Buying NZDCAD here at this support at 0.89140 towards 0.82888. This market has had a busy day. Price quickly rallied in the early hours of the day and retraced back to the previous day high. With the head and shoulder pattern displayed, I see price hiking from here.
EURUSD gearing up for an intraday bullish surge towards 1.06. An inverse head and shoulders pattern confirms this move.
Looking to sell USDJPY here around 154.3 toward the support at 153.3.A bearish flag pattern has formed indicating selling pressure.
The sells are coming but the bulls are not exhausted yet. Anticipating another surge towards the upside. Price should reach 2673 before the end of this week.
This is the XAUUSD daily chart. Technically we should see a massive dump soon towards 2505. However, this should be approached with caution because the sells are not ready yet. We will allow the bulls to max out first
Selling USDZAR here around 18.11 towards 17.90. Observing the trend line break, price should target recent low and create a fresher low. Our most used reversal pattern, head and shoulders seems to be formed and ready to move. ZAR interest rate decision and USD Initial Jobless Claims tomorrow should fuel the sells.
THIS is my idea for the path of EJ price in the next two days. I would like to see the price drop below Wednesday's low and rocket once support is found.
Buying EURUSD now at 1.06150. I see price rallying from this area, towards 1.6585. Confirmed with an inverse head and shoulder pattern. Let's see how it goes
XAUUSD price is flirting with support around 2600. I see price recovering into 2627 and possibly 2655. Lets buy here with the double bottom confirmation.
Price is currently resting on the daily support 2590 - 2606. Price should see an increase from here as gold is on an overall bull run, there are no signs of a possible change in direction yet. My final target would be 2655, I will take profit around 2627 too.
SELL CHFJPY on the neckline at 175.175. A simple break out and retest set up up backed by the double bottom pattern. Would love to see price fall towards 174.52
USDJPY will fall to support at 153.3 from here. Sells confirmed by what SEEMS to be a head and shoulder pattern. Remember we trade what we see.
EURJPY buy now at 163.67 to 164.8. Price seems to be forming a bearish flag pattern. Lets place our buys here and hold towards the resistance.
Another chance to place buys on this pair. Price is currently running at 197.1 and should rise towards the resistance at 198.4. Price may fall from 198.4 towards 196.00. Price will not break below 195.4 therefore we can have our stop losses 195.7
We will be looking to short gold around 2695. Price currently sitting at 2684 will rise to 2694 where we can look to go short towards 2664. Allow the price to come to you, do not rush any trade.
GBPUSD buy now on support 1.293. We saw price quickly fall to the support. Now we can expect a nice reversal toward 1.3. This is the perfect time to buy
Buy GBPJPY here on the support 196.71. This market structure is a bullish flag. I would like to see price move up from here towards resistance 196 and beyond. Perfect time to buy.
USDJPY quickly retreated from the resistance at 153.00 with a market open gap. now price approaches support at 151.300. We can look for buy opportunities into 153.12 and beyond. @JoeChampion