Entered the trade due to a strong bearish candlestick. Taking partial profits at .63642 and placing the trade at break even in case of reversal.
UJ has to cross 2 different trend lines. I believe it stop hunted some, then will continue down
Since GN is still in an uptrend and hasn’t retested the trend line, it should use this resistance to move up some
UCAD has been in this wedge for a while. We’re looking to see rejection Fromm this supply zone
Some time's its hard to determine what is considered as a break of structure. From this point it looks like a minor BOS which could mean that the pair is now making a higher low for its new uptrend structure.
GN made a strong push to the upside and has brought new buy opportunities. This trendline is in confluence with 50% retracement level. The second entry confluences with the 78.6% retracement level in case the market pushes further down.
AU has been on a consistent downtrend and has now made its first higher high. Along with this, it has made a double bottom and is now retesting the neckline.
GN has been making nice LL and LH for this downtrend. Right now, we're at a point with several confluences. 1.) Trend line of lower highs 2.) 78.6 retracement level of the previous lower high 3.) An indecision level that price hasn't retest on H4 Stop Loss is just above the previous high. News tomorrow: NZD has news tomorrow that could possibly drive this...
UJ is currently in a daily 180 pip range after a decent downtrend. Even after US news, we were unable to brake past the previous high to start a new uptrend. Because of this rejection, and that UJ couldn't close above the yellow region, I believe that UJ will continue downwards to 107.25.
UCAD is moving steadily upwards and finally broke out of that range. I expect this pair to test the previous higher low before continuing further. My bet is that another range of consolidation will occur before it moves again.
Since it is market open, the pair may be subjected to manipulation. Right now, we are at a swing low and are looking to hold the pair to the -27% mark in confluence with a major region.
GCAD has broken structure in order to transition into a downtrend. It could break the recent LH, so I have a bias for a swing low to occur. If this initial trade is missed, and actually reacts from the second blue line, we can re-enter on the lower blue line.
GCAD has been following this strong trend, and now it's potentially time to break this level! The daily time frame is showing a buildup of bullish momentum which will hopefully skyrocket the pair!
USDJPY could still be on its downtrend seeing that it's struggling at the 88.6% level. We can see it going further passed this level and making another swing low, but to be sure, we're getting out around the confluence area of 38.2%.
UJ has been on a steady downtrend while consistently respecting both trend lines. Because of the confirmed rejection of both, we should be able to see the pair continue to push down to new lows. The entry was a little late, but still has a decent Reward/Risk ratio.
GN has been on a very strong downtrend since May. We see our EMA SMA recross to the downside and it's making new lows. Since the lower zone is confluences with the 38.2 retracement level, it should be safe to enter their with a SL near 61.8.
AU has made a new low but also a new high and returned into the indecision zone. Even after showing a nice bullish candle, hopefully there are enough sellers to continue the fall