price has come into a significant level on gbpaud for a drop
GBPUSD is currently on a weak trendline and could go either way, but i believe with the dollar's recent strength to close out the week the pound is going to continue to drop. Look for a bullish engulfing candle to confirm short and then sell this pair, FOR SUREEEEEE
usdjpy sell setup from 110.800 level, expecting nice drop on this pair with a 39 pips SL for a potential target of 160pips
expecting a nice drop from nzdchf to the downside from 0.69500 area
Thanks to trend lines, Support & Resistance with some Fib work involved all the calculated risk was put into position and news certinaly bumped us with a much faster result then anticipated but MOST WELCOME!! We are on point, NO LOSSES THIS WEEK!
Wait for price to break one of the zones and retest then enter for a buy or sell
on AUDNZD we have a breakout on the daily TF of the current descending trend. We have retested the daily TL and could see a nice bullish breakout depend on how the next daily candle closes. i will be watching this pair closely. I have a buy stop set @ 1.08500 with the SL displayed on the chart.
Recent price action: Neutral Pattern: Asymmetrical triangle Long-term momentum: Bullish Short-term momentum: Bearish Bias: Neutral Action: Price needs to be trading above the 111.2 level and trend resistance to consider a long position. Comments: Major indecision happening in this pair. U.S. trade war keeping price ranging
Recent price action: Bearish Pattern: Potential head and shoulders Long-term momentum: Bearish Short-term momentum: Bearish Bias: Short Action: Once price finds resistance consider entering short trade. Ideally, wait until price breaks trend support and weekly support. Comments: Closely correlated with DXY index. Price is forming an inverse head and shoulders. If...
4HR after retest the important key level at 1.1750 i expecting that we will follow the short trend and broke that level the next possible target is the 1.160
USDCAD has been consolidation for a bit but has been showing more momentum to the downside with more dollar weakness we could see this pair start to melt i have taken this position already as we have broken out of consolidation zone and are respecting the fibonacci and trendline We could see one more push to test the trend line and equilibrium zone but i...