USDCHF short coming up to psych level, look for candlestick formation to reject trendline
Top down analysis. Entering a fib zone and psych level. Looks ready to drop. Especially with Brexit no deal on the table.
Daily possible rising wedge Bearish breakout on way 4H monitor candlestick formation on trendline 30 min entry / SL
Daily ascending triangle Bullish outcome 4H monitor candlestick formation on trendline 30 min entry / SL
Daily symmetrical triangle pattern Watch for breakout on trendline - up or down 4h monitor candlestick formation 30m entry / SL
Daily rising wedge pattern Watch out for bearish reversal at a later point near trendline 4H monitor candlestick formation - expect small reversal then buy 30 min entry / SL
Daily symmetrical triangle pattern Watch out for trendline breakout - up or down 4H monitor candlestick formation on trendline 30 min entry / SL
Daily falling wedge pattern Watch out for bullish reversal or for a pennant continuation 4H monitor candlestick formation 30 min entry / SL
Daily bearish downward channel pattern 4H monitor candlestick formation after retracement 30 min entry / SL
Daily rising wedge pattern Watch out for later bearish moves on the lower trendline 4H monitor candlestick formation for long entry then monitor for retracement entry 30 min entry / SL
Daily rising wedge pattern Watch out for bearish moves at a later point 4H monitor candlestick formation 30m entry / SL
Bullish daily uptrend channel pattern 4H monitor candlestick formation 30 min entry / SL
8H TF Fundamentals suggest bearish trend Fri 1.30pm CAD employment rate & USD NFP 1) Poss 3rd touch of trendline 2) Psych level with prev support 3) EMA showing resistance 4) LH, LL structure is bearish 5) Wait for candlestick rejection in fib zone
8H TF Fundamentals suggest bullish trend Tues 5.30pm AUD cash rate/RBA statement - unlikely to show change. 11.45pm NZD unemployment rates, recovering but wages down. 1) Poss 3rd touch of trendline 2) EMA in support 3) HH, LL structure is bullish 4) psych level shows prev support 5) Look for candlestick rejection in zone
Daily TF Fundamentals suggest bullish trend Tues 5.30pm AUD cash rate/RBA statement - unlikely to show change. 1) 3 touches of trendline 2) EMA in support 3) Strong psych level with prev support in 2018 4) HH, HL structure is bullish 5) Look for candlestick rejection
4H TF Fundamentals suggest both currencies are bearish but there is a continuation of an uptrend Fundamentals suggest bearish trend Mon 3pm USD industry expansion forecast positive By Wed 3pm USD showing more industry expansion. Fri 1.30pm USD NFP 1) 3rd touch of trendline already 2) EMA only respecting on 8H TF 3) psych level with prev support 4) Ascending...
8H TF Fundamentals suggest bearish trend Mon 3pm USD industry expansion forecast positive Wed 1pm JPY some volatility during Gov Koruda's speech - interest rates By Wed 3pm USD showing more industry expansion. Fri 1.30pm USD NFP 1) poss 3rd touch of trendline 2) EMA respecting on 8H, not as strong in lower TFs 3) Psych level with prev support broken 4) HH, HL,...