Still looking for price to go up into the 1.0620-1.0700 area. Then wait for a break before more longs. Else if price goes sideways I will be wary of a change in direction. This is my forecast for the week ahead. It will be updated everyday during asian session for any changes. Do scroll down to look at the comments for updates. Just because price has reached my...
As long as that 1.0500 support holds (no daily close below), we should see this pair going up in the next few trading days
Retest of broken support turned resistance
The EURNZD 4H is making a double bottom, a break of 1.5098 will cause this pair to rise up to potentially previous high.
Closed the previous 4H Short as price has come back up resistance and now that place become support, as long as 0.7400 support holds, this should be going up.
It does not look like it wants to go down further else this demand zone should have been taken out today. If it's not going down then it's up.
GBPJPY hit a demand zone and looks like being rejected, it should start going up in the coming days.
After hitting a good supply zone it seems like AUDCHF is ready to go down, SL above 0.7480 for target below 0.7267
GBPCHF 4H has just shown a textbook pinbar. A very rare formation these days. Should be a good indication that we are going down.
A valid pinbar consists of 3 bars, a downbar, a pinbar and an upmove. All 3 lines up for a valid formation.
The AUDUSD has reached the 61.8% retracement for the second time. A good potential to short for potentially new low.
Double top forming on 4H but not very clear, much clear on 1H. A close below 117.22 will send the pair tumbling down.
A second TL break, the first break was bad as the SL would be too far and RR not worth it. This second break has a better RR. Risk 1R PP 1.3R