AlistarElvis

AlistarElvis

Wait until current daily candle close if you want to have extra confidence, but to me it looks like the current support level will hold

AlistarElvis

Following the big bearish engulfing candle, price is in a period of consolidation testing the resistance level at 119.825. The level seems to be holding and I expect the price to continue to the downside all the way into previous lows. If you want to be extra safe, enter short once price breaks below 119.58 level.

AlistarElvis

Keep an eye on this important support level in the next few days. If it holds, I will go long, if broken will go short.

AlistarElvis

EURCAD testing previous strong support level. Expecting to see a continuation to the upside at least to the previous resistance level.

AlistarElvis

USDCHF hit a good resistance level on the daily chart and looks likely to at least trace back and retest the previous resistance level. Drilling down on the 4H chart shows a good risk reward long opportunity.

AlistarElvis

GBPJPY broke previous support level that was tested many times before. Price retraced back into it. If this level holds, I expect price to go down to the next Fib extension level or even down to the 1.618 level which is close above a weekly support level

AlistarElvis

EURGBP is on a downtrend. After the retracement back into the 0.618 Fib level, price broke again through a major weekly support level. Expecting price to at least hit the previous low, but we could also see a continuation into the 1.272 extension.

AlistarElvis

EURAUD is oversold on the hourly chart after a very strong downtrend. Expecting price to retest the previous resistance level before continuing further to the downside. Stops above 1.4 price level which was another major support turned resistance level.