HEAD AND SHOULDERS PATTERN - CLEAR TO SEE PRICE IS IN DESIGNATED BUY ZONE RR IS GOOD - DO KEEP LOT SIZE LOW DUE TO VOLATILITY OF THIS PAIR RES LEVELS MARKED - LOOK AT SETTING MULTIPLE TP'S TARGET... 1.30 KEEP RISK LOW!
CADJPY - GAP FORMED ON MARKET H4 - SELL ON CJ - Fib retrace level - AB=CD - Resistance zone napped - Previous Resistance hit (history) - Strong JPY - Weak CAD (not very)
- AUDUSD - SELL ON H4 - CANDLE - REVERSAL ON H4 AND D1 - DOWNTREND INCOMING - CHANNEL REVERSAL
XAUUSD - SELL TF - H4 CLEAR RES LEVEL DROP TO LOWER LEVELS
GBPAUD - SELL TF - H4 DOWNTREND FORMATION BREAK OF SUPPORT -- SELL -- TRADE WITH CARE DUE TO FUNDAMENTALS
AUDNZD TF - H4 RESISTANCE LEVEL DOWNTREND TENDENCY STRUCTURE: DOWN -- SELL --
NZDJPY - H4 SELL - BROKEN CHANNEL - RES1 HIT
The CHF has lost ground across the board on its pairings. This pair has big potential for a downside movement, as we saw resistance was hit then it dropped down 109.500 level. Trend trading as usual. Analysis attached. Sell - H4.
EURUSD will drop then a BUY signal will be in place. be careful of a break past level marked.
EURO is currently still weak and across the board we saw a EURO decline. Evening Star formation as shown, alongside bearish engulfing formation. The price did bounce back up yesterday but hit res and dropped back down. Can't see this being broken unless fundamentals intervene. All levels got hit yesterday and confirmed the Evening Star which is a huge bearish sign.
XAUUSD - This is a apair that has been up and down all week, well actually, all YEAR! We have seen this 1360 level be hit before, then dramatically drop back down to around 1320-1340. Data and Analysis: - We're back at resistance (1360-1363) - Support is shown clearly, this support has been apparent many times and must be followed. - Channel (red) can show...
Simply following the trend here on a weak EUR - Can't see reason for a retrace
EURO is currently weak and across the board we saw a EURO decline. Evening Star formation as shown, alongside bearish engulfing formation. The price did bounce back up yesterday but hit res and dropped back down. Can't see this being broken unless fundamentals intervene. All levels got hit yesterday and confirmed the Evening Star which is a huge bearish sign.
Support zone is proving strong as per usual, happening on 4 occasions and bouncing on each. last break is marked with the red zone, only risk visible. We could possibly see a +130 movement, but do watch for a short downside before the move upward.
USDCHF - Keep an eye out for the bearish candle to form, which can indicate the downside to approach. Overall, the set-up looks perfect but all we need is confirmation. Fib Gold ratio @ 62% with Fib retrace @ 38%. Previous resistance touched and dropped back down, forming co-current trendline. Fundamentally speaking... The Interest Rate Decision is on...
1st resistance shows horizontal pullback with 100% Fib Extension. 61.8% Fib retrace. Support level is 38.2% Fib retrace and horizontal pullback. Risk: 2nd support @ 1.34995 is always possible before retrace downside.