EURAUD Rejected from weekly support zone @1.5100 and formed a bearish kangaroo tail. I believe the pair will once again heading to test the strong weekly support zone @1.4500/30 area. Resistance is once again @1.5100 area.
Pair is in a year long weekly range and price last week reached weekly range top and rejected. Its interesting for me to sell this pair because it has formed weekly trendy Kangaroo. I placed sell stop few pips below the weekly low. Resistance is at around 1.17
NZD looks weak past few days but the pair is in short term uptrend. Making higher highs and higher low. I believe NZD will hold on weekly horizontal and daily TL support. With this belief I place buy stop just above Friday's high to catch the move if pair pushes higher. I will cancel my order if a daily close below TL support.
Recent range has been broken and formed a bearish big shadow. Price went back to retest the broken support or went back for last kiss. Placing sell stop below yesterday's low to capture the move to the down side.
Pair had rejected from the recent double top (Moolah Style). Based on this weeks fundamental forecast, I am bearish EUR. Therefore I placed a sell stop order few pips below Friday's low. I believe this setup giving me good RRR
Trend Line support has been broken with a big bearish big shadow or engulfing. Price may be going to retest the broken Trend line or going back for last kiss. Placed sell stop just below yesterday's low. ~Good Luck~
Pound Yen is trading below Weekly and Daily Pivot level. Yesterday was closed with a bearish big shadow candle. Therefore I am placing a sell stop below yesterday's low to catch the move in case the price moves deeper.
Thursday's session high has been broken and formed Bullish Big shadow on daily. Weekly is also under controlled by bulls. I prefer to place buy stop few ticks above the Friday's high. I will cancel the stop order if daily close below TL support. ~Good Luck~