S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
the market has recently broken a neckline on GBPUSD and now we have a perfect
chance to catch the retest of the broken level.
look for long trade around 1.218 level.
Target 1 - 1.229
Target 2 - 1.327
Stop - 1.209
USDJPY is currently consolidates around significant resistance level.
setting new higher lows and forming an ascending triangle
the market leaves us clues that there is a high chance to see a bullish continuation.
adjust your trading plan accordingly and be focused on breakout.
next levels on focus:
EURCAD is approaching significant demand zone.
The market is currently trading within the falling wedge pattern.
If bulls break and close above the resistance line of the wedge,
for us, it will be a perfect signal to long the market.
Stop below the lowest point of the wedge.
T1 - 1.485
T2 - 1.495
potential head and shoulders pattern formation on USDCHF.
Our plan is to wait until a formation of a right shoulder
and sell the retest of broken neckline.
However, attention! here the neckline is very wide and you need to let bear go through it.
the you can set your sell limit.
T1 - 0.9740
T2 - 0.9705
though we caught a very good short on USDJPY this morning,
for those, who missed this trade, now, there is a chance to be involved.
the market set very nice head and shoulders pattern and
this night you can wait for a bearish breakout of a neckline and short the pair.
Target - 105.8
Stop - 106.55
there is a very high chance to see a drop on GBPCHF after the market has reached
significant supply zone.
be focused on 1.865 structure support,
if bears break below that,
there will be a high chance to see bearish continuation to lower structure levels.
double top formation on usdjpy.
I am focused on 106.5 minor structure support.
if bears break and close below that, I will short the market,
anticipating bearish continuation.
T1 - 106.22
T2 - 105.85
Stop - 106.75
BTC is approaching a significant supply zone.
On 1 h chart the market is trading within a rising wedge pattern.
Your plan is:
Let the market reach a supply zone
Then wait and sell bearish breakout of a rising wedge
T1 - 10100
T2 - 9500
Stop above the highest point of the wedge
EURJPY consolidates around 117.6 structure support setting lower highs.
if bears break below a key support, we can expect bearish continuation to lower structure level 116.1.
*Stop to breakeven when the market reaches 117.0
AUDJPY is still standing inside a significant demand zone.
72.5 structure support in on our focus.
if bulls break and close above it, we can open a long trade
anticipating bullish continuation to higher structure levels
T1 - 73.9
T2 - 75.9
*if the market sets new lower low, the setup will be invalid