XAUUSD SHORTStill seeing some short term potential sells. We've rejected the 100MA, the descending trendline and the 0.618 FIB
Gemtradesfx
AUDUSD LONGNew higher highs and higher lows forming, several rejections off the ascending trendline, as well as the 0.618 FIB
NZDCAD LONGSeveral touches and rejections of the ascending trendline. Most recent rejection lines up nicely with the 0.618 FIB.
New higher high formed with several higher lows.
XAUUSD SHORTRejection of descending trendline and 0.78 and 0.71 FIB.
Closure below the 50MA on the 1hour.
USDJPY SHORTStill in a downtrend with several rejections of trendline, creating new lower highs, failing to make higher highs.
Perfect wick rejection of the 0.618, which lines up nicely with the 50MA, descending trendline and the resistance area.
CHFJPY SHORT4 HOUR - Rejection of the descending trendline, 100MA, 200MA and the 0.71 FIB.
Failure to close above the resistance.
NZDUSD LONGBreak of descending trendline, forming new uptrend, creating new higher high and higher lows.
Rejection of ascending trendline and 0.5 FIB
USDCAD SHORTNice wick rejection of 0.71 FIB and descending trendline as well as rejection of the 100MA
GBPCHF LONGBreak of descending trendline, forming a new uptrend, creating higher lows and higher highs.
We have seen some GBP strength this week so hopefully this will continue. Risk to reward ratio of 1:3
CADCHF LONGRejection of ascending trendline and 0.5 FIB.
Also rejected 50MA on the 1 hour. Nice small stop loss for this one with an open TP.
GBPCHF longBreak of descending trendline, creating a new ascending trend, forming new higher lows and higher highs.
Nice rejection of 50MA and 0.71 FIB
EURCHF SHORTFailure to create a new higher high, failed to close above the previous two resistance areas and descending trendline.
Entry likely around the 0.618 FIB area if it rejects
EURCAD LONGDouble bottom, new higher lows forming, looking for a buy back up to the 50MA at least.
0.618 FIB lines up nicely with the ascending trendline which price is currently rejecting.
AUDJPY LONGNew higher highs, break of resistance, expecting a pullback to newly formed support, which lines up with 0.618 FIB
USDJPY SHORTWe have seen a break of the previous support and looks likely to be turning into a resistance zone.
Looking for a pullback and a rejection of the support - turned - resistance before entering a short, entry likely to be around the 0.618 FIB
EURUSD LONGWere looking at a change in direction for this pair.
We have seen a break of the descending trendline after a lot of bearish movement. Forming a new higher high, likely to be a small pullback/retest before making further upside movement. A good entry would be in the golden pocket area/rejection of the 50MA.
GBPJPY SHORTSeveral touches and rejections of the descending trendline as well as the 50MA. Currently sitting in the golden pocket of the fibonacci.
GBPCAD potential SHORTThree clear rejections of the descending trendline,
Currently in the 'golden pocket' area of the fibonacci. Would be looking for a nice close below the 50MA before entering a short on this pair
