88.60 where I will watch for a rejection or bounce back to the upside.
moving towards a major make-or-break pointafter the last rejection from the downtrend lin, we now move towards a major make-or-break point.
If we break the downtrend we could see return to the 61.8 % mark, otherwise a fallback to 50% mark is very likely.
As always: No financial advice, just some ideas!
USDJPY 2HAt an area of minor resistance, where I will watch for a reversal candle stick or break of the counter trendline for entry ..
EURUSD 4HDepending on how this daily candle closes, price may make a pullback to the broken supply zone for a retest, & continue up from there to potentially Make new highs soon as well.
USDJPY 4HSo the downtrend continues.. Price breaking a strong zone to the downside rejecting off both moving averages, now I will be watching for a potential pullback or reversal candlestick pattern to the green zone price is below now.
Have a good weekend!
USDCAD DailyPrice came up to test the 1.30000 region quickly pushing back down 130 pips back below 1.29200 Key level. A lot of important CAD data tomorrow could see a return of bears on this pair.
GBPUSD DailyLooks like price is making another potential flag pattern, & I will be watching for a break & retest of the counter trendline for price to potentially see new highs soon..
AUDNZD 2HPotential short setup here price reached the 50 fib retracement area, now its possibly that a lower low is on the cards next..
NZDCHF 4HPullback complete, watching for a potential short down to previous support, & down for a new lower low possibly as well.
GBPJPY 4HPrice made a significant bounce off daily support 145 area, now coming back for a lower high I will be watching for a potential double top to 147.500 region for a reversal back to the downside..
CADCHF DailyDaily support broken, & the weakness for CAD continues.. going short down to weekly support now
DXY 4HAfter price broke its descending trendline to the upside, price now at an area of fibonacci support. A potential retest to the broken trendline is possible before a continuation to the upside. As long as price remains above the broken trendline my bias is bullish for the US dollar continuing up for the daily double bottom to weekly support price has presented.
EURUSD 4HAfter a false breakout bounce off support 1.20600 area, price now retesting a broken 4 hour ascending trendline. Will be watching to see how price reacts to the supply zone its at, we may see some downside potential this week down to 1.20800. Wait for confirmation! : )
GBPCAD 4HPrice attempting to breakout of weekly resistance after more weak data coming out for the CAD. Will be watching to see how this weekly candle closes. Then I will look for a retest of broken resistance as new support, & we could have a solid swing trade here!
GBPUSD 4HTriangle pattern breakout, now price coming back for a potential lower high before a continuation to the downside..
AUDCHF 4HPotential support breakout / channel break & retest. Will be watching price action when the market opens for a sign of a reversal..
XAUUSD 4HPrice approaching its descending trendline, Since price is in a downtrend making lower lows & highs, a lower high was made & I expect a potential rejection to the 61.8 region for a continuation to the downside for a new lower low to monthly support. Will be watching next week for a break or reversal candle to the zone its currently testing.
Happy trading!
USDCHF DAILYInteresting to see how this pair may play out, price looks to have made a potential "double top" to broken support now resistance. Will be watching price action this week.
GBPNZD 4HAfter another rejection off of daily support, the range for price gets smaller & I will be watching for clues to where price will go next for this week.
CHFJPY 2HBreak of demand zone, now being rejected as a new supply zone, we should see a strong move to the downside this upcoming week..
DXY 4HPrice broke out of its descending trendline with a bullish engulfing candle after todays hawkish speech from Powell this morning. My bias is moving over to bulls on the double bottom after the double bottom off weekly support 88.60 which I had stated would be a potential reversal area a few weeks back. Price is now at a supply zone, where I suspect a potential pullback is now possible (higher low). Will be watching price action closely
