Indonesia
USDIDR Points Towards Continuation of WeaknessThe USDIDR also trends with its peers in Singapore and Thailand for continued downward movement. Although weakness in the past week is showing weaker signals in RSI and the bull bear crowd sentiment indicator, nearly all exponential moving averages suggest further continuation of the trend. In spite of this, price action is fast approaching a 2018 trend line which could reappear as long-term support and a reversal, although this is not likely to come to fruition for a number of trading days unless volatility really picks up.
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EURJPY Sellafter some consolidation, price finally create double top and retesting blue structure which indicate a reversal movement.
in this setup we can look for short setup.
now price potentially create triangle pattern. But i think price will violate the double top before going down.
If price really tag the yellow structure and violate the double top, we can take a short from there.
but if price break the duble top neckline, short on pullback to neckline will be the setup.
USDCAD Potential Movementon the previous analysis, we have inverted head and shoulders and targeting structure resistance.
and now we'll find another trade opportunity.
price is still under consolidation.
watch for breakout of red area.
if it's breakdown, will take sell on pullback.
if it's breakout, will take buy on pullback
EURUSD Buy Opportunityon yesterday candle price managed to break a strong level.
After a few days in the previous week the price failed to break this level and formed the wicks of the candle (see arrow)
at the moment the price is pulling back and retesting the SR level and this gives us a chance to buy.
SL will only be placed under the previous low daily candle.
the maximum target is to test the supply level above