NZDJPY is trading within a wide horizontal trading range on a daily.
The price was stuck on its upper boundary for 2 weeks.
A double top pattern was formed.
The price has successfully violated its horizontal neckline last week.
I believe that the pair may go lower.
Goals: 82.4 / 81.6
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AUDJPY reached a key daily resistance yesterday.
The price formed a descending triangle formation on 1H time frame approaching that.
Its neckline was broken then.
I think that the pair will drop lower soon.
Goals: 91.06 / 90.7
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EURGBP formed a huge ascending triangle on a daily time frame.
The price was nicely respecting its horizontal neckline for some time.
It was finally broken yesterday with a strong bullish candle.
Now, the broken neckline of a triangle and its trend line compose a contacting demand area.
I suggest waiting for an occasional retest of that area, expecting a...
AUDUSD reached a key daily structure resistance.
The price formed a triple top pattern on that on 1H time frame and has just broken its neckline.
I think that the market will retrace from the underlined area.
Goals: 0.7096 / 0.7059
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Update for NZDJPY.
The price has nicely respected a resistance that we spotted yesterday.
The price formed a double top pattern on 4H testing that.
Its neckline has been just broken.
The pair will keep falling to 83.68 / 83.11
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Looking at the daily chart of AGIX/USDT, the AGIX price was swinging from $0.04308 to $0.1207 within the past 30 days after going to its lowest of the month at $0.04308. Bouncing back from the support level, AGIX is now trading inside a bearish pennant. If AGIX tends to break out the upper trendline of the pennant, traders can take the long entry and hodl...
Explanation with the chart - looking at market structure (HHs and HLs) with clean price action - anticipating bullish momentum for pre-London session. Risking 1.5%.
I spotted a solid rising trend line on NZDCAD on a daily time frame.
The price dropped to that last week.
Testing that, the pair formed an inverted head and shoulders pattern on an 1H time frame.
Its neckline has been recently broken & retested.
I expect a bullish movement to 0.8675 / 0.8696 levels now.
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Explanation within the post:
1.LLs and LHs
2.RT towards broken support level
3.EMA acting as added dynamic resistance and added confluence
4.Clean traffic to the left
5.Bearish pinbar which entered on close
5.2RR - will monitor P.A
If we see a pullback with good developing price action in GOLD, that's when we make our move. We evaluate if the risk to reward ratio is good enough to justify entering a long trade and set our target accordingly.
Entry could be a price action confirmation signal near the zone or a limit order, again depending on how price action develops.
We don't just jump in...
AUDJPY broke and closed above a key structure resistance.
Now, we see its retest.
The price formed a double bottom pattern approaching the broken area.
I expect a bullish continuation to 92.72 / 93.2
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All HTF from Weekly To Daily are Down trending
Price on the H4 and is ranging and i assume its all manipulation. Bonds are making a pullback due to interest rate hikes. but none the less price is still very very bearish. Even the USDJPY is on a pull back this confirms that the market is now risk on as Beta Currencies are taking a Dive too.
CADCHF is approaching a key level.
To catch a pullback from that, watch a triple bottom formation on 1H.
0.679 - 0.6796 is its horizontal neckline.
Your confirmation will be its bullish breakout (hourly candle close above).
Then buy aggressively or on a retest.
Targets: 0.681 / 0.6822
If the price sets a new low, the setup will be invalid.
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