USDJPY 4HPrice broke its uptrend line, FOMC meeting went bearish & the dollar will continue weaker I believe.. Watch for a potential retest to the 50% fib or a break & retest of the support price is at now..
Lowerlow
CADJPY 4HPrice is looking to break lower to the downside, I will be watching for price to break the 38.2% fib level & retest below the CTL for potential shorts, further confirmation needed so I will wait until price plays out : )
GBPAUD 4HSeems like we got a break of the daily uptrend line that has been holding for some time now .. This could be the start of a reversal for this pair, so to add more confirmation I will be looking for a break below the support its at now for a continuation lower..
XAUUSD 60 (GOLD)Simple support and resistance in play, price broke a strong area of daily support & came back to retest, now looking for a continuation of the downtrend to the next level of weekly support at the 1225 area..
EURUSD 4HPrice broke a key level last week & has been moving in about a 40 pip consolidation period. Dollar's strong PPI numbers release this morning gave this pair more of a sense of direction & seems to be trying to break support now. I will look for a clean daily close before placing my entry as price can easily come back up into consolidation for some time until tomorrows FOMC minutes meeting.
Trade safe!
GBPUSD 4HPrice looks to have broke its uptrend line however, I am still waiting for a break of daily support its above for extra confirmation incase this was a false breakout. So I will be waiting for a cleaner break for potential shorts : )
AUDUSD 4HPrice broke out of bearish channel flag, broke below support as well. Now expecting more downside to come
EURUSD DAILYPrice is at a decision point near 1.17450 daily support, will price break lower or respect its uptrend line & bounce back to the upside? We will have to wait & see. Also looks like a potential inverse Head on shoulders pattern, so we could see bulls come back in.. Patience is the key
NZDJPY DAILYPrice reaching the shorting zone, now getting ready to make a lower low to continue its downtrend..
EURUSD DAILYSupport and resistance levels drawn, price broke its daily channel to the downside, may come to retest before continuing lower. Watching for a 4 hour close below 1.18100 ish area before shorting .. Price could potentially come down to retest 1.14600 (Weekly zone) before continuing higher..
USDJPY 4HPotential short after the break of the CTL & close below the 38.2 level, price rejected the 61.8 level perfectly on Friday with a bearish engulfing close below daily support, more downside expected this week !
AUDJPY DAILY Price broke its weekly uptrend line on the weekly & is making lower lows & highs on the daily, will be watching price to test the 38.2% level again for potential shorts. A lot of AUD news this week so I will be cautious when looking for an entry or signs of a potential reversal ..
USDCAD DAILYDouble top rejecting strong daily resistance, now waiting for price to break 1.26700 for more shorts this upcoming week! :)
USDJPY 4HBigger picture channel holding, perfect 61.8 rejection (lower high), now watching for a break of the CTL & Daily support for shorts :) This pair has been very fun to trade lately
USDCHF 4HNice setup in the making will be keeping this on the watchlist.. Waiting for a bit further of a retrace (lower high) to continue another leg lower. 3rd touch to the trendline is usually the one that brings the strongest move! Patience....
CADCHF DAILYPrice looks like it broke under support & channel, now waiting for a daily close for shorts..
GBPJPY DAILYPrice broke strong key level support, now waiting for a daily close for more shorts, next weekly zone is at 145.00. GBP got destroyed last night
AUDUSD 4HBreak of trendline & retest, under daily resistance zone. Short until weekly support before a potential bounce to the upside
USDCAD DAILYPrice broke its daily uptrend line but seems to be needing a retest still, price also quickly bounced off daily support back to the upside. I will be watching price at the CTL for either a break to the upside or bounce to head back lower. Confirmation is key!
AUDCHF 4HFalling wedge & break of daily support. Watching for break & close below wedge for extra confirmation my bias is bearish. All moving averages sloping down & price below as well..
USDJPY 4HPrice under all moving averages, plus is in a bearish channel now rejecting the 38.2 region (lower high). Expecting a lower low to form now as price heads to the bottom of its channel again..
NZDJPY DAILYWatching for a potential lower high / retracement to come before heading lower or break of support.
