British sterling looks under pressure against other major currencies. Even if Yen doesn't look so weak, there could be a good shorting opportunity here, as last daily candles hint some weakness ahead for GBP. I'll wait for a definitive break below 181.30 before shorting this pair.
On the daily chart this pair looks headed lower; the first week of March ended with a red candle closing below a long term trendline. Entering short now looks premature, so I'll wait for a shallow retracement to retest 1.4200/1.4250 area.
After topping at .7900 handle, the downtrend resumed quite rapidly. Last NFP report printed good numbers for US economy, so the pair could be headed further south. After breaking .7750 support I'm expecting a retest of this level as resistance to enter short again.
The pair clearly printed a double top at .7600 level and dropped sharply. I'm expecting a retracement around .7430/.7450 to hop again the short side
Last rally looks pretty much corrective; bearish Cypher completing right at 1.6100 even handle, retesting level as support turned resistance.
Bearish BAT completing right at previous structure level. Not much a major round level but could be helpful to trigger an entry in that zone.
The pair has popped out of the bullish flag consolidation pattern, after the huge bullish move of the past week. A double bottom around .8475 may signal the uptrend resume; further confirmation comes from the big bullish candle breaking out from the channel.
Nice confluence for shorting EURAUD: bearish Cypher completing right at resistance trendline.
This pair could be resuming downtrend nearby 1.5300 even handle; confluence factors: RSI almost overbought on H4 and bearish BAT completing right at psychological round value.
Not much more to say: main trend is strongly bearish, this is a very good risk-to-reward ratio to play with! Worth a shot!
2618 trade in the cards, confirmed by bearish BAT completing near .618 retracement
Fibonacci 50% level lining up with major structure level. Waiting for some more pips on the upside to short following main trend momentum.
EURJPY put a nice morning star candlestick pattern on former support; last day candle's pullback nicely increases risk reward factor.
Nice bearish Cypher taking shape on this pair; should it retrace to 1.3520/1.3540 area then I'd short the EURO. As this pattern is congruent with the mayor underlying (bearish) trend, I could look for extended target down to 1.34 even area.
Nice confluence for going short: structure, fibs and advanced pattern. Going short!
Surely I'm looking to short, but which one of the three is going to be "the one"?