Currently the EURUSD is bearish for this new week of June after a trend reversal pattern formed at the close May.
Stop loss will be absolutely brilliant just above the last high.
The GBPCHF too me is more of a bearish than a bullish move after it broke the December Support zone.
A little more confirmation when the market opens on Monday, a perfect time to enter a trade will be around the 10am when its confirmed if its a fakeout or a real break.
The pair is currently sitting in a fence on this position. Next direction will be determined by whatever happens inside this zone.
Looking like a reversal pattern forming but still doesn't write off the possibilities of this being the end of a correction and the beginning of the next impulse to the downside.
We wait to act upon the action of the price in the...
CADJPY is currently not decided yet but a break into the yellow zone would have me going long to my TP2. Actions there will decide if I go for TP3 as well.
Stop loss remains below las low.
The price appears to have come to end of the correction of the H4 timeframe. In looking for a possible, goo entry, I reduced to the H1 and M30 timeframe to spot this nice trendline that will force a move down should price close below the trendline.
A break above last high will have price heading back to higher resistance to possibly retest and then head back down...
There is a clear reversal structure right before us. Awaiting confirmations to go in. Price rejected resistance, likely to head back to support before coming back to retest resistance when it would likely break through to cause a strong USD across other pairs.
Same time, we can still have the price going back to the resistance from the point it is, of which its...
Am also expecting to see a strong EUR against the Swiss Franc in the coming weeks. We have a nicely formed rhombus which as well retesting. Entry is best around Tuesday after observing what Monday presents.
Weird right?
We expect to see the market ride upwards in the coming week, at least to the last major zone. Any break above that takes us into our second (main) entry point and we as well hope to ride to our next target.
The support has been rejected as we can see. The Bear wasn't able to break that wall once again after already trying several times. Guess she will have to go up once more(Bullish TP 1) to bounce on that wall harder. Or even go higher(Bullish TP2) to make sure the bounce is backed by a harder force to break that support.
Have waited long for this and finally it has broken. Now cooling off after putting so much efforts in breaking that wall. Guess when the Bear is done resting then its gonna begin dragging the price down as expected to the next support zone where she will likely cool off too before breaking past em cause the efforts put in the last break was much.
LOL!!!! Sorry...
