“The Trend is your best friend” This statement holds true in all aspects of trading; and in this case with EURAUD, we see an example of this. Remember, Trading is basically “strategic gambling” when simplified to the average person. However, if we can form multiple confluences along with price action and market structure, our probabilitys go up. **Remember Risk...
My Bias for NZDUSD is bearish at this time. (**Must wait for price action to further develop in order to go short**)
We. have a clear break of the trend line. Now we wait for the EMAs to cross for confirmation.
EURNZD had a good run to the upside, however, it just might be coming to an end as we see 2 strong Bearish candlesticks close on the Daily timeframe.
EURGBP is looking very bearish & looks like we're going back down to the Daily support level. Now we wait for price to make a correction to the previous level of support with a proper candlestick confirmation.
Price seems to be consolidating from a Daily perspective on EURGBP & seems to be heading towards the Daily support level.
Patience is key when it comes to trading. waiting for market structure to form and to meet our confluences before entering.
Price has reached the DAILY support level, along with the breakout at the end. Will go down different timeframes for a potential Buy trade.
If price is expected to reach down on the 61.8 level on the Daily, then we could see a short move to the downside.
EURAUD has had a DAILY bullish trend line that we've been respecting for a while now. A FIB Retracement to the 61.8 level further strengthens our bias. An excellent confluence.
Multiple breaks of structure indicate a reversal to the upside.
CADCHF looks to be in a Bearish Channel & looks to be reversing on the downward trendline. Will look towards the lower timeframes for more confirmation.
Price has broken through the trendline, so it looks like the bears are taking over. Simply waiting on the pullback before going short. a Sell Limit would not be a bad idea too.
Looks like a clean H&S pattern has formed, indicating that price will now plummet to the downside. Therefore, My bias for most of the EUR pairs is bearish.
CHFJPY has been consolidating for a while now. Just waiting for the right setup, Waiting for this wedge to break out and retest before going long.
We’ve reached the daily support level for EURAUD. Waiting for price to breakout and retest on the. previous levels.
Now that price has broken through the trendline, we can begin looking to go long on USDCHF. Looking for price to enter the previous level of resistance before entering.
Price has formed a nice solid double bottom pattern. Just simply waiting for a retest to previous resistance level before entering.