AUDUSD on the weekly time frame looks ready for a corrective wave down. It touched the resistance and it as the higher side of the trading range. This means chances are it will atleast test the low of the range again and possibly also the next support! So beautiful sell setup to hold into next week
EURUSD looks to be out of steam and ready for a corrective wave down! Stop at 1.1935 and take profits at 1.1680 > 1.1420
NZDUSD on the 4 hour time frame shows a nice double top thats going down. a long this way down it has also broken the support level, fueling a further sell off. Stoch also looks right for it. I also did a quick peek on the daily and here you can see that the previous low has been broken and Stoch makes a bearish crossover. so we can be at the start of a nice sell...
After weeks of climbing it looks like EURJPY has reached the stop. If failed to break the resistance and after lots of sideways trading it failed to break it again. We can now expect a retest of 126.60. So EURJPY will follow the other JPY pairs. Use the various mentioned support level as possible take profits. Try to add a long the way down more sell positions...
On this beautiful weekly time frame I have drawn the next resistance levels for eurusd and while at it also threw in the support levels. You can see that its also breaking out of a resistance currently. Next one wont be seen until 1.21 which is actually support level from the last bull trend, the next real resistance is at around 1.27 and has been tested a few...
The 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next...
AUDJPY shows a classic double top setup. This usually means that the last low/last support gets broken and price goes further down. The support below it isnt very strong so my aim is that it will reach 86. Stoch has been going sideways for a long time, but currently its making a bearish crossover. TP: 86 SL: 89.10, this will mean a break of the last high
Take note that this is based on the weekly and monthly time frame, so that smaller time frames can still move up Time for a long term view on EURGBP on the weekly and monthly time frame. Whats very interesting about these time frames is that both shows a bearish wedge and are close to a resistance. Besides that the monthly also shows a possible double top. This...
Very nice setup for gold on the daily time frame. It has broken down from the range and the indicators are also very bearish. This makes gold a very nice sell for a target of at least 1215 and maybe lower. Price probably falls to the next support level or the one under it before a wave back up. For the clarity I have also added the other support levels. TP:...
EURAUD on the daily time frame has broken the upper range fueling up for attacking 1.50. Stoch also looks great TP: 1.52 SL. 60 pips from current market price. or 80 depending on our equity
CADJPY has been hovering around the same resistance area for a week now trading very side ways. Failing to break this resistance for such a long time basically proves that big money feels that CADJPY is already price high and they see the current area at the max. Why it hasn't go down yet? Well maybe the big money doubts the YEN a bit... but it also doubts the...
Another setup at usdcad. the pair at which I hold the worst track record :D :D So trade it your own risk and use a stop loss. If this goes sideways there will be enough other profitable setups this week. USDCAD has reached a resistance at the monthly and weekly time frame and also if you take a look at the daily and zoom out a bit you see that it had a strong...
On the daily and 4 hour time frame USDCHF shows short of the same channel at which is now at the bottom range. The price target at the upper range is also almost identical. So this would be a nice setup to go for a buy! TP: 0.9650 SL:0.9460
USDCAD has been in a nice bearish trend. Right now its challenging the lower range again so we go try a buy and aim at the bounce back up. Long term usdcad might still be bearish but for intra day we can see a nice bounce back of 60-80 pips with oil also looking week. The weekly time frame show the same channel and bounce back. The red line is the last strong...
Easy sell setup for AUDJPY. Going to the lower range and a chance on breaking it. Lower range is about 120 pips down. so when it gets there lock in 80 pips of profit by moving your stop loss and then wait to see if it breakout and goes all the way down to 85
Gold on the daily time frame shows a nice break out of the upper range that has a good chance at continuing towards 1259 > 1297. The Stoch indicator also looks promising. So feel free to buy this pair and/or the dips. As long as 1219 doesnt break, it isnt a sell.
GBPJPY is a perfect example of why you should also look at te higher time frames. If you would only look at the 30m, 1h, 4h, or even the daily you would quickly judge the GBPJPY has gone up a lot already and that it would be very logical to go back down again. How ever when you take a look and the weekly and monthly you see that price is still rather low and it...
NZDCHF is showing a promising buy setup in the making. The price is now approaching a resistance that has been tested twice before. So statistically the chances of it breking are only increasing. Besides that we also see that Stoch indicator has lots of upwards momentum left. Possible target is 0.7776