NZDUSD long opportunity WEEKLY TIMEFRAME
- Bullish engulfing candle
DAILY TIMEFRAME
- Double bottom
- Currently sitting in the 'golden pocket' of the fibonacci
- Daily candle closed at the 0.71 fibonacci
4 HOUR TIMEFRAME
- Breakout of the descending trendline
- Again, currently sitting in the 'golden pocket' of the fibonnaci
Small retest likely. Looks like a lovely long trade.
Gemtradesfx
GBPCAD SHORTWEEKLY TIMEFRAME
- Lower highs
DAILY
- Currently in the 'golden pocket' area of the fibonacci
- Failed to break above the 50EMA
EURJPY LongWEEKLY AND DAILY TIMEFRAME
- Seeing a series of higher lows
4 HOUR
- Double bottom
- Would look to enter at the 119.25 area
USDJPY SHORT - Very bearish weekly candle, closed below 50 EMADAILY TIMEFRAME
- We have seen some rejection off the trend line on the most recent daily candle, I would be looking for a pullback up to the 'Golden Pocket' area of the fib, and rejection of the 50 EMA. If we get this, I will be looking to be shorting this pair, potentially long term.
AUDNZD potential LONG after a clear rejection of trendDAILY TIMEFRAME
- We are seeing a series of higher lows
- Some nice long wick rejections off the upwards trend line
- Currently sitting in the 'Golden Pocket' area of the Fibonacci
- Would be looking for a pullback to the trend line and 0.786 Fib.
