XAGUSD - SWING SHORT idea Price made a false breakout of the previous week high with a strong bearish reaction. Also, the start of the new week will probably be manipulation with distribution lower.
A great sign of weakness is when the new week candle open, makes a false run on one side with a a sweep of liquidity (many traders are trapped), and then distributes on the true side.
Fxsignals
AUDUSD: Pullback From Resistance 🇦🇺🇺🇸
AUDUSD may keep retracing from a key daily structure resistance.
The price formed a cup & handle formation on that on an hourly time frame
after the market opening.
Its neckline was broken during the Asian session.
The pair may reach 0.6263 support soon.
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AUDJPY: Pullback From Resistance 🇦🇺🇯🇵
AUDJPY may retrace from a key daily/intraday horizontal resistance.
As a confirmation, I spotted a double top pattern on an hourly time frame
with a confirmed breakout of its neckline.
We may see a retracement at least to 97.7 level.
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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GBPAUD: Pullback From Support 🇬🇧🇦🇺
I think that there is a high chance that GBPAUD will bounce up.
I see a nice confluence between a daily horizontal support
and a support line of a horizontal range on a 4H time frame.
The price may pull back and reach 1.9468
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EURGBP: Pullback From Key Level 🇪🇺🇬🇧
I think that EURGBP may retrace from a key daily horizontal resistance.
After its test, the pair broke and closed below a support line
of a rising parallel channel on an hourly time frame.
The market may reach 0.8544 level soon.
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NZDCAD: Bullish Sentiment Confirmed?! 🇳🇿🇨🇦
NZDCAD has a nice potential to grow after a test of a major rising trend line on a daily.
I see a clear sign of strength of the buyers on a 4H time frame with a double bottom formation
and a confirmed change of character.
I think that the pair will reach 0.82 level soon.
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AUDUSD: Shorting After Breakout 🇦🇺🇺🇸
AUDUSD is retesting a recently broken horizontal support.
The price formed a rising wedge pattern after a breakout
and a double top formation after a retest.
Neckline and a trend line of both patterns are broken.
We can expect a bearish movement at least to 0.6537
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AUDUSD: Bearish Outlook For Next Week 🇦🇺🇺🇸
AUDUSD broke and closed below a key daily structure support.
After its violation, the pair started to recover steadily within
a rising wedge pattern.
Retesting the broken structure, the price formed a double top pattern.
After that, the market violated both the neckline of a double top and a trend line
of a rising wedge, giving us a strong bearish confirmation.
We can expect a bearish movement on Monday.
Goals: 0.6537 / 0.652
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NZDCAD: Classic Trend-Line Trade 🇳🇿🇨🇦
NZDCAD tested a major rising trend line on a daily.
After its test, the price formed a narrow range on an hourly time frame.
The resistance of the range was broken.
It is an important sign of strength of the buyers.
I bought the pair with 0.8156 target
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AUDJPY: Time For Pullback
AUDJPY may bounce from a key daily structure support.
After its false violation, the price formed a double bottom pattern
on an hourly time frame and broke its neckline.
Looks like the market is too oversold and it may bounce to 101.35 resistance.
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EURCAD: One More Bullish Pattern 🇪🇺🇨🇦
EURCAD formed a bullish flag pattern on a 4H time frame.
The upper boundary of the flag was broken during the NY session yesterday.
I think that the pair has a nice potential to go higher.
Next resistance - 1.501
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EURCAD Will Keep Growing! 🇪🇺🇨🇦
As we discussed on Friday - EURCAD broke and closed above a resistance line
of a bullish flag pattern.
I bought the pair after the market opening on a retest of a broken trend line.
We can expect more growth and a test of a current high - 1.497
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EURCAD: Time to Buy 🇪🇺🇨🇦
EURCAD will most likely keep growing.
After a correctional movement to a key horizontal support,
the price bounced and violated a resistance line of a bullish flag pattern.
The release of Canadian fundamentals also strongly support the pair.
The price may reach 1.4957 level soon.
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GBPNZD: Bullish Trend Continuation 🇬🇧🇳🇿
GBPNZD leaves clear bullish clues after quite an extended
correctional movement within a symmetrical triangle formation.
A breakout of its resistance line indicates a highly probable bullish
trend continuation.
The price may reach 2.152 level soon
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Looking for USDJPY Set UpsLooking for potential set ups for UJ buys/sells. I was bearish a few days ago with my analysis and profited over 150 on that amazing drop that all JPY pairs dropped into. However, we could be in for a mini reversal until when we see the support trend potentially break. Rising wedge is looking like we can take a possible bearish move in the future.
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GBPAUD: 2 Bearish Patterns 🇬🇧🇦🇺
I see 2 bearish patterns on GBPAUD.
The price formed a rising wedge pattern.
After its support breakout, the market also formed an inverted cup & handle formation.
Both patterns confirm the overbought state of the market.
We can expect a retracement at least to 1.912
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