Pin_Point_FX

Pin_Point_FX

Here's probability on AUD/NZD. It's important that we wait for 1 of three confirmations as suggested in the chart. 1. We could form consolidation. 2. A break below the ascending channel would suggest a continuation of bearish momentum. If we get a retest. 3. A break above would suggest a continuation of the ascending channel. If we get a retest. Only time will...

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This pair is pushing towards the E leg of this price action pattern. Keep it simple guys.

Pin_Point_FX

In this pair we have sell momentum, it has now formed a descending triangle on our 4H timeframe but it is sat just above a weekly buy level. From this point here its crucial to wait for the complete breakout and possibly the retest as well before entering this trade.

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This trade has provided a DAILY timeframe rejection level as shown. Also on the 4H timeframe we can see a potential consolidation zone. If we can break that support level we could possible see EU go short for a while.

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Its all about having patience with GOLD, wait for a breakout and retest of previous structure.

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If we can get a close below the price level shown and a confirmed lower timeframe retest of that previous support level turning it into resistance, we can possibly see this pair reach the D leg of a this abcd pattern.

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This pair is currently stuck in this descending triangle. Once it breakouts of this level and closes below the support we can look to start going short.

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As predicted we've had the break of structure. The next step is to wait patiently for the pullback and retest of that previous support turn resistance level.

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If we can get confirmed support at this previous rejection level it could potentially turn back into this rectangle structure.

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If this pair can break that 4H support level with a confirmed retest we could see this dropping with strong sell momentum.

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Here we can see a clear break of the 4H neckline with a rejection as well turning previous support into resistance. This gives us good grounding for a short potential.

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When trading gold be mindful that it is still stuck in a Ascending Channel with BUY momentum.

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We have now entered a short position on USD/JPY. This entry purely based on a continuation of previous trend and a support level turning resistance.

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We have finally broken the range move on this pair. The waiting game now continues for the retest of that previous support turning it into resistance. If we can get that confirmation we will start looking at taking shorts on this trade. Have patience.

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NZD/JPY. What I see here is a ascending channel which have found support again forming a higher low. We now also have a lower timeframe resistance turning support with a bullish engulfing candle at some key fib levels.