USDJPY clearly showing bearish trend on daily tf. what we want here the price quickly approaching our supply zone. if price making lower high then hiring our supply zone we will cancel our trade
drop a comment if you take this trade
Gold experienced extreme volatility recently due to Coronavirus scares adn bond yeilds dropping. So the downwsrd movement tells me that it could of been a huge correction if so then Gold will be poised for a rally towards $1700-$1800.
If scares carry on the US will start pumping money into gold and Asia even more so.
This trade carries a lot of risk due to the...
This idea is based on a minor down trend channel that began Jan 22, 2018. The top of the channel was retested Dec 27, 2019 and continues downward. Here is an opportunity to catch 20 pips as AUDJPY broke below the 73.325 price on Fri 9, 2020. Possible short if we can get a retest for entry at 73.325.
Daily is currently at a minor support level so we can see some relief to the green line. Double Bottom and then a break of the V Point on the 60 can provide a decent opportunity between the zones drawn in. 60 in itself isnt too convincing but you can use it as an entry for higher time frame perspective.
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.
NzdUsd putting in a nice head and shoulders pattern with divergence and confirmation on the RSI on the 60. We have also recently broken a level on the daily and even though in overall consolidation now we can take this as a shorter term on the pullback or break.