CADJPY is rapidly making its way back up to retest the broken 4H ascending trendline, and potentially retest the current respectable descending trendline outlining perfectly with our 0.618 fib retracement level.
After a confirmed breakout of the 4H ascending trendline, we will be looking to retest it on the 0.618 fib retracement and continue to the downside. Furthermore, we also have a descending trendline formed which corresponds well with our other TA elements, giving more certainty to short the trade.
-4H ascending trendline -0.618 Fib retracement -Previous resistance now acting as support -strong zone of confluence -Bullish sentiment on short term due to the huge oversell recently. Looking for a pullback to retest the current descending trendline
GBPCHF currently finds itself retesting the 4H ascending trendline following the huge sell off. We will be looking to experience a rejection/bounce from here and head upwards to retest the current descending trendline. Short setup on 0.5 Fib retracemement in correspondence to the previous support area which is now acting as resistance.
AUDJPY slowly making its way to complete H&S pattern, and retest the current descending trendline. Might be a good short entry assuming that support area holds and we see a bounce from it!
GBPJPY finds itself trending within a descending parallel channel. The pair experienced a slight rejection recently off the previous support. If the rejection gets confirmed and we see a solid bounce upwards, I will be looking to enter shorts on the 0.5 fib retracement and also the LL of the higher descending trendline.
After the solid breakout of our ascending trendline on CADCHF, we will now be looking to retest it on the 0.618 fib retracement - corresponding well with the previous support zone now acting as resistance.
We managed to successfully break below the hourly ascending trendline. Following the breakout, we will be looking to enter shorts on a 0.618 fib retracement pullback to retest the broken structure.
CADCHF is currently trending within an ascending parallel channel - slowly making its way down to potentially create another LH on the lower ascending trending. Looking to enter longs on 0.618 fib retracement which perfectly corresponds to a crucial S&R area on the lower time frames.
After breaking out of the ascending trendline, we are now retesting it on the H&S pattern and previous resistance highlighted in green. Furthermore, the 0.618 fib level has also shown it's presence there providing us with a solid zone of confluence to potentially open a short position from.
Looking to enter shorts on 0.5 inner fib area and lower time frame parallel channel we currently find ourselves in.The long term trendline have been broken and we are slowly approaching to retest it. Will be wanting to go short to ride the short term swing trades!
AUDUSD shown a bearish breakout from the ascending trendline after being completely overbought. This changes the markets momentum shift and we will be looking to enter this bearish trend on the 0.5 Fib retracement, and also retesting the current hourly descending trendline which is holding pretty well so far.
After breaking below the ascending trendline, we will now be looking to retest it on a pullback towards the 0.5 Fib level in correspondence to the previous resistance zone.
After the long consolidation period within the symmetrical triangle, USDCHF finally decided to break below and we will be looking to retest the ascending trendline. Looking for a pullback on the 0.618 Fib level in correspondence to the previous support now acting as resistance. The three TA elements outlined together create this zone of confluence in which we...
After successfully managing to breakout of our descending channel, we will now be looking to retest the trendline on the 0.618 fib retracement area, to potentially open our long positions.
GBPUSD just had a strong rejection off the outer 0.618 fib level, in correspondence to our current ascending parallel channel. We will be looking to see the price head downwards from here, and potentially retest the bottom trendline of the channel. Furthermore, the inner Fibonacci is also indicating a good area around the 0.618 level to open longs, as well as the...
Gold currently finds itself trending within a respectable descending parallel channel. We could experience a price bounce from the approachable support area outlined in green - forming another LL on the lower descending trendline. This could potentially result in a long opportunity, which could go up until the previous resistance line in correspondence to the...
GBPUSD is currently trading within an ascending parallel channel. Previously, we managed to breakout of the descending trendline and a pullback to retest it is expected. Furtheremore, the 0.618 Fib retracement level, appears to correspond well within the trendline location, as well as the outlined historical S/R area.