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Breakandretest

Potential Trend Reversal on EURCHFLooking at EurChf, we could be seeing a potential buy setup form. Price is having trouble breaking the weekly significant level after multiple attempts to wipe it out. A weekly non-horizontal support level is also identified for confluence that a bullish push may be in sight. If price could manage to break the daily resistance level and pullback with a retest as support, I would wait for some bullish confirmation before placing a buy entry. I'll wait to see if this ends up playing out.
Long
by CapitalHillFX
Potential Buy Opportunity on AUDUSDLooking at AudUsd, price has been in a steady sell off since the market opened at the beginning of the week. We have now approached a weekly support level, and price is beginning to bounce. Just looking at the market structure, it seems that the pair is relatively oversold and a potential retracement towards the H4 horizontal resistance level is very viable. Scoping down to the 1H chart, I'll be waiting for price to break and retest this minor swing level before looking at possible long options towards the resistance level.
Long
by CapitalHillFX
Potential Sell Setup Forming on EURJPYEurJpy looks very interesting for potential sell opportunities. Price is continually creating bearish market structure, and a downtrend area has been developed. I'll be waiting for a full retracement back to the daily significant level before looking for sell orders. To add confluence, we have an H4 trend line area that price could potentially reject away from as well. Looking for another lower high to be made, then its off to the races. Patience for now.
Short
by CapitalHillFX
Buy Opportunity for USDCADTurning to UsdCad, I still have a bullish bias for this pair. I expect a bullish rally to reject at a major level of interest. Price has recently rejected away from an H4 horizontal level. I'll wait to see if price could crack the H1 horizontal level before retesting as support. If we could crack this resistance, this would show a sign of strength and buy opportunities would be interesting following bullish rejection from the zone. Just patience for now.
Long
by CapitalHillFX
Sell Opportunity on EURUSDLooking at EurUsd, we could be seeing a potential sell setup forming. Price has created bearish market structure for the past couple months now, and I'm looking to capitalize on a short-term movement. Scoping into the 4H, I've identified a horizontal level that seems to be of interest. Price has broken and retraced back to the level to test as resistance. Looking into the hourly timeframe, I've also identified a minor horizontal zone to trigger if significant rejection is present from the major level. If we could get a break and retest of this minor H1 horizontal zone, I'll be looking for sells.
Short
by CapitalHillFX
Sell Opportunity on CADJPYLooking at CadJpy, price seems to be creating bearish structure ever since we've rejected away from the weekly resistance level. This could signal us that more downtrend structure is in store. Looking at the 4H timeframe, price is currently sitting around a significant H4 level that is acting as support. If price could crack this support and retest as resistance, this would be an interesting sell opportunity. I'm definitely keeping my eyes peeled for this one.
Short
by CapitalHillFX
Possible Buy Opportunity on USDCADLooking at UsdCad, we could be seeing a potential buy setup forming. At the end of last week, price closed below the hourly horizontal level that is clearly identified. At market open, price had a bullish push past the level is currently pulling back to retest as support. If price could present bullish rejection by wiping out the M15 horizontal level, that will identify a sign of strength for me. I'll be waiting for a break of this market structure before thinking of buy orders.
Long
by CapitalHillFX
EURUSD Analysis: Week 7/12/21 - 7/16/21Right now I'm seeing a short term opportunity to buy. I like the break of the yellow trendline and a break/retest of the blue zone is when I'll try to find an entry. News I'm watching out for. (all pairs) Comments about the timeline of interest rate hikes. Comments about quantitative easing (tapering or not). Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand projections returning to pre-pandemic levels earlier than expected. Any news about vaccines being ineffective against new variants of the virus. News about more lockdowns due to virus variants. GL Traders! "You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ." - Warren Buffett
Long
by natron
Possible Trend Reversal for GBPYJPYMoving onto GbpJpy, price has been creating bearish market structure ever since we've rejected away from the weekly resistance level. This leads me to believe that a trend reversal may be in the works, and we could have some more bearish momentum ahead. Taking this into consideration, I've identified an H4 significant level of interest that could accelerate price towards the downside. I would like to see a little more of a pullback to 151.400 before continuing it's bearish rally.
Short
by CapitalHillFX
Possible Trend Reversal on CADJPYLooking at CadJpy, we have some interesting bearish structure forming ever since we've rejected off of the weekly resistance level on the long-term charts. We have just recently broken some market structure by violating a daily significant support level with a bearish candle closure. Before the bearish continuation, I anticipate that price will retest this level and extend back to 88.000. This psychological value adds some more validity and the structure of the level seems clearly defined. Just waiting on a break and retest of this level. Simple stuff.
Short
by CapitalHillFX
Buy Opportunity on USDCHFLooking at UsdChf, we've seemed to sink below the significant H4 level for a brief consolidation period. Then price popped back above the level and tested it as support. Once we tested the level, bullish rejection was clearly apparent which caused a strong bullish rally past the significant H1 level. Now that we are sitting past this level, I'll be waiting for a retracement back for another test as support to see if we could get some bullish rejection. If bullish rejection is apparent from the level, I'll be ready to buy.
Long
by CapitalHillFX