In this AUDCHF pair, since overall trend is bullish, I would like to see the break of 0.69700 level and retest with bullish pattern to enter long, as it is at daily support level of 0.69000 and consolidating between 0.69000 and 0.69700.
In contrary, to go bearish, I would like to see the break of major trendline and retest with bearish setup to go short.
But my...
AUDCAD is currently at strong weekly support level of 0.93100. Personally, I would like to see the bullish candlestick pattern at 0.93100 to go aggressive long in this setup. But for conservative entry, I would wait for the break of 0.94000 level and retest with bullish pattern to go long.
In other hand, for bearish entry, I would wait for the break of 0.92500...
This pair is moving side ways. to go bullish we would like to see the break of 0.76000 area and enter on retest. And to go bearish, we need to see the break of 0.75000 area and enter on retest with bearish candlestick patterns.
Now the price is at major support zone and trendline. To go bullish, we need bullish signal pattern on resistance to target price to 1.85100.
As a bearish setup, we need to see break of resistance at 1.82550 targeting 1.8100 area.
CADJPY 4h Analysis June 1st, 2021
We are very bullish with this pair. It is forming its pullback now and we are waiting for the market to go back at the support level before we enter long to target the previous high. A great potential set up to keep an eye on.
AUDNZD 4h Analysis June 1st, 2021
This pair is actually bearish because of a clear breakout to the downside. We are now waiting for the retrace at the S/R level before it continues to go down to the next key level. Be mindful of your risk with taking this trade this is a good set up.
GBPJPY 4h Analysis June 1st, 2021
We are very bullish with this pair as we can see we are creating for another touch with the trend line and confluence with S/R. Wait for confirmation like wick rejections or candlestick formations.
GBPUSD 1h Anaylsis May 31st, 2021
We are having an ascending triangle pattern where we we are anticipating that the market will continue bullish. So we need to wait for a break above structure of the resistance level and enter long after a retest.
NZDUSD 1h Analysis May 31st, 2021
We are pretty bullish with this pair but it is still in a correction phase. Now we want to see a break above structure of the minor zone level and enter long after a retest then would target the previous high.
AUDUSD 1h Analysis May 31st, 2021
We are bearish with this pair but as we can see the previous price action is forming a bullish structure. But if it breaks above the structure high we will enter long after a retest and would target the next previous high. Otherwise if it rejects the resistance level it will continue to go down up to the next previous structure low.
