Potential false breakPrice was not able to stabilize above 1.3600 and closed strongly below last week. Sellers can look for short plays on pullbacks into 1.3600.
Selling
Short term corrective structure suggesting bearish continuationSellers can look for opportunities around 83.60 to get short, targeting 80.40 primarily. Breakdown of the corrective structure would suggest even more bearish pressure.
Sell on potential pullback into resistanceMid term and short term sellers can look for shorting opportunities on pullbacks into 0.9860...
USDJPY: Perfect short with stop at 113.02 - target 101USDJPY: USD pushing up against resistance here and a perfect shorting opportunity with a stop close by at 113.02 with a downside target at 101 in two more waves of selling over the Spring
AUDJPY Short Looks like a great opportunity to short the AUDJPY Pair.
This has followed our strategy rules for a strong reversal thus far.
Here is where we have our SL, TP, and Entry order placed.
SL- 84.177
entry-83.982
TP- 83.407
With this same setup, on the GBPNZD pair, we nailed 148 pips on a strong reversal trade last week.
AUDUSD flirting with lows some renewed selling pressure Having failed to build on Monday's bullish gap, the AUD/USD pair came under some renewed selling pressure on Tuesday and has now eroded all of its gains recorded in the past couple of trading sessions.
With today's slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders now look forward to the US economic docket for some fresh trading impetus.
Buying Position - AUDJPYWith a hammer candle being already formed in the daily and closing on top of the trend line with the RSI stating that this pair is oversold. I am highly confident of this pair being a buy and will hold unto this position till around the 85/86 levels .
P:S Fundamentals is also saying that there is a lucrative deal occurring for Australia in increasing there Iron ore output to countries like india which will strengthen the Australian currency.
GBPCAD - ShortGBPCAD, Short on the 8TF. Trade took on the small indecision candle off the trend line bounce. Looking for a 2:1 Trade on this currency to the next support level
GOLD - New structure low and short term bearishLooking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
1st: ~1251
2nd: ~1248
3rd: ~1244
Selling Position - AUDNZDA doji was formed around a strong resistance line on the 4hr time frame. I am comfortable that a drop will occur and will I hold unto this position until it reaches the 50% Fibonacci line. In which I will conclude if this position has potential to move further down.
My stop loss is above the resistance line.
GBPUSD - Interesting PA at range lowEven though we are in a bigger range, price is consolidating at the bottom, indicating a possible breakout to the downside.
I would not take the breakout itself since chances are good it will result in a false one. But if we get a retracement to the upper part of the corrective structure I'd look to go short with first target around 1.2450. If we break that support, extended target for me would be 1.24160.
same Gold chance in silver hey guys dont open any postions now and start sell's 18.250 to the nexst target i have orrdders to sell for me to 14.25 for long time and will good and after that fist sell open another sell after first one at 17.90 both take profits are 14.25
GBPNZD - Looking for a quick play during London openLooking for a quick play during London open and a re-test of the lows in this corrective structure. Not shooting for any extended targets though since we are at a solid support level and have not had a healthy retracement on the 4 hour chart yet. Once we have that I think we will break through 1,7050 and see lower prices, down towards 1,6950 initially.
GBPAUD - Sell off at London open expectedThe price action on both the higher time frames and the 1 hour chart speak of a possible sell off once London opens up. Small and well defined corrective structures on the 1 hour chart like this often are followed by a strong move once the order flow and liquidity re-enters the market. Let's see if it manifests.
1.65 is a good initial target area and if that level folds 1.6430 would be up next, followed by 1.6350.
NZD/USDFibo level on 0.72469 its a good resistance and if market retaste it and dont breake it then it be a good sell
EURUSD MONTHLY RESISTANCE SELLQuite an aggressive entry after rejection of immediate resistance. Monthly Resistance at the round number of 1.0700 so stops above that level. Targets at 61.8% retracement towards bottom end of the channel, 2nd targets down at the previous swing low
GBPCAD - Possible final bearish push into long term supportStrong bearish price action since start of the week. I am looking for a possible final push (exhaustion) into the long term support around 1.5950.
Looking to get short on a pullback towards 1.61 with first target at the bottom of the corrective structure around 1.6050 and in extension a final target around 1.5950.
EURUSD Focus FOR SELL ONLYIf we are looking yesterday, no trend for eurusd, but we need to follow trend in D1. just open SELL.
EURGBP shortIt reached strong daily resistance and after rally it is expected to have some sort of correction
