FX:USDJPY
The general direction seems to be up in an uptrend.
Weekly, daily, and hourly trend line respected.
Daily resistance was broken and retested for a buy possible to the extension zone 127.2 <>141.4 (next daily support) which form a possible C-Leg of a bullish cypher pattern.
Line colour code:
Weekly - Red
Daily - Orange
Hourly - Blue
FX:NZDCAD
Bullish Cypher was formed on the 8-Hour timeframe followed by the formation of a possible bearish cypher on 1-Hour time frame.
Bullish Cypher already in profit approaching TP1.
Bearish Shark formed on EURJPY on the 1-hour time frame.
Enter sell on the second entry @ a 1% risk. Two positions entered TP1 and TP2.
The market was in a downtrend on the daily but the trendline was broken. The sell is a possible retest of the trend line.
FX:EURJPY
Three possible bearish harmonic patterns (Shark, Cypher, and Gartley) on USDJPY.
FX:GBPJPY
Small Cypher formed and was entered for TP1.
Waiting for larger Gartley or Shark to from before entering for the sell.
FX:AUDUSD
Possible formation of bearish shark pattern on AUDUSD 8-hour time frame. The green square is a possible entry zone. The orange S/L lines are previous reversal points on the 4H and 8H time frames within the entry zone. The furthest S/L line was chosen as the entry point to have the best possible risk to reward ratio.
Two positions at 1% total.
