GBPCHF 4HPrice is at daily support / trendline support. It is very likely that price from here can see a bounce back to the upside, however if we get a break & retest to the downside I will be looking for potential shorts..
Break
TenX Pay is trying to break its resistance lines. Hope it will clearly breaks the downtrend line and also breaks the red horizontal resistance line in coming days. Happy Pay Days ahead!!!
NZDUSD 4HPrice finished off the week with a bullish engulfing weekly candle close, rejecting at a key weekly support level. Seems to have broke out of its 4 hour channel as well as breaking & closing above daily resistance turning support. I will be looking for buy opportunities if price can stay above daily support its above now .!
AUDJPY DAILYPrice is in a downtrend making lower lows & highs after breaking its weekly uptrend, price may touch the 61.8% level before continuing to the downside.. Expecting a lower low this upcoming week...
GBPNZD 4HNice potential setup, price trapped in a small range & is due for a breakout shortly. Watching for a break of the uptrend line & retest for shorts.. A break of resistance may send this pair to the top of its channel..
HOFT - Upward channel breakdown from $40.43 to $32.43 & LowerHOFT is breaking down from an upward channel formation. Twiggs money flow is deep on the negative side, and there was some insider selling. We think it has good downside potential if it breaks its recent support label around $40.43
* Trade Criteria *
Date First Found- December 14, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Break of $40.43
Exit Target Criteria- 1st Target $32.43, 2nd Target $25.13
Stop Loss Criteria- $45.13
Indicator Notes- Twiggs money flow deep on the negative side.
Special Note- Some insider selling in September
Please check back for Trade updates. (Note: Trade update is little delayed here.)
TRMB - short from current price to $32.57 & $40 May-18 Puts TRMB is just breaking down through support from a beautiful upward channel formation. Money flow is very negative, and it has massive insider selling.
We think it has very good downside potential. This would be a good stock short however, we would also consider $40 May-18 Puts.
* Trade Criteria *
Date First Found- December 13, 2017
Pattern/Why- Upward channel breakdown short
Entry Target Criteria- May $40 puts
Exit Target Criteria-1st Target $32.57, 2nd Target $28.63
Stop Loss Criteria- $44.17 or $42.13
Indicator Notes- Moneyflow divergence
Special Note- Massive insider selling, big on % wise
Please check back for Trade updates. (Note: Trade update is little delayed here.)
EURAUD DAILYPrice now near its daily uptrend after moving over 200+ pips this week.. Price is rejecting nicely, could we see a bounce from here!?
GBPCAD 4HWatching for a break above resistance for potential buys. GBP news in the am coming shortly, could see a strong move to the upside
USDJPY 4HPrice broke its uptrend line, FOMC meeting went bearish & the dollar will continue weaker I believe.. Watch for a potential retest to the 50% fib or a break & retest of the support price is at now..
CADJPY 4HPrice is looking to break lower to the downside, I will be watching for price to break the 38.2% fib level & retest below the CTL for potential shorts, further confirmation needed so I will wait until price plays out : )
EURNZD DAILYPrice is now at a decision point (Uptrend line) where im watching for a break & retest or a bounce to the upside, as it looks like price is sitting on the 50% fib as well. Will need extra confirmation because the 50 fib is not always 100% accurate..
XAUUSD 60 (GOLD)Simple support and resistance in play, price broke a strong area of daily support & came back to retest, now looking for a continuation of the downtrend to the next level of weekly support at the 1225 area..
EURCAD 4HPrice rejecting daily resistance multiple times, showing there is a higher probability of shorts.. However I will be watching for a break of the CTL & retest before entering short. If price breaks above the resistance its testing currently, I will look to buy up to weekly resistance. Lets see how price action plays out!
EURNZD The KEY LEVELS could be broken.
Stay tuned guys, because if the price break it , it will be bearish for long term !
i placed some sell stops
AUDUSD DAILYPrice making its 3rd touch to its weekly ascending trendline, usually the 3rd touch will be the strongest impulse, & looking at DXY there is a good potential of shorts.. So I will be watching this upcoming week !
EURUSD DAILYPrice is at a decision point near 1.17450 daily support, will price break lower or respect its uptrend line & bounce back to the upside? We will have to wait & see. Also looks like a potential inverse Head on shoulders pattern, so we could see bulls come back in.. Patience is the key
GBPAUD 60Rising wedge pattern, watch for price at the 3rd touch to bottom trendline or a break to the upside for buys! GBP Data at 1:30 am (Pst) can give this pair a nice boost to the upside potentially
EURUSD DAILYSupport and resistance levels drawn, price broke its daily channel to the downside, may come to retest before continuing lower. Watching for a 4 hour close below 1.18100 ish area before shorting .. Price could potentially come down to retest 1.14600 (Weekly zone) before continuing higher..
XAUUSD (GOLD)Watch for a break of channel bottom for long term potential shorts! or a bounce up towards monthly resistance. Price is at a decision point right now & will have to choose a direction soon
