AUDJPY is hitting a nice zone to go long. 1) M15, M30, H1 oversold 2) Divergence 3) Trend is up 4) Nice harmonic pattern. The stop loss and target is marked out.
This trade is against the trend. RSI on H4 and D1 is fully overbought. There is massive resistance on a monthly/weekly chart. This trade needs a few days to pan out. We need to see weakness on the smaller timeframe to execute the trade. Currently NO ACTION taken.
This is a counter trend trade. However I see USDCAD oversold on H4, H1, M30 and M15. Divergence present in M15, M30 and H1. Nice harmonic setup as well. Stop loss is 60 pips and we will exit quickly as it is counter trend and look a short opportunity.
- Against trend - Harmonic pattern on H4, H1, and D1. - Divergence is present on H1, M30, M15 - Target 1 is 0.7005 at which point we will go long
USDJPY is in a strong uptrend. There is a M15 double bottom with Divergence. Entering a long position with a target of 70 pips.
EURUSD has been in a downtrend. We see a harmonic pattern that has just come into play and shown a strong reaction at the 1.0810 zone. The next step is to wait for a retest of the zone and then sell the pair. Target 1 will be 1.0790 and target 2 will be 1.0780.
EURUSD is still quite bearish. There is a Deep Crab setting up close to the high of last week. Waiting for a double top to sell. The stop should be above last week's time.
EURCHF is overbought on H4, D1. It has a harmonic pattern to sell. Need to be patient as this is a big pattern against the trend. Will monitor it for a few days. It is similar to the CADCHF trade.