just simply rolling this widening trend to see how this plays out. I’m selling because it did not break the main structure (red and green). But it didn’t go down all the way. It tried to trend up until the mini structure was broken (blue). It retested the sell trend line so im just going to make an educated guess that it sells from here.
if gbpjpy fails to close above the 162.7 resistance, then it's going to continue it's recency short bias
audjpy hasnt closed above 95.6 on a weekly level throughout this whole run. it's friday & pre london, i believe this pair is going to continue the trend of closing below 94.6 on the weekly level.
personally selling eurcad back into the downtrend. lot size and tp along the chart
audjpy hitting a resistance like no other, i believe we see sub 93.5 before we see a support, if any is there.
Just TA here. When you look at the weekly area. 85.20ish is normally support. i just see this ABCD Extension pattern here and so i believe this pair is short to at least one of the circled fib levels!
i dont believe this pair is bullish at all. usdcad hasn't closed above 1.3044 since in a long time and since May 12 it's been rejecting there and closing beneath it. with all the dollar strength there has been, due to mainly euro weakness, it doesn't show in usdcad that much. my money is on the short side!
after throwing a fib on this bounce up in the 500, i've been looking for a place to sell, and i believe this is the right place. The .125 fib extension to .375. never traded this before, not sure if the nfp payroll news will affect this.
This is my first time trading the Nasdaq futures and i believe this is a top for the day. im not sure if the nfp news is going to have an effect on this like it does forex, but let's see. my technical analysis tells me this is possibly going as low as 11805(yesterday's low) but i believe we can get to 11850, which is about midway. time to turn the nasdaq into a...
GbpJpy has been in a slump lately. it just recently tried to re-establish the overall bullish sentiment/structure it's been in for a while but i dont like the way it has/is rejecting the previous consolidation zone. in my book that normally means it's time to short! & that's exactly what i'll be doing!
is this a head and shoulders patterns we are looking at on CadJpy? or is that just a nice support trendline. well this pair struggles to close above 105.9 & has been that way for a long time, even with yen weakness. cad is also at some strong resistance in other pairs / the cxy(canadian dollar index). my money will be on the short side , until jpy shows further weakness!
i waited until the hourly candle closed because i don't way the way it is closing! this pair LOOKS to be consolidating! i can see nu touching .621 and maybe under, to go and look for support! i believe it will, but for now we must get there, and i believe that's where NU is going! My money is on the short side!
How many times is eu going to dip below 1.04 and bounce? Recently the daily candles refuses to close below there and maybe it's a sign that the euro has another chance to rise. if not then we will be breaking multi year lows and the bearish trend may have no end in sight. Until a daily closes below 1.04, i expect the uro to keep fight. So, my money's on the long...
Eur Jpy is going up on a trend line support but also has a trend resistance. This pair has seen some sharp drops early in the asian sessions lately but have been recovering thoughout the day. Is this going to continue down to 142 or break out of this wedge to the upside? Well my guess and money, is to the downside! i believe we get another bearish retracement back...
EurCad has been in consolidation since dropping to level of 1.377. Going as low as 1.339 but not being able to break above the 1.377 level, rejecting it every time. Seeing a downtrend forming on the lower time frames, & multiple rejections on Higher timeframes, such as the daily. This pair has een in a downtrend since Dec 2020, who's to say it stops now. My...
i think eurjpy is probably double topping on higher timeframes and is possibly done rising for the week. going to take a possible reverse from 143.3 down until 139.4 (390pips/2.8%), with a TP set around 141.5 (175pips/1.25%).
$CADJPY is running into a resistance trend line while being supported by an upwards trendline! I see this pair coiling for another break to the downside! short term targets 99.6 (60 pips) 99.35 (90 pips) 99.2 (105) long term target of 98.1 (215 pips)