UsdJpy has been declining for some time. Price has now tagged an area of key support at 108.13, i am expecting a bounce from this level (108.14) But price could go for a extended move down and touch the potential trendline just below the 108 big figure. We also got some harmonic/measured movement, since the last down and up legs have been the same in pip amount ...
NzdUsd has been in a uptrend since late september of 2015. Recent weeks priceaction broke a KEY resistance area and price looks to be in a "stairstep pattern" with equal moves up and down. So IF price repeat itself 1 more time we should have a good risk vs reward setup on our hands. Order: Buystop at 0.6812 Stoploss: 0.6750 TP: 0.7045 1 : 3.45 RvR
The pair has been trading inside of a rising channel since June 2015. Price is now showing weaknes after exiting the channel. Price is showing more and more signs of selling pressure at this point. First target is the 8.05 mark, that area has alot of price history. Stops above the monthly pivot at 8.61 area.
Good risk reward opportunity coming up in gold. Price broke a weekly trendline. Looking to go long on the retest of the structure level (grey box) We also got the trendline and the round 1200 number to help us on this trade. I will not attempt to fade this rally on gold. Limit long: 1202 SL: 1177 Target 1: 1248 Target 2 (optional): 1299