Nube#34CHFJPY sell@111.7
SL@112.362
TP@108.727
Looking for a strong yen on the next weeks, and this specific setup looks good. Previous Nube setu on this pair worked well, and it still has bearish momentum.
Nube
Nube#33CHFJPY sell limit @112.818
SL@113.767
TP@113.767
Decent setup on a possible zone around 113JPY/CHF. If price moves accordingly from the start, targets could be extended
Nube#32CADJPY sell limit@83.525
SL@84.047
TP@84.047
Looking for a retracement of last micro-wave that could give a proper Risk-Reward.
Target might be too far, so if activated, the trade should be watched carefully.
Nube#31GBPNZD sell limit @2.03662
SL@2.03966
TP@2.02823
Been looking to short this pair for some time, but pound seem too strong.
Now it looks like it could retrace quite a bit. Wave analysis showing some overextension, plus a harmonic pattern has formed.
Nube#30EURAUD sell stop@1.63095
SL@1.63425
TP@1.62098
2020's upwards momentum has encountered a complicated barrier, so a retracement could happen.
If activated, 38% level should be a point to start monitoring the trade.
Nube#29GBPCAD sell@1.71035
SL@1.70379
TP@1.73033
Being bullish on the pound has been a good choice almost at all times for the last months.
Last weeks it retraced a bit, then some range, and now a little impulse (green).
The 50%-60% zone + 200EMA gives a good entry point, with extremely good Risk/Reward ratio. Since it is currently going down with force, it could very well go down to 78%, and a reentry might be reasonable.
Nube#28EURUSD sell@1.10973
SL@1.11355
TP@1.10175
Pretty straightforward classical H&S completion and neckline retest, following the overall 4H macro bearish trend of the past two years.
If we nail the entry and it goes down with conviction, the take profit could be extended, upt o 2019 lows. If not, we'll move onto the next one.
Nube#27AUDNZD sell@1.03826
SL@1.03962
TP@1.0321
Looking forward to some bearish movement on Aussie-Kiwi for the rest of the month.
Q3-2019 has established a pretty significant downtrend on this pair, which does not show signs of weakening.
Taking advantage of the ~1% bullish impulse of the last weeks, we have some space to look forward to cover by selling, until retest of the lows, hoping that the overall bearish trend resumes.
If the trade is activated, it should start to be managed from the 0.618 blue level, maybe protecting the trade from losses.
0.786 purple line could be a nice place to look for partial or total close.
