AUDUSD is at a major support level and it is at its lowest in a decade, so i would expect buyers to be waiting in this area to push the price back up. Also the RSI is oversold Before we take trade, be aware that the price might make a fake breakout, because market movers are stop hunting, and it is very obvious to see where traders would put their SL, so either...
NZDUSD are coming down to a structure zone which is also the 0.618 retracement Hence we can look for a possible long trade, if the price respects the level. Also the RSI is oversold so that could be an indication that a reversal is going to happen.
CADJPY is at a major structure zone We could either see the price break this structure zone and continue going down, or we could see the price finding support at this zone and come back up to 83.500 to form a Head and Shoulders pattern. If it does so, i would expect the price to find resistance and come all the way down to the 79.000 level, possibly even making...
Last time we took a trade on USDCAD we nailed the move to the upside Now the price is coming in to the overbought area, so we will be looking for shorting opportunities at the trendline
USDCAD has gone down since the beginning of december. But since we came in to the new year, it has started to gain bullish momentum, and i expect further upside The price has been consolidating for the last couple of days, it broke out yesterday and now we will wait for a pullback before taking the trade Look on lower timeframes for entry
NZDUSD has made a pullback to a structure level and we can now anticipate the price to go back up again Price has formed a bullish pinbar on the daily timeframe, at a previous resistance level, now acting as support
GBPUSD has formed a gartley pattern at a structure level (look on higher timeframe) Now we are waiting for the price to gain bullish momentum, break the small trendline and retest it, before taking this trade
NZDJPY is at the upper trendline in a bearish channel. On the chart we can see a lot of indications that the price might begin to go down again (does not necessarily mean there is a higher chance of it to happen) The price has formed a bearish bat pattern, RSI has been overbought, MACD about to turn bearish, it is at a previous resistance level and it is also at...
AUDUSD hit 0.618 + structure The daily candle are forming a doji which can act as a reversal indicator Look on lower timeframes for entry SL below 0.68350
AUDJPY is in a down channel so naturally we want to sell when the price is at the upper trendline. Price also made a retracement to the 0.618 fibonacci level. Now we can wait for a pullback to get in at a better price, which will give us a better risk to reward ratio.
USDJPY has made a pullback to a previous support level, and that might now act as a resistance level. Price has also made a bearish pinbar so we can sell the pair now.
SPG (Simon Property Group) has broken a major support level and it has now become a resistance level. The moving averages are alined both on the daily and weekly chart (indicating a strong downtrend) Also with market being a bit overbought in my opinion we could see a pullback, which would strengthen our position Expect further downside to 136.00
The daily chart shows a retracement to the 618 fibonacci level The 1H chart shows an ascending triangle, so we will wait for a breakout to the downside and buy the pullback SL above 1.29000
EURUSD are in a bearish channel and the price has made a doubletop at the upper trendline (resistance) We can wait for a breakout to the downside and sell the pullback, though only if the price respects the resistanceline, and does not continue to go higher! Only trade if we get the confirmation SL above the high
CADJPY has formed a XABCD pattern at a previous resistance zone, so we will expect the price to bounce from this zone and come back up. Wait for the price to break the trendline before taking a trade, as shown on the 1H chart.
USDJPY are in a downtrend and we are looking for the price to come to the upper trendline and get rejected Price is currently in a rising wedge so wait for a breakout to the downside and maybe buy the pullback Don't trade if the price breaks the trendline
The daily chart on AUDUSD shows a nice resistance at the bearish trendline + a perfect 0.618 fibonacci retracement, so we can look at the 4 hour chart for our entry as shown SL above the high Good luck
EURJPY are in a downtrend at the moment Bearish gartley pattern setup Sell after pullback to 120.400 SL above 121.550