Possible Long Opportunity on EurNzdEurNzd has been respecting this ascending triangle pattern for the past month and i am looking for it to continue doing so for at least one more bullish impulse. Price is approaching a key level of 1.6900 and i anticipate price to react around this level giving us one more long opportunity. Price is still in a region where the longer time directional bias is still unclear as price could break to the upside or the downside, so be mindful of this and trade only the more short term setups for now.
Jayytrades
Possible Long Opportunity on GbpNzdGbpNzd has broken structure of the higher time frames, 4hr, and gave us a heavy accumulation schematic before shooting to the upside quickly reaching an important psychological zone, 2.0000, before giving textbook corrective price action retracing into a key area near 1.9800. I expect price to rally from the zone between 1.9800 & 1.9750 and impulsing back to at least 2.0000 at least one more time.
EurCad Long potentialFor EurCad i am looking for a possible long position from 1.4750. This is a key psychological area and will serve as a great reversal zone Price accumulated for 3 months before exploding to the the upside touching 1.5000 before retracing heavily, so im expecting one more push to the upside aiming for 1.5000 one more time.
EurUsd Long Potential For this setup im anticipating seeing EurUsd trade slightly lower into the key psychological level of 1.7500. In terms of price action we are seeing a descending wedge pattern that is coupled with very noticeable divergence with our RSI, giving us a sign that price is losing downward momentum and can likely expect to buy to the upside soon. From this level, i would want to see price buy all the way up to 1.2000 which is a major major psychological level for EurUsd. This Long idea is also supported by UsdJpy giving a nice high time frame short opportunity. Will be posting an idea to that soon.