Price has printed beautiful reversal patterns and a double verifying the short opportunities for this pair we can wait for a 15m flag to capitalize on this pair
Potential long opportunity for NAS after the third touch of the supporting trend line
From a technical point of view we see a possible long opportunity, lets see if fundamentals respect our predictions
EUR~JPY has printed a great raising wadge on our 2H time frame and has given us beautiful 15m flags to enter this short opportunity
30m chart has printed an ascending channel, and has given us our key three touches on our resistance trendlime we can expect a short decrease for the dollar
Scale opportunity printed by gold first pull back after the second impulse, beautiful opportunity to maximize profits.
GBP~AUD has been moving bearish for some time we come from an impulse to the down side and the market has print a large continuation pattern which is almost ready for us to capitalize on we currently on our third touch will be waiting for a proper candle stick rejection before jumping in.
The dollar showing great increases, price impulsively short to the upside we missed first entry positions but we can wait for price to print out some kind of continuation pattern like a flag or falling wadge this will be a beautiful long opportunity to be in, so lets give the market time to print out exactly what we looking for in order to profit from this pair.
We can still cater for short positions on this pair, for beautiful continuation patterns have been created, long position will only be considered after a third touch on the 4H descending channel.
NZD~JPY has finally given us a third touch on the Daily time frame raising wadge and has presented a smaller version of the pattern on the 2H time frame we can expect this pair to go short for sometime.
EUR~ZAR gave us a beautiful impulse to the upside, so for us to continue bullish we"d like to see price break above resistance and retesting the zone in a form of flag completing the possible head and shoulder pattern once that has happened we can confidently go long with the pair.
CADCHF has given us a ascending channel, so we missed our first entry which was the mini 15 minute flag after it rejected our resistance trend line so we can ride this pair after the break and retest of the structure.
Two things us30 could do for us this week 1- It could give us a double bottom at zone 33922.4 which will give us clear swing buy opportunities. 2-Or us30 could give us a triple bottom at zone 33545.2 which is a strong confirmation for swing buy opportunities
For USDCAD we will wait for the market to give us a strong confirmation for short or long positions so waiting on clear break and retest of the two zones will be the signal to execute trades. But most likely we will be looking for sells to complete the double bottom pattern, in order to swing long opportunities/trade positions.
If Gold breaks and retest zone 1829.489 it will confirm selling opportunities and complete the head and shoulder pattern within the trend. or If Gold continues to push higher we will look for sells after the double top has clearly formed.
Overall we are looking for swing buys from us30 due to the number of strong confirmations given , third touch on support, and it is respecting the bearish channel created and has given a W pattern
EURCAD has been respecting the bearish channel while heading towards a key support area, we will wait for a W patterns to form thus confirming swing buy opportunities into resistance, and will further wait on a break and retest of the channel.
US30 gave us a third touch on support and respected the overall bullish channel on the daily time frame, confirming swing buy opportunities.