USDJPY obtained maximum profit on our SELL earlier in the week / last week. LONG POSITION is now confirmed after the price hit MAJOR SUPPORT today. TP AREA AND SL - Dotted lines show the reasoning behind them, along with the volatility shown in BBANDS.
AUDCHF UPDATED AFTER PROFIT ACHIEVED. Long position ahead after clear doji's appearing on the candles in line with the dotted trend line shown. Happy to say it will surpass RESISTANCE and then test at our TP AREA. Reason behind this is that the BBANDS are showing good volatility
PREVIOUS ANALYSIS - AUDUSD STOPPED OUT. UPDATED :: Still confident a short will occur, if you look at the RED CIRCLED areas you will notice that STOCH and BBANDS are signalling a SELL to around the lowest BBAND. Further DOJI appearing on the 4HR candles, confirming that this may indeed be a SELL.
Using crosspairs and graph analysis i am confident that we will see the price drop down to support, or atleast to the outer BBAND. SL needs to be tight, to prevent getting caught in any bull breakouts.
USDCAD BIG SWING BUY POSITION ON THE DAILY. Looks like the price will retest the support / resistance line shown and then continue to the outer bollinger band. BONUS CHANCE - USDCAD may continue to rise after reaching the outer bollinger band. If you look, the two outer bands are exerting away from each other.
EURCHF - SHORT SCALP UNDERWAY Isn't looking good for EURCHF, can expect it to continue as a SELL until it reaches the LOWER BBAND or possibly tests support. ENTRY AVAILABLE.
AUDJPY - FAVOURITE PAIR Short position entry available as we speak to SELL down to the lower SUPPORT LINE shown on the graph.
Quick scalp there for EURKPW on the 4HR time frame. Overall though on the DAILY, we may see a SELL start to appear as the price reaches the resistance shown.
BUY POSITION INCOMING Looking at the Daily, Weekly and 4HR you will notice that there is a clear indication of a SELL occuring for this pair. The BEARS are slowly loosing momentum and will let the BULLS take over shortly. You can expect this to happen around the dotted TREND LINE shown. BUY up until around the resistance area shown.
AUDNZD - UPDATED AFTER PREVIOUS STOP OUT OCCURED. SHORT POSITION After a previous stop out yesterday, re analysing the pair on the daily time frame has confirmed as a SELL position. Doji candle has already signalled the reversal indicating that the price could drop down as far as the SUPPORT line due to BBANDS showing good amounts of volatility.
GBPUSD - PREVIOUSLY ACHIEVED GREAT PROFIT. BUY POSITION - After resting in red zone it should now continue into green zone and continue as a BUY.
Now that the RESISTANCE has converted into SUPPORT we will see the bulls fight back now that they have recovered STOCH wise and previously won the test fight for resistance / support. SL Loose to cover the TREND LINE shown.
INCOMING SELL FOR USDJPY - As it approaches minor resistance and STOCH continues to be over bought you can expect the reversal to occur closer to the resistance price level and then continue down to to the middle / lower bollinger bands.
SHORT occurring on this pair for the rest of the week, we should then see it return as a BUY as shown on the weekly. STOCH needs to recover, signalling a SELL for the time being. The price is currently testing a MAJOR RESISTANCE line and signalling a reversal at the latest MINOR RESISTANCE line.
UPDATED ON CADJPY - TARGET PREVIOUSLY ACHIEVED LONG position on the daily chart showing a strong signal that it will continue to follow trend re-testing MAJOR RESISTANCE and then changing direction into a SELL at the MINOR RESISTANCE recently created.
USDCAD - LONG POSITION ENTER NOW. Trade has been open for a day or so but a confirmed BUY is incoming when analysing the DAILY CHART. Price is going to bounce back to the upper bollinger band. CHECK THE 4HR - You will notice that it is touching the upper 4hr band, and they are beginning to ex vert. This signals another BUY BREAKOUT.
EURJPY - SHORT INCOMING - Price reach the major resistance channel and is signalling reversal. STOCH needs to recover on the daily and 4HR, and BBands are also signalling a reversal indication after the price previously breaking the upper band.
GBPUSD - BIG SWING LONG POSITION. Already been farming this pair and obtained good profit on the last BUY shown. It will continue to DROP into RED ZONE before reversing into a BIG SWING BUY and continueing with the main up trend.