Price has broken through a major resistance area and is now offering us a retracement. We can trade once we get a return to trend move. We like to use the RSI cross MA plus the WAE indicator signal as this combination seems to work nicely.
BTC has broken through a key resistance area and now looks to be offering a pullback into a nice area of support. We can enter long IF we get a confirmation of a return to trend move.
Here is another potential trade idea on CADJPY IF we see a breakout from the triangle that is forming. This triangle is forming after a good run to the upside, at a strong resistance level. So, if we see a breakout to the downside, this would be a very attractive trading opportunity, as price may be heading towards a lower low.
Price action looks to be reacting to the trendline support area and this is supported by the RSI crossing MA plus the WAE signal. This is on the back of good AUD news today which seems to be adding to the AUD strength at the moment and the likelihood of a winning trade.
Here is another potential trade idea on GBPJPY. Price is using the trendline as support and just now, we can see that price has broken through the upper resistance level on a 30 minute / 1 hour chart. It is now retesting this level and is expected to push higher.
Here is another potential trade idea on EURNZD if we get the right confirmation signals. If confirmed, you can also trade any trend continuation patterns on lower timeframes.
Here is some potential for scalping buy trades on the AUDJPY if we get good pullbacks and the right entry signals on the lower timeframes i.e. on 5 minute or 15 minute charts.
Here is another potential trade idea on XAUAUD if we get a confirmation signal.