FX:USDZAR
1. Head and shoulder pattern
2. Neckline broken
3. Retest from underside
4. Looking for a sell signal to print then
5. Target 13.20 region
More details to follow
FX:GBPJPY
1. Major resistance reached
2. Possible pullback to take place
3. Awaiting sell signal (like emerging bearish engulfing candle pattern)
4. 147.500 should be a good target
More details to follow
FX:GBPNZD
1. Price looks to be bouncing off a trend line
2. Bullish engulfing candle pattern present (still needs to close as such)
3. Ideally a buy stop above the bullish engulfing
4. Downwards resistance level needs to be broken
More details to follow
FX:USDCAD
1. Price is currently in a rising wedge pattern
2. Awaiting the support level to be broken
3. Be aware of FOMC news later on (could be the catalyst for the move or violate the setup)
More details to follow once the setup has been validated.
USDCAD
1. The last retest off the trend line offered a great opportunity for a buy order so I am looking to possibly do the same again
2. Price is currently on the neck line of an inverse head and shoulder pattern (retest)
3. Retest of trend line taking place as we speak
I will look for:
1. A buy signal to print
2. 50ema to be broken (area of value)
3....
XAUUSD
I'm looking for price to return to a short term support level around 1220.78
1. A buy signal would need to print like a hammer or bullish engulfing pattern in order for the setup to be valid
2. No congestion (if there is it means the bulls are battling and the support may fail
Note the support levels drawn with dotted lines.
Like this idea to receive...
Note the hammer candle that pinned the trend line on the daily time frame.
Price is just below the 200ema and the candle from Friday kissed the MA perfectly.
1. Price needs to print a bullish candle for today
2. 200ema needs to be broken to the up side
3. Using H4 for entry can be beneficial for a better risk to reward ratio
FX:AUDUSD
Based on the massive double bottoms found on EURUSD and GBPUSD which are both correlated to this pair to some degree I take note of the following:
1. Double bottom formation (will complete if today's candle closes as bullish as it is now)
2. Trend line is being broken
3. 50ema is being broken
4. The current candle is a great signal candle
5. Last...
FX:USDCHF
I have been watching this pair for a while now. A few things to note here:
1. Resistance level reached
2. Stop hunt high completed
3. Trend line to the down side needs to be broken to qualify for a short
4. Be aware of the inverse head and shoulder pattern on the weekly time frame that could prevail
More details to follow :)
1. Price has bounced off the support
2. Down channel resistance level broken to the up side
3. Double bottom pattern
4. Note the monumental head and shoulder pattern on the weekly timeframe - trade with caution
