Strong resistance band on the 18m chart shows movement to the upside. Look for find 2 targets with a pullback with the potential for a second position to continue the trend.
FX:AUDJPY Aussie/Yen 15 a quick short opportunity to grap it at 83.71 and hold narrow stops at 83.724 with a support level at 83.506 to pull out at. ##RR 14.57 #TARGET 0.204
With the YoY machine and machine tool numbers coming out on the JPY markets will slump until the housing numbers are released in Canada. Should see a quick market reaction with tight stops.
Good position to get short on the double bottom with the Euro/Franc with multiple strong structure levels this could break with open quickly with opening markets on Monday.
The Double bottom here on this pair is a little more rough then I would normally like to see but I like the response and the way that it is headed towards a .618 retracement. I have not shown stops and risk reward but stops can go above the high point in between the peaks and by looking left you could have an earner up to 70 pips.
Looking at the USD/CAD chart there is a lot of action. Another trade has presented itself with another good swing. I feel that when the pattern complete it will trade sideways a little before it drops off the edge of the cliff to test prior lows. Again almost a 4 to 1 risk reward. A clean trade in my opinion
With the market testing multiple levels there is a strong double bottom and resistance point at 1.09032 as a long opportunity with a greater that 6 to 1 profit target margin.