CHFJPY has just formed an inverse H&S pattern. This pair will be heading bullish until price shown on chart(121.825).
Usdjpy going to check monthly zone. We currently on ascending channel so it’s a good time to buy .
Pretty straightforward; starting on the monthly TF, we have a potential HTF H&S pattern formation with the right shoulder pending completion. Currently price is trading at monthly level and is respecting said level quite nicely. I am looking at short positions around this level and my TP is shown on chart.
Price is following a pretty decent channel in which we can see this from the weekly down to the H1 chart. Yesterday price respected the daily zone in which acted as a nice resistance. An “M” formation can be seen which means price can fall down to the target shown on chart(Monthly support)
CADCHF had reached TL which is acting as resistance as well as daily resistance. It would be advisable to enter sells around this area for TP shown on chart. Targeting the monthly zone that price broke out of but did not retest as yet. ***RISK MANAGEMENT ACCORDING TO ACCOUNT SIZE MUST BE APPLIED***
AUDNZD is following a decent DOWNTREND CHANNEL in which short opportunities are presenting itself each time price reaches the upper trend line. This pair is heading toward monthly (buy) zone. ***As always Risk Management according to account size must be applied***
USDCAD going down to test daily zone...Good time to enter sell and hold until TP shown on chart. As always with every trade risk management MUST be applied according to account size.