I'm watching NZDCAD for a bullish break of this channel. It's approaching a Fib support which appears to be strong in the last few tests complimented by some RSI divergence on 4H. This could present an opportunity to buy this pair with a tp near the pink resistance shown.
I don't trade EURUSD very much because it seems like an overly emotional pair but this seems like a very promising set up for a short here if we get a solid break of the trend support. R:R of position shown 3.37
USDCHF is threatening to break this channel resistance. Buy stop entered as shown Entry price .95722, in my opinion safely above the channel to confirm a bullish break.
I've put in a Sell Stop position as shown to catch AUDUSD on a break down through it's trend support. If it heads back upward toward teh highlighted area, I'll reexamine for a higher entry price on a short.
Shifted my expectation a bit. I'll be watching for resistance acceptance along with a short term trend support break. Confirmed resistance acceptance along with the trend support break could make for quick profit on a short down to the channel support (red line) for at least a first TP.
I'll be watching this pair for acceptance of the resistance in the highlighted area and a turn back down to the channel support (red line).
Position entered as shown. R:R 4.66
I've tightened my channel slightly, ignoring some anomalous outliers. Ideally this will bounce of the 78.6% support (blue/grey border) and make a quick run up to the 78.6% (blue/green) border but I'll be watching for a bullish channel break at any point, confirm the break and enter long.
USDCHF is approaching 78.6% fib support (0.9480) within the shown channel with RSI showing some pretty heavy divergence. If it breaks the channel up near the fib support (circled area) watch for a retest of the support before confirming a bullish reversal. If a bullish channel break is sustained my target for profit will be the 61.8% fib (0.9659).
Sell Stop order pending as shown. SL is near recent high. TP at my 100% fib support. R:R 3.35
Watch for a break of this channel on AUDUSD followed by a break of the 50% fib (.7480). This could be a good short opportunity to first target the 38.2% fib (.7325) followed by the 23.6%fib (.7134)
This pair is at a decision point where the Fib 61.8% resistance is intersecting with the bearish trend resistance. It appears to be struggling to overcome this combo-resistance. Watch for a confirmed break of the short term trend support (red line) to enter a potentially lucrative short. Position as shown has R:R of 4.59
NZDUSD has been twice rejected from the 61.8% Fib resistance. If it looks like it's continuing to head down toward the channel support it may be a good idea to enter a Sell Stop order as shown below the channel support and just below the recent low 4H close (.67691).
Minor channel support broken near top of major channel. Sell Stop pending at indicated levels. Bit of an "M" pattern reinforces confidence in the position. If price re-enters the minor channel for continuation to major channel's resistance the position will be invalidated and we'll go back to the previous (tagged) set up.
EURNZD is experiencing a double top along a trend support. I'm watching for a sustained break of the trend support (lime green line) as a good opportunity to short this pair.
I'm leaning more towards a channel break than I am a continuation of ranging withing the shown channel (red lines). A confirmed channel break would lead to a great opportunity to short to the 78.6% fib support (blue-grey border)
Bearish divergence is still present. Pair seems to be shying away from the nearest channel resistance (lime green line). Sell stop pending R:R 3.3
Looks like we may have a bearish wave forming on CADCHF. The pair was rejected from the 61.8 fib of a downward move. I'm getting in with a sell stop just below a minor support line (lime green) to catch the continuation of the wave. Profit should be secured at major fib lines along the path.