Bounce from major support on daily, formation of bullish flag on hourly.
Reversal signal (hammer) on the daily and/or double bottom on the 4H at key support level + confluence from risk-reversal from cooling US-Iran tensions and better than expected EU numbers could mean the bottom of a EUR downtrend.
Bullish momentum growing, price poised to make a leg up. After breaking support, price sprang up once again and broke back above. The pair retraced back to the 1.11 key level and is now looking to climb higher.
Pair showed a strong rejection of the 1.5970 level (bottom of channel on weekly chart spanning 2 years) and promptly shot upwards. Position was entered on the hourly timeframe after price broke above a tight consolidation phase right above channel boundary. Additional positions were added in the 15m timeframe as price periodically manifested continuation patterns.
Price tested key level and is exhibiting bearish price action ie. engulfing red candle on the daily chart, failure to retest top on the hourly chart. Went short on possible turning point for the pair with SL at 72.90
Current uptrend seems like it still has room to the upside as recent candles have been convincingly bullish. 1.3300-1.3350 level is a key resistance level to watch out for, especially ahead of the UK elections.
The EURUSD has been very gradually grinding lower within a very narrow downward sloping range. Price has recently failed to make a lower low, although this could just be a part of an extended move lower. Price is currently testing the upper trend-line; a break and consolidation above this could see either a new sideways consolidation phase or a move back above 1.1200.
Current uptrend seems to be losing steam as the pair failed to make a higher high and is now testing a support level. Should price break and consolidate at or under the 108.50 area, a new down-trend could ensue.
Went short at resistance 110. The last weekly candle indicated rejection of the 110 level, which could mean another leg lower for the pair.
Pair has been trading in a narrow range of 107-110 for a few months and has even made a reverse H&S-double top at a major support area. From here, I expect price to either reject the 110 resistance and drop towards 107 yet again, or for it to eventually break the resistance.
CHFJPY is consolidating within 106.80-110.80 since mid-year. Sold the pair near the top of the range.
Went short at 1.3283 near key resistance level after seeing rejection of area for multiple days in a row.
Pair looks ripe for a short as price has re-entered a sell-zone and has shown difficulty advancing. Global markets remain hostage to US-China trade headlines, but it is notable that improvements, however slow, have been unfolding.
GBP stalling vs peers, CHF strengthening across the board. Pair has been in tight consolidation for 2 weeks and seems to be losing steam, observed a break to the downside which presented a good short opportunity with great R/R.
Strong base of support formed right above 0.67. Good entry after price was starting to test higher (with long hammer wicks) while still within the general area of support. This was a missed entry, can maybe wait for a pullback to a key level before entering.
Went short at 0.9060 after price bounced back down, broke past 0.91, retraced, and showed signs of continuing to fall (pinbar at key level).
USDCAD seeing a bounce following central bank meeting. Price action pointing to a change in direction.
USDCAD looking to break below 1.30. Should pair successfully break and consolidate lower, it could free-fall.