CADCHF DailyDaily support broken, & the weakness for CAD continues.. going short down to weekly support now
Lowerlow
EURUSD 4HAfter a false breakout bounce off support 1.20600 area, price now retesting a broken 4 hour ascending trendline. Will be watching to see how price reacts to the supply zone its at, we may see some downside potential this week down to 1.20800. Wait for confirmation! : )
GBPUSD 4HTriangle pattern breakout, now price coming back for a potential lower high before a continuation to the downside..
AUDCHF 4HPotential support breakout / channel break & retest. Will be watching price action when the market opens for a sign of a reversal..
XAUUSD 4HPrice approaching its descending trendline, Since price is in a downtrend making lower lows & highs, a lower high was made & I expect a potential rejection to the 61.8 region for a continuation to the downside for a new lower low to monthly support. Will be watching next week for a break or reversal candle to the zone its currently testing.
Happy trading!
USDCHF DAILYInteresting to see how this pair may play out, price looks to have made a potential "double top" to broken support now resistance. Will be watching price action this week.
CHFJPY 2HBreak of demand zone, now being rejected as a new supply zone, we should see a strong move to the downside this upcoming week..
XAUUSD 2HInitial 4 hour uptrend line broken, & price came back to retest previous support now as new resistance. We should see some downside momentum pick up again potentially down to 1300 monthly support which price has not yet achieved.
BTC final correction target ~3657$ , opinions are welcome! I tried to break this whole correction down. In my final wave 5, subwave 3 would not be the shortest if subwave 5 hits target 1 and not 2, if wave 1 is longer than 3. If 3 is longer than 1 which I find hard to say with certainty, target ~3600 looks possible to me.
Many TA say we are going to 9k very soon, this would disprove my count but i'm pretty sure we won't pass 8700 until we go down again.
These are just my thoughts, i'm still learning and would love to hear criticism (either + or -)
CHFJPY 4HPrice in a steady downtrend, making lower lows & lower highs. Price testing previous support now resistance, where I will watch for a reversal candlestick for entry down to support & potentially lower..
GBPCHF 4HPrice in a steady downtrend making lower lows & highs. 38.2 Fibonacci region rejected with a pin bar to the 200 Ema as well. A new bearish leg should come out to play this week. Entry now I would have a stop at the red line, or wait for a break of the counter uptrend line for shorts
AUDNZD 4HPrice in a downtrend, now coming back again to reject off a 4 hour supply zone, & I will now watch for a reversal signal to enter short down to the previous lows & a new possible lower low..
EURGBP 4HPrice now retesting broken support, & broken trendline. Price came up for a lower high, now is it time for a new lower low?!
USDJPY 4HDaily support broken, retested as new resistance & the downtrend continues.. Watching for a reversal candlestick pattern to 38.2 fibonacci resistance, for potential re entry first target is the previous low, & its possible price may make a new lower low this week
USDCHF 4HPrice under daily resistance, now I will be watching for a break of the counter uptrend line for potential entry.
AUDNZD 4Hprice following a nice downtrend, will now be watching for a break of support & retest rejection for continuation down to the next area of daily support..
NZDJPY 2HPrice action still looking bearish even though Nzd came out stronger after talks on monetary policy. Will keep an eye on this setup for a break & retest of support turned resistance for shorts..
EURCHF 4HPrice making lower lows & lower highs, now at a supply zone / 61.8% fib level, Also at its descending trendline. Will be watching for a rejection reversal candle for potential shorts..
NZDUSD 2HWatching for a break either direction. Price does look to be getting ready to repeat its self though.. Will wait & see :D
XAUUSD 2HPotential setup lining up here, previous support now turned into new resistance, & 1325 is also a strong daily level.. Will look for a break of the 38.2 fibonacci level or a reversal candle for potential shorts down to 1300 where I feel price could potentially cause a reversal.
EURJPY 2HPrice making lower lows & lower highs.. Broke its daily uptrend line last week, now a daily closure below 133.100 is ideal for price to create new lows..
EURUSD 4HPrice moving down nicely, now waiting for a breakout in either direction for a better insight of where price is headed next. I think a potential break to the downside is likely, but I will trade what I see & not what I think : )
Trade with care!
USDCHF 4HIn a downtrend, rejecting off the 50% fibonacci level then breaking through the 38.2 showing bearish momentum returning.. Price now looks to be breaking its counter trendline to the downside, waiting for a retest & reversal pattern for potential shorts
