Potential Reversal - EURUSDThe overall trend was upward and the trend was violated as you can see I've drawn the blue dotted line.
The current price has started making Lower-Highs (LH) . However, the there is no Lower-Low (LL) .
If you go into technical terms, Rising Wedge and Symmetrical Triangle is being formed
Usdpairs
USDCHF Rising This low could not get any lower... at least, not for now. The chart does depicts a lower high which could signal a downward trend once it breaks the firm support at 0.9604. But for now, this support is showing signs that it's holding firm which gives bottom pickers a buying opportunity to step in.
Forex Divergence Watch: USD Pairs 20190419USDCAD: Resistance in 1D, Yellow, Range
USDAUD: Conflict Signals
Bullish Divergence (Blue) in 339m (5.6H), Support
Bearish Divergence (Yellow) in 4D-5D Resistance
USD Pairs being monitored:
USDAUD , USDCAD , USDCHF , USDGBP , USDJPY , USDEUR
Time Frame:
1H - 2D
DISCLAIMER
This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.
USD/JPY AUg 2018 (A massive downside potential is spotted)This will be my views of USD/JPY (Aug 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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USD/CNH Short IdeaUSD/CNH is showing signs of exhaustion after a bull rally which started in April 2018. Appearance of wick rejection at current high. On the day chart we see an evening star pattern, and a large bearish engulfing candle. Using fib and impulsive movement of price anticipate retracement to at least 50% or 61.8% fib level, which are key levels of this pair. Dollar is also weakening which is playing into this analysis. Placement of stop loss above previous high. Low risk to reward. Trade at your own risk. This idea is for demonstration and study purposes only.