FX_CouchPotato

FX_CouchPotato

OANDA:XAUUSD Gold has retraced 61.8% from the recent low, and indicators show that gold is overbought and a new peak has formed. During the retracement, gold moved almost in one steep impulse, which usually couldn't be sustained for long and followed by an abrupt decline. All this presents a good opportunity to sell gold with targets around the major demand zone.

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NASDAQ:TSLA Tesla is known to drift higher after a negative earnings report, which it successfully proved this time around. Looking at the indicators, I assume that the top has been reached. Fundamentally, there is nothing to support further price increases. I am anticipating the closing of the gap that formed right after the recent low.

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OANDA:EURGBP The pair has made a substantial retracement and formed a bearish divergence, which brings an opportunity to sell the pair targeting the major support line.

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OANDA:GBPCAD This is to some extent a continuation of my last attempt to short the pair, which unfortunately failed. The pair has been consolidating for a while and has formed a triangle. Now, with a valid triangle pattern and bearish divergence, the pair has broken through the support. This presents a great opportunity to short the pair with moderate risk.

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OANDA:NZDUSD It seems that the NZD has found support and is ready to rise again. I will be targeting the level of the last high. This should be a moderately risky trade with a tight stop.

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OANDA:GBPCAD We have a valid harmonic pattern, which, if materializes, could bring the pair down as low as 1.6950.

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BITSTAMP:BTCUSD DoubleTop has formed amid divergence, additionally price has bounced off the resistance. Selling with a target around 60K

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KRAKEN:ETHUSD ETH is approaching the resistance, which almost exactly coincides with the boundary of a regression channel. Indicators show that a new HIGH is about to form. I am counting on bouncing off the resistance and heading back down to test 2.9K. The risk/reward ratio is not the best, but it is worth giving it a shot. The price could fall lower and test...

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OANDA:EURGBP This is what I call " the price has moved too far too fast" and formed a sharp peak, I doubt that further upward movement is sustainable. I'am expecting a gradual, smooth landing on the support.

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OANDA:NZDUSD NZDUSD has drawn a solid divergence, the last dip was the last attempt to go south after which the pair quickly recoiled. I see this as a great opportunity to go long.

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OANDA:GBPJPY The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while

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OANDA:CADJPY The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...

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OANDA:EURJPY The pair is extremely overbought also shows signs of divergence. A clear doubletop is forming. At the moment the price action is largely dependent on BoJ decision, but it seems that it is ready to support the Yen. The trade is risky, but the reward is considerable.

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OANDA:USDJPY It feels like the time has come. Divergence is massive, JPYX just made another dip and about to bounce back, additionally US10Y showing signs of reversal... BoJ intervention is on the horizon, but this is an entirely different matter. The trade is risky, but the reward is equally large.

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UC is on the brink of breaking through the support line amid massive divergence. OANDA:USDCAD

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OANDA:USDCAD Cad is approaching a critical level at the same time expressing the weakening in upward momentum. I'am expecting UC to bounce off of the resistance( it is also possible that UC won't even reach it and reverse from this point, as at looks like it ran out of steam) and fall back to the support around 1.37, potentially braking it and moving down further.

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OANDA:CHFJPY Great opportunity to enter short, the pair has been struggling to break 155.50 amidst strong divergence. First target 153, 150 - ultimate

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Price has broken the support and began consolidating, it has been moving in a relatively narrow range amidst huge divergence, also the momentun is decreasing and upwards moves slow down. If the price breaks out downward we may see a +1300pps move. OANDA:CHFJPY