A better entry point for the CADJPY has emerged since the formation of a 4hr pinbar, we will attempt to enter the trade again.
This is a pre-London setup for a EURCAD sell, with a very tight stop loss. Once the neckline is broken, we can enter the trade. This trade should not be taken if the previous high is broken before the neckline is broken. We anticipate this trade providing three different targets with varying risk management options. We can adjust our risk depending on the volume...
This is a pre-setup and should not be entered until the confirmation of the 15m neckline is established. CADJPY has reached its trendline resistance. The previous 4hr pinbar has created a resistance zone, which may cause the CADJPY to fall to the 96.00 area, and potentially even lower to 95, as the bearish trend continues. Our initial target is the FIB 0.5 level,...
Once the 15m neckline is broken, we expect the EURUSD to drop to the previous 15m support level. This is the trade to be taken during the Tokyo session and we may close the trade when the London session begins.
EURUSD has been rejected at the trendline resistance and has broken through a smaller trendline, providing a potential short-term trading opportunity for the New York session today.
In our third EURCAD sell setup, we observe high volume activity in this zone, and our target is the FIB 0.5 level. Manage your lot size on Monday.
EURCAD is expected to experience a drop in the 1.46 price range, which is a major resistance zone. This prediction is based on a high probability occurrence of a bearish pinbar formation in December. It is recommended to wait for a fake out in volume before entering a sell position. Keep an eye on this for further updates.
GBPAUD has broken above a major trendline and transitioned into an uptrend. An optimal entry point would be upon an increase in volume, with a stop-loss placed below the trendline at the 1.75200 level.
EURUSD broke below a key support zone and has dropped to the next level. A potential entry point can be sought during the Tokyo session, targeting the major support zone at 1.07276.
The rejection of the price at a key level caused it to break through the wedge, as evidenced by the formation of a 4hr pin bar. We can observe that resistance has been identified, providing a nice entry with a tight stop loss just above the pin bar.
The EURUSD is currently experiencing pressure at a key level and is expected to retest a previous support zone around 1.07800. A reversal wedge formation has been spotted, indicating a potential reversal in trend. However, there is also a chance that the pair may continue to drop further.
The USDCHF currency pair has recently broken through a trendline and the neckline of a technical pattern, indicating a potential reversal in the market. There is a likelihood that it will test the previous support level, providing an opportunity for traders to engage in scalping (taking small, quick profits) during the Tokyo trading session.
The EURUSD has met resistance at a major trendline and dropped due to overbought market. It has also broken a secondary trendline, indicating bearish trend, and is expected to retest previous support levels soon.
Given the high volume bearish trend, we are utilizing the same strategy as our previous EURUSD sell. However, it is important to note that this is an additional trade and caution should be exercised to avoid excessive risk. Our target is a favorable 1:2 risk to reward setup and we will exit the position accordingly.
The 4 hour trendline has been broken, and the trend is likely to continue to decline, possibly reaching a previous support level.
It broke the 15m neckline, it could be dropped with a nice daily clean candle, down to the previous support 1.063 area.
With the 4hr candle, it has a high chance to pull back to its 0.5 FIB and continue push up, this is a good entry for a short-term sell.
It tapped the downtrend trendline and formed a 1hr pin bar, we expect it to retrace to the support.