Being in a nice downtrend the market opens quite slow for NZDUSD but I see this pair drop for another 25 pips towards Ultimate Resistance.
Take Profit Level: 0.64100 (few pips above Ultimate resistance)
Move SL to break even when it's hitting the daily low (around 15 pips).
Have a great trading week!
At this moment EURNZD is still dropping after a big drop yesterday.
I'm looking for TP1 at 1.651 and it should be reached quickly. TP2 at 1.6480 is possible over the rest of the London session.
The market is very volatile and had very big volumes yesterday. Volumes are less today so I expect a big rally in the second part of the London session.
GBPAUD is Falling in the direction of the trend AND closing its weekend Gap. This are favorable options for selling.
I've done this trade in my live stream and we hit TP1. we are currently on the move to TP2 and its not to late to get some pips.
Stay safe in the markets this week! It's an extremely high volume market already this early...
We've spotted a Head and Shoulders pattern on the H1 of NZDCAD.
Expecting the price to drop after the neckline has been retested.
TP 1: 0.84229 - current Ultimate Support level
TP 2: 0.83923 - last week's Ultimate Support level
TP3: 0.83616 - Ultimate Support level from February opening.
EURCAD finally after a long period of sideways movements makes a new rally that was possible to see on M15 charts.
The H1 chart just confirmed a green entry for this pair and its going to be about 70 pips ride to the next mayor level.
Enjoy the ride!
CHFJPY is maybe not a clear entry based on the Infinity Tools yet as its making its move down towards the Major 4H trend line, but this is exactly the early opportunities that you sometimes want to take.
An adviced stop loss can be the minor trend line, if it starts to trade above that the old uptrend can be continued.
A beautiful 75 pips target, enjoy the ride...
GBPCAD Drowntrend, CCI negative -50
Pivots are small because of the low volume Friday late NY session and Asia session this morning.
Expected continuation downtrend 2-3 days going to -2 Oversold as the new Ultimate Support.
Continue to drop later to Support 0 level of last week 1.68458