I have long NzdUsd position and that position is safe (stop loss break even), and looks like NzdCad has nice consolidation. Target on NzdCad is 0.8833 and I remain bearish on this pair mostly due to down trend of UsdCad.
AudChf has an interesting chart and it can be H&S reversal pattern. Technical analysis gives plenty of space for imagination and until pattern is not finished, I can not say that is definitely H&S pattern. Just using support and resistance lines I have different picture: Basically is just a weekly Flag pattern inside consolidation and on the short term it has to...
UsdJpy remains bearish, but by my opinion at the moment price is drawing bigger correction. Nevertheless, current narrow channel comes into play and at the upper channel's line is possible to sell. I will be watching this pair closely. In the case of the channel break to the up side, I will be trading just longs till 116.23.
This pair has clear range and is possible to trade. With small stop loss.
Price came back up as in text book and here is an opportunity to look for short positions.
Took another long position, risk reward very good, profit levels are very high, but I do expect price to break recent triangle to the up side.
Market remains negative, But I replaced trend line with the channel. Above that channel market will change a direction.
Price stays inside Flag and break to the up side will start new short term move towards 116.50-117.00 area. This move I consider as correction of the Bear market.
EurUsd remains short while trend line to the down side remains solid. Target remains the same and current trend line is a place for short positions if signal will come.
Current trend line to the down side is a good place to look for new short positions. Just one small details we have to pay attention: yesterday's price action did not go below support level and trend line can be easy broken.
Price remains bearish and I am looking for another possibility to sell. Best place would be around 1.1170. While price stays below 1.1200, there is a chance to go down to 1.0945.
UsdJpy is in down trend on the long term, current possibility is just a correction to the upside. I prefer to sell around 116.00.
Market is down trend and there are two more opportunities to take a short positions. Target 0.8833, above 0.9400 market will change its direction.
Inside daily triangle price is drawing another Flag on 1 hour chart. Break out from this Flag to the up side will resume positive trend.
I am not going to take this long position, as I already have enough shorts on EurUsd, but just wanted to share this nice chart. Maybe somebody is interested.
At the moment Daily bullish Flag is on the chart. If price goes down from that Flag, next level is ~0.6300. Bouncing from here can lead to break out from the Flag to the upside and next target would be ~0.6945-0.7000. At the moment I am waiting for the signal to Buy.