CHFJPY potential SHORTWe have now seen a break of the ascending trendling.
If price pullsback to the trendline to retest and reject the 50EMA, I will be looking for a sell on this pair.
Gemtradesfx
AUDJPY potential LONGSame as AUDUSD idea. Want clear rejection of trendline and 50ema.
If breaks the TL and retests, could change to sell bias
NZDCAD potential buyIf price fails to break the descending trendline and 50MA will be looking for another buy on this pair.
EURUSD ShortIf we break the first target (50EMA), will be looking for a more long term sell.
Several rejections of the resistance zone
Rejection and failure to break the descending trendline.
Potential GBPUSD ShortLooking for a break and retest of the trendline, a break of the 50 EMA, both of which line up perfectly with the 'golden pocket' area of the Fibonacci.
EURCHF SHORTLooking for pullback to trendline and 50ema, which lines up nicely with the 'golden pocket' area of the fibonacci.
If this plays out, will be entering a short for this.
CADCHF SHORTShort term sell for this.
Looking for a move back to the trendline and 50 ema before further upside movement.
Hit resistance on the 4hr and 1hr
GBPUSD SHORTSeveral rejections of the yellow resistance area, rejections of the descending trendline and 200sma. Lines up perfectly with the 'golden pocket' area of the fibonacci.
AUDCAD Long1 HOUR TIME FRAME
- Rejection off the 50 EMA
- Rejection off the 0.236 Fibonacci
- Several rejections of the ascending trendline
4 HOUR TIME FRAME
- Previous 4 hour candle had large wick rejection off the trendline
Possible retest of the trendline
