Note: AUD/CAD is following what we predict
last week.
Overall, we are bearish on this pair
There are 2 plans for this trade:
1. Looking for the price correction/pullback to
the support zone near 0.979 level and a bearish
signal to short with right risk
2. Zoom into H4 or H1 chart to look for pullback
to 20-EMA and short with little risk
Note:
-Recently, NZD/USD breaks the upward Trendline
-Besides, there is a formation of Lower High-
Lower Low-Lower High formation.
There are 2 ways to trade this pair:
1. Currently the price goes up and touched the
upward Trendline and followed by a bearish bar.
It might be a signal to short with high R/R of 1:2.
Can enter this trade but only small risk...
Note:
USD/JPY has the strongest bullish trend.
Now, we see it breaks the resistance zone.
Now we have 2 ways to trade it.
1. Wait it pull back to Resistance Zone and wait
for another bullish bar to long (right lot size)
2. Wait it pull back to either 20-EMA in H4 chart
or H1 chart to long (smaller risk)
Note:
Potential Trading in the Range
In H4 chart, it is quite bearish recently and
GBP/NZD move up and touched the 20-EMA.
We see a possibility that the price might drop
further to the support zone.
If this scenario happen, we will wait another
bullish signal around support zone to call for a BUY :)
Caution: BOE's official bank rate on Thursday which might...
Finally, GBP/NZD pair breaks the resistance zone strongly.
In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone.
It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :)
It will be a less risk with huge potential return trade :)
We are still bullish for GBP/NZD.
After 3 white soldiers, we see a consolidation pattern formed near the support zone.
It might accumulating more pressure to break this support zone.
Once, the support zone was broken strongly by bullish trend bar.
It will be good chance to long.
Alternatively, need to wait weak pull back and long again.
Trade safely with...
AUD/NZD is trading in a range between the resistance and support zone indicated.
In recent time, it is trading within the downward channel.
The price rally up near to the upper side of the downward trend line.
Wait for bearish signals to short this pair.
You can earn little convenience interest by holding this pair for longer time.
If the bullish trend...
USD/JPY having the strongest upward trend.
But, watch the upcoming relatively weak resistance zone.
There are chances that the price will consolidate before breaking the resistance zone again.
If the price breaks the resistance zone, long side will be preferred.
Trade safely with proper risk management skill. :)
The recent strong strength of USD pushes EUR/USD lower near to the support zone.
If the support zone was broken, it might move down all the way near parity (1:1)
If not, the price might bounce back from the current support zone.
We will keep monitoring this pair and waiting the right timing to entry.
EUR/JPY breaks the previous resistance zone and moving up with strong trend.
Only wait for pull back in H4 or H1 chart to entry the long side.
Caution: The risk/reward ratio for this pair now is 1:1 and is the middle of the trading range.
Trade safely with proper risk management skill :)
