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Short if resistance is retested
AUDJPY
, 1D
Short
AUDJPY: Short if resistance is retested

Notice how the previous daily candle closed as a strong bearish engulfing breaking support.

Short if resistance is retested
AUDJPY
, 240
Short
AUDJPY: Short if resistance is retested

The daily candle closed as a strong bearish engulfing breaking previous support. If the market retests and rejects previous support now resistance on the 4 hour, I'll place a sell order with targets at the 1.618 extention and stops above previous structure.

2 possibilities at daily resistance
EURNZD
, 1D
EURNZD: 2 possibilities at daily resistance

The previous 2 daily candles have closed as bearish pinbars indicating a strong rejection at resistance form the sellers and a possible downmove. However, the previous swings at this level show that selling pressure is losing momentum. If the market starts to consolidate at resistance, we could see a breakthrough and a continued upmove.

Daily and weekly confluence to short
CHFJPY
, 1D
Short
CHFJPY: Daily and weekly confluence to short

This pair is currently in a very strong downtrend. The previous weekly candle closed with a bearish engulfing candle breaking a strong support level. Yesterdays daily chart has closed with a bearish rejection of previous support now resistance. I will be looking for a more precise entry on the 4 hour chart

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