OANDA:NAS100USD We could see a short-term change in momentum in this area after Santa's rally. Price traveled in a really nice channel on it's way to break the highs, and it is now consolidating on the 1 hour. IF pricre closes underneath support the 50 EMA on the 30-minute time frame there is a chance that the lows will be retested. We could also see a...
FX:GBPUSD GBPUSD seems to be creating bull flag on the 1 hour time frame. If price manages to break above our trendline we could see a retest of the highs on the daily If the price fails to create a higher high and breaks below support, we'll see a continuation of the downtrend.
FX:EURUSD Looking at the monthly time frame EURUSD is in a steady downtrend. Price created range between 1.24000 and 1.078566, before falling beneath it to create a lower low. We've been consolidating in this retest zone since Jan 23, this could be a big moment for EURUSD. If price breaks above the 50 EMA on the monthly, there is a good chance that we'll see...
FX:GBPJPY GBPJPY created two rejections at the 0.5 fib before giving us a pullback. With the multiple rejections at the lows, this could be a micro level of support. Let's see if the uptrend will continue from here. If price fails to maintain the uptrend, well, wait for a break and retest of support before taking the entry.
FX:EURJPY Price is consolidating on the 1-hour time frame. At this moment price is resting on resistance, if we get a push above there is a good chance that the highs will be retested. If this price fails to break above, I'll wait for a break beneath range to look for the sell setup.
FX:AUDJPY AUDJPY finally broke above the downward trendline. Now, price is pulling back to retest the area where we have a break in structure. If price fails to close below this area, we will see a retest of the highs to capture liquidity. If the uptrend falls shy, there is a big chance that the lows will be broken.
FX:AUDCAD Looks like we like a break of structure coming soon. On the the higher time frame price has been consolidating. We have news dropping in a few hours. Let's see if the price falls to retest support. We could also see price breaking above the trendline and creating higher highs.
FX:AUDUSD Looking at the Macro Fib from the daily swing high to low. So far, the uptrend has been strong. For the past few days price has been rejecting at .786, creating liquidity above. If the price fails to close above this daily candle, there is a chance we could see a pullback. If the price manages to close above .786, the highs will be retested if not broken.
FX:NZDJPY Looking at the higher time frames, there is a chance this pair could make another push to the upside before giving a reversal. In the 4-hour time frame, two double tops are printed close together. Overall, from what I see, the rest of this week could be bearish if the highs aren't broken. If it falls below this level of support, giving us a close...
FX:USDCAD This pair has been on a steady downtrend. The last few support areas only held long enough for price to create range. Looking at the current break of structure, if the price closes below this area, the next point of interest is the low on the daily time frame. If the price manages to close above the support line that it just broke, we will see a...
FX:USDJPY So far, price created a double top on the 15-minute time frame that led to a sharp pullback. Right now we are testing a micro level of structure that was broken. If price holds here, we could see a retest of the highs. Price could also continue the downtrend from this area. If that occurs we could use the break and retest method to take advantage of...
FX:EURUSD Looks like that short-term buy we called will play out. Price continued to move up after breaking the trendline. Let's see if price will reject after hitting this level. If price does not fail at this zone we could see a break of the highs.
FX:EURUSD We could be seeing a short-term uptrend if price closes above this trendline. The multiple rejections at the lows created fluidity below, so the area will be broken. Price could also print a false breakout of the trendline and continue the downtrend.
FX:CADJPY CADJPY is giving us a counter-trend to the upside. We have liquidity underneath this daily zone where we have a macro structural break. If our trendline is broken we could see a break of the lows.
FOREXCOM:XAUUSD Looking at gold, price gave us multiple rejections at the highs, and the bearish momentum is still firm on the higher time frames. On the 15 min, we have some consolidation and a break of the downward trendline. With these factors in place we could see a retracement before the downtrend continues. We could also see a break of the highs from here.
FX:EURUSD EURUSD printed a steady monthly downtrend before the trendline was broken. Shortly after price created range between 38.2 and .50 FIb before giving us a major rejection at the 61.8 on the Fib. If price fails to close above the .50 on the monthly we could see a retest on the 23.6. If bullish momentum remains strong we could see a higher high.
TVC:USOIL We had a downward trendline that was broken on the 2-hour time frame. Right underneath it we have a microstructural level that needs to be retested. If price reaches this level and fails to break below, price could continue to uptrend and retest the double top at the highs of the 2-hour. It is also possible for the uptrend to continue from here...
OANDA:NAS100USD Nas100 is creating microstructure on the 30-minute time frame. If price breaks below this zone there is a chance that we could see a retest of support on the 1-hour. This could be a possible liquidity grab. We could also see a bounce from the intermediate level to break the highs.