Looking at a possible AUDUSD Fibonacci retracement to the 50 or 61.8 after neckline break on a recent inverted head and shoulder formation. Looking to see this play out in the early trading week.
Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter around 121.500 levels. Looks like a decent risk to reward ratio even if it only retraces down to the 38.2.
Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter the market on the downside and hop in.
Looking to to sell on break and retest of 103.70 levels
I'm long on NZDUSD based on double bottom and bullish divergence on the 4hr RSI.
On the break and pull back of the lower channel trendline I'm short on EURJPY.
Fourth and Fifth wave copletion.
Long EURCAD Opportunity SUN-MON Execution
Looking at a Bearish Gartley pattern on the EURCAD. Right now I'm also counting a completion of 5 levels on the 4H chart and bearish divergence on the RSI. I'm looking to execute a short play on this pair SUN-MON.
Possible plays on EURUSD from Monday to NON-FARM Payroll Friday. I'm expecting that it will bounce off the daily trendline around 1.108 levels in the later week and buyers will take over during NFP release.
Currently watching USDCAD during a possible completion of another ABCD pattern . I will not be holding this trade until it reaches D because it could possibly form a double top. I'll be taking profits when it climbs back to B price point 1.318.
Look to buy on a 1hr candle break and retest of 161.35 levels. If it fails to break 161.35 levels you can be almost assured sellers will take it down to 159.70 levels...
Possible short on the EURUSD for about 20 pips. It is in a minor trend north but is currently tapping resistance level 1.1194 in a recently formed channel.
USDJPY short set-up forming as it approaches key trendline resistance at 110.60 levels.