USDJPY is approaching a supply zone on the weekly chart @ 117.47 until 118.671. The monthly rage high is @ 117.687 (around this area looking for shorts) I am waiting until this level is reached and want to see a move down first. After a retest of the high, I'll short it. The target will be 115.805
$EURCHF is running out of steam and is close to a correction to the upside. Long entries are valid until 1.02994, stops below with an intraday target of 1.04371. I like to see the price moving up first and enter on a retracement.
Fiber should retrace to either the first or second demand zones. Once the price reaches the first, we need to see how the price behaves and wait for confirmation. If it breaks, the price should go to the second demand zone where it should be bottomed out. Excellent risk/reward ratio.
EURJPY is close to entering a supply zone. The average daily and monthly range high is around 132.650, this should limit further upside for the rest of the month. A bearish harmonic formed, which should correct at least to the former resistance (break-out) line. First target 132.00, then I expect to consume the bullish spike on the 3rd of Feb.
Aussie is approaching a supply zone on H1. The pair formed a bearish harmonic pattern and the ADR is at 0.72022, the weekly range comes in at 0.72149. I like to see it entering the zone, moving down first and selling on a retest.
EURCAD is approaching a supply zone on the H4 Chart and a bearish Bat has formed. ADR is at 1.461700 where the price should go down. Target is the Fib 50% level, with the first exit on the 38.2% level. The safest way to play this is to wait for the correction and short it when it retraces back into the supply zone.
The loonie had reached its weekly range low at 1.25042 and formed a bullish Butterfly pattern. The price might move up from here or decline a bit more until it finds support near the 1.24083 area. It should retest where it broke out to the downside yesterday, with a target of 1.26202.
$EURUSD has reached its weekly range high and formed a bearish butterfly pattern. The supply zone is at 1.14596-1.14645, which will be the ideal entry. Price should consume yesterday's spike up, now or until it has reached the supply zone.
Cable has reached its weekly range high and formed a bearish butterfly pattern on the H4 and D1 charts. However, it did not enter the supply zone yet. Price could fall from here first to 1.36364 first (the point where it went aggressively up and need to be consumed), then goes to the supply zone. From there to the final target of 1.33743.
Price has entered the Daily and Weekly Supply zone which is from 0.83351 to 0.82765. The chart shows a Bullish Butterfly which indicates that we can expect a correction up. The daily range low is at 0.83133. I'll wait until it has reached the daily range low and see how price reacts, wait for a correction up and enter on a retracement when new support has formed....
Price has reached its weekly range high and entered a supply zone. Also on the D chart, there has been formed a bearish butterfly pattern.m which will be invalid when 158.388 would break. Safest play would be waiting for a correction, and enter short on a retracement with stops above the previous high.