EURUSD- PRE-OPEN IDEAS
In low risk long position after higher low found its feet. Next real play on this is still to wait for the short around the 61.8. Given the pace of this pair, convergence around the 50% may also prove valuable.
USDCHF- PRE-OPEN IDEAS
Mixed opinions on this pair. However, I still plan to wait for a low risk short on the 200EMA, with a legacy wick proving valid support and a possible double top style scenario.
GBPCAD- PRE-OPEN IDEAS
Will be paying attention on 200EMA interaction. However, without too much confluence in this region I am likely to watch from the sidelines before making my next move.
GBPJPY- PRE-OPEN IDEAS
Interesting channel developing with JPY's continued weakness. Sharp move down in the very early AM of Friday saw buy opportunities snapped up. Interested in a small long off the 200EMA given the right conditions, with stops as far as Fridays wick.
FX:EURUSD - As the dollar continues it's surge, the Euro is naturally suffering. Bearish continuation could stem from purple box area, caution advised as this dollar surge can't go on forever, can it?
EURCAD 18/2/2019
*UPDATE*
Personally still bearish on this pair anticipating this break lower as illustrated strong rejections from small upper TL support my suggestion however as you can see on the chart there are some important/strong key levels we need to see broken before my bias is confirmed. Awaiting price action before taking positions on this...
EURAUD 18/2/2019
*UPDATE*
Currently holding small short position from false break out of TL up to key level 1.631 area. I have illustrated a few possible scenarios moving forward as to remove the need to break it down through text as all the information should be found on the chart.
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS...
AUDUSD 15/2/2019
Viewpoint so far..
Last week this pair attempted to confirm the break of a heavily bearish trend for this pair by pushing through the TL with high volume before closing the week out sat neatly on support. This week I am looking for a possible buy on another retest of bearish support possibly as low as .68500 area. Where I will take a long...
EUR/NZD 15/2/2019
Viewpoint so far..
A Number of possible scenarios this week for this pair which I have tried to break down and leave as clean as possible. Firstly the SELL around the 1.71 area with a large cluster of confluences looming over that level. But that is my main focus for the pair this week. My personal bias is a break below this lower trendline and...
