A trade to look out for tomorrow. This will be a countertrend trade where prices are at a H4 resistance area. Looking for a further push up, deeper into the zone before a breakdown and continuation move for a SELL opportunity. Otherwise, wait for a true breakout and retest for next week.
GBPNZD H4 - LONG Waiting for a breakout of an immediate resistance @1.94500 area, creating a higher swing high. After which, look for a pullback onto previous structure, making sure that there is a depletion in bearish momentum before taking a LONG position.
AUDCAD H1 - LONG Prices are sitting at a daily support and is about to test the immediate support area. Look for strong bullish rejections at this zone for a LONG position towards previous high. Depletion of bearish movement can be seen as well. For those who are not in AUDUSD, you can look for a potential trade here.
GBPNZD H4 A breakout of flag pattern would drive prices towards the 1.272 extension @1.95596. A breakdown of immediate support level will move prices towards the subsequent support zones.
Looking for a double top formation at a resistance zone, for confirmation that prices are bearish. Execution technique: 1. Look for bearish engulfing candle, inside bar break down, 3 bar-reversals 2. Drop down to the lower timeframe to catch a pullback entry for better R/R. Manage your trade!
GBPAUD H4 - LONG We are in a BUY ZONE right now and definitely looking for bullish pressure to move in before buying onto the next resistance zone, which comprises of sellers waiting to take a position.
GBPCAD H4 - LONG Double bottom onto support area, looking for a bullish momentum move upwards, indicating bullish strength before taking a potential BUY entry towards previous resistance zone.
Triangle breakout, looking to clear previous swing high. With that, a new trend is established and we will be looking to catch the trend continuation, ONLY if we get a retracement entry for a better risk to reward ratio.
Strong bullish rally, now coming back for a retest onto previous structure. Execute your favourite entry technique to capture a LONG trade towards the next available resistance zone.
On a macro level, prices are within a range, with a defined resistance and support area. As long as we have our stop losses below or above these zones, we can take trades. Right now, we are looking for a BUY position if we get a pullback.
Double bottom formation, follow by a breakdown of neckline structure, came back to 1.68300, failed to break higher and made a strong bearish impulse move towards where current price are at. Potentially taking a pullback SELL opportunity towards 1.67200.
NZDCHF H4 - LONG Strong bullish impulse leg breaking out of previous swing high, which came back for a retest of structure and formed a double bottom, looking to move upside again. Be patient and wait for your setup!
Constantly making higher swing highs and higher swing lows, which indicates a bullish trend. As long as prices do NOT break the immediate swing low, we are always BUYING. Look for BUY opportunities if we get a pullback onto previous structure for a LONG position.
Consistently making higher swing highs and higher swing lows. Take a BUY position at this area, potentially creating the higher low that we needed, in order to push towards the next extension level for take profit.
GBPCHF H1 - LONG Previously, we see a consolidation breakout and now, we see a similar pattern whereby prices made a bullish impulse leg, consolidates and we're expecting a breakout off this level. Projected move will be the 1.272 fibonacci extension of the bullish impulse leg! Be patient and wait for your setup!
Strong bullish impulse move, followed by a retracement with weak selling pressure. This means that the current bearish move is a correction move and we are looking to BUY soon. Look for bullish price action and bullish pressure to come in again. Be patient and wait for your setup!
AUDCAD H1 - SHORT A trading opportunity arises as we approach the market week. Bearish bat pattern formation @0.98150 area where D-completion is made. Look for bearish pressure or selling interest for a move down towards the next support area.
Bullish wedge pattern breakout. Look for a higher high formation and take an entry if prices comes back down for a retest onto the structure.