Price on trend / Price on 2 hour block / Bullish momentum / Keeping Stop Loss below the block and trend
Short term buy and then short, Right shoulder on H&S formation.
Looking for a short on AUDJPY - Momentum is slowing - Price is coming to a previous pull back - Short would be near critical price zone - Waiting for rejection and bearish engulfing near entry zone.
- Order block on the 2 hour has been highlighted. - The large trend line is a daily trend line (blue) where we have a possible third touch on trend. - Support is currently being created on this block. - I expect price to take off once it nears the daily trend. - TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be...
- Block creation when bearish candle broke lows with a bullish candle breaking highs. - Looking for a third touch to trend - Finding entry at around 7870 - TPs at previous high at 8400 and 9000, with third TP open
CADJPY 4 hour - CAD forecast is bullish so this setup may not hold. - Looking for a shorting opportunity mid week.
- Divergence has formed on the 8 hour, price is touching trend as well. - Equal lows broken right around 0.90000. Right shoulder may complete here for a head and shoulders formation. The right shoulder would come to the 71 fib level.
GBPNZD - 12 hour time frame - Long block on the 12 hour and Daily. - Momentum on the downtrend has slowed and is now creating support off the block and trend line. - I do not follow news religiously but BREXIT appears to be happening which would strengthen the pound and NZD may be looking for a retrace as highs are being hit on many NZD pairs. - I highlighted two...
Parallel bull channel Looking to sell to trend Price may break and retest this block area so wait for momentum on candlesticks to indicate short or long trade.
GBPCHF 4 hour retest - This entry coincides with the daily GBPCHF short posted before this one. Looking for a retest off the uptrend to create a downtrend move. - There is heavy liquidity below for price to soak up and touch the uptrend line once more.
Looking for retest to create new uptrend on the one hour.
Waiting on retest, massive bearish engulfing that broke the trend line. Waiting to enter on pull back from daily swing low. Possible head and shoulder formation.
Waiting for momentum to slow on a high timeframe, particularly the 12 hour with a rejection around 1483-1485 and Stop Loss at 1495. Price is at a strong previous support and now may be looking for a retest around the previous pullback on the swing low.
GPBJPY Sell Limit block on the 2 hour. Price has broken trend Looking for retest SL above the highs TP levels at previous lows.
AUDUSD 4 hour - There are a few nice pullbacks in the area around where the order block was formed. The one highlighted shows an area not tested yet. There are also around 3 touches to the downtrend trend. AUDUSD may be close to making it's last move to the downside before we begin to see momentum slowing down.
Looking for a long entry on GBPNZD 4 hour. NZD pairs appear bearish but NZD is hanging, and GBPNZD is also in a choppy situation. This trade will be taken based on price momentum near entry with TP1 anticipated.
The bullish candle following the bearish candle in the block formation is a big shadow. This is on a higher time frame, so I'm looking for additional support but I see momentum slowing and I believe EURUSD is prepared to make it's next move up. - I also decided to change the color a bit to make it look cooler
Possible Short then Long on AUDCAD 4 hour. - More geared towards going long on AUDCAD but the sell block may be hit which could bring us to our long entry. The short would have a TP at its previous low and long would have it's TP at its previous high then at equal highs for TP2.