FX:AUDCAD Looks like we like a break of structure coming soon. On the the higher time frame price has been consolidating. We have news dropping in a few hours. Let's see if the price falls to retest support. We could also see price breaking above the trendline and creating higher highs.
FX:AUDUSD Looking at the Macro Fib from the daily swing high to low. So far, the uptrend has been strong. For the past few days price has been rejecting at .786, creating liquidity above. If the price fails to close above this daily candle, there is a chance we could see a pullback. If the price manages to close above .786, the highs will be retested if not broken.
FX:NZDJPY Looking at the higher time frames, there is a chance this pair could make another push to the upside before giving a reversal. In the 4-hour time frame, two double tops are printed close together. Overall, from what I see, the rest of this week could be bearish if the highs aren't broken. If it falls below this level of support, giving us a close...
FX:USDCAD This pair has been on a steady downtrend. The last few support areas only held long enough for price to create range. Looking at the current break of structure, if the price closes below this area, the next point of interest is the low on the daily time frame. If the price manages to close above the support line that it just broke, we will see a...
FX:USDJPY So far, price created a double top on the 15-minute time frame that led to a sharp pullback. Right now we are testing a micro level of structure that was broken. If price holds here, we could see a retest of the highs. Price could also continue the downtrend from this area. If that occurs we could use the break and retest method to take advantage of...
FX:EURUSD Looks like that short-term buy we called will play out. Price continued to move up after breaking the trendline. Let's see if price will reject after hitting this level. If price does not fail at this zone we could see a break of the highs.
FX:EURUSD We could be seeing a short-term uptrend if price closes above this trendline. The multiple rejections at the lows created fluidity below, so the area will be broken. Price could also print a false breakout of the trendline and continue the downtrend.
FX:CADJPY CADJPY is giving us a counter-trend to the upside. We have liquidity underneath this daily zone where we have a macro structural break. If our trendline is broken we could see a break of the lows.
FOREXCOM:XAUUSD Looking at gold, price gave us multiple rejections at the highs, and the bearish momentum is still firm on the higher time frames. On the 15 min, we have some consolidation and a break of the downward trendline. With these factors in place we could see a retracement before the downtrend continues. We could also see a break of the highs from here.
FX:EURUSD EURUSD printed a steady monthly downtrend before the trendline was broken. Shortly after price created range between 38.2 and .50 FIb before giving us a major rejection at the 61.8 on the Fib. If price fails to close above the .50 on the monthly we could see a retest on the 23.6. If bullish momentum remains strong we could see a higher high.
TVC:USOIL We had a downward trendline that was broken on the 2-hour time frame. Right underneath it we have a microstructural level that needs to be retested. If price reaches this level and fails to break below, price could continue to uptrend and retest the double top at the highs of the 2-hour. It is also possible for the uptrend to continue from here...
OANDA:NAS100USD Nas100 is creating microstructure on the 30-minute time frame. If price breaks below this zone there is a chance that we could see a retest of support on the 1-hour. This could be a possible liquidity grab. We could also see a bounce from the intermediate level to break the highs.
FX:AUDCAD I'm looking for the downtrend to continue from this zone. We have a low on the 1-hour & the 4-hour, and with the bearish momentum being so strong there is a great chance these areas will be hit. We could also see a reversal to retest the highs on the 1-hour.
FX:GBPUSD We have a strong downtrend on the higher time, but it looks like we could get a small pullback before continuing the move. So far, the price has slightly broken above the trendline. If we get a close above this line on a higher time frame this is a good chance that the highs will be retested. If price fails to close above the downtrend could continue.
OANDA:NAS100USD We have been in a steady uptrend with strong momentum. There's a gap on the 2-hour that has been filled, so the highs could be broken again, giving us a pullback. The daily time frame has been printing divergence since the 23 of NOV. There will be a retracement coming soon. There is a level underneath liquidity that could be retested when the...
FX:USDJPY The primary trend on this pair is a downtrend down so far. We have reached an area where we possibly could have a pullback. There is an area around the 27.2 on the Fib that could get retested. There is also the chance of the downward trend line being retested as well. Price could reject after testing the first level of support and continue the downtrend.
FX:GBPUSD I'm looking for a short-term buy on this pair. Price gave a hard rejection at a previous support level and is now on the rise. At the high where structure was broken, a double top was created on the 4-hour time frame at the high in this zone. Let's see if price will pull back to retest that area before continuing the downtrend. We could also see...