NZDUSD Buy on Higher High1) Trend since this year is bullish and has followed pitchfork to median consistently. Reversal to median is highly likely (historically)
2) On higher high the move up is highly probable
3) Candles printing some selling rejection at major SR zone. Reversal can happen.
Enter a buy order on higher high, This can take time to form(!).
Be aware of lots of USD news this week!
Sr
GBPJPY Short1) Weekly chart indicates short on the horizon
2) Pitchfork drawn on major swing points indicate a bear triangle formed on support. Wait for this break.
3) Move to median is highly probable.
Enter on lower low to catch the break of the triangle somewhere this week.
Be aware of the BOJ news on the 29th (Friday) that can seriously move this pair!
USDCAD Buy after retracement1) Bull Triangle forming on major price level 1.312
2) Pitchfork suggest more up movement expected (reversal to median)
3) Wait for reversal around 1.3 price level for a good entry to long (see coming week how this develops)
The sign are go for a bullish move somewhere next week or the week after. It looks to reverse around the SR zone first, so wait for a better entry to buy.
Be aware of USD news and CAD news coming week.
Good trading all!
AUDCHF Short at break of structure1) On the weekly chart a nice shooting star candle
2) Break of this upward structure (green line up), is likely a start of bearish move
3) pitchfork indicates we likely see a move towards the median line again
4) This pair is strongly correlated with other other AUD pairs (see related idea), also indicating downward movement is highly probable.
You can enter aggressively as shown on this chart, or a more conservative entry would be just below the consolidation area around 0.736.
Be aware of the Fibonacci levels for possible take profits.
AUDUSD Short on break of structure1) Weekly chart shows a clear reversal bar
2) The pitchfork drawn (swing high low) with the median along the trend indicates further down movement for the this pair and high probability movement towards median line (red)
3) Bears still look to dominate at price 0.747.Support Resistance area
4) If price breaks structure support (green line), continued down movement follows till next support is likely.
Enter at break of structure support and keep in mind the price levels indicated with the blue lines
NZDUSD Early Reversal signs showingEarly reversal signs are showing with a pinbar on a major area. I will be looking for a short opportunity to happen somewhere next week around Tuesday/Wednesday.
Most likely price will make a double top before the bearish move really sets in.
The shown possible entry and stop is indicative.
Good trading all next week :)
USDCHF Buy next weekThe pitchfork shows a bull bull bias, last week's 12 hour candles show a push up towards the next SR zone. Let's see if early next week, Monday and Tuesday, this bull trend continues.
If it does, enter for a long trade towards the 0.5 Fib retracement level (not shown on chart, but that TP is the 0.5 fib)
Good trading next week everyone!
NZDUSD Short retracement to 0.5 FibI think long term this pair will still go up, but short term it looks to retrace to 50% fib level and bounce up from there. If last week is any indication the selling might continue next week. Tuesday will definitely tell which direction this pair will go.
If it break support, go short till the 0.5 fib level for a 1:4 RR possible return.
Good weekend and good trading!