UnknownUnicorn387072

UnknownUnicorn387072

A current short setup with the NZDUSD with a bearish engulfing pattern on the weekly chart following the previous shooting star pinbar on the weekly chart. These have strong confluence as they are at the 50% fibo retracement level and also at or below the 200EMA. As a speculator, I speculate we will see this return to or go near to the previous low of 0.6200.

UnknownUnicorn387072

Trading on the weekly chart, previous week (16-22 OCT) shows a shooting star pin bar at trend resistance. In line with the trend, going short for first TP level around 0.7440. I expect this could retest support levels around 0.6820 eventually.

UnknownUnicorn387072

Currently price is at an important area of support. There is a potential for price to return to the 136.00 level or higher. CAUTION: price is currently trading under the weekly 200EMA, so ensure you practice good money management and place your stop appropriately.

UnknownUnicorn387072

Short EURCHF at market (~1.0830) due to Monthly Bearish-Engulfing price action and a Daily close below the trend support level.

UnknownUnicorn387072

The week isn't over yet, but potential pinbar forming at trend Support. Will be interesting to see how the week ends. CCI is in oversold area at <-200 I will be watching this one early next week.

UnknownUnicorn387072

Possible SHORT opportunity with the AUDUSD. Waiting for CCI to cross back below the +100 line for confirmation.