As you are seeing we have a nice bullish rejection / significant candle from support zone providing a good opportunity for going long.
USD is very strong against commodity currencies and we had some pull backs and corrections lastly but the general picture is still bearish for commodity currencies so I'm going to short NZDUSD because I think the counter trend pull back may finished and it's time for second leg down.
Look how clear is the price! Nice down trend and great pull backs after each down leg, I had a short position on Oil so I think it's time to add on it.
As you are seeing this pair is on a very strong down trend, We had a small pull back and now we are seeing price showing clues of ending the pull back so let's ride this trend.
I had a long position on EURAUD: And Now I want to add on it after this pull back.
EURGBP is on an up trend and if you missed to ride it or want to scale in your long positions it's great time, As you are seeing it looks like the pull back is may finished and price bounced from previews resistance zone and formed a bullish engulfing candle so let's catch another Higher high.
As you are seeing GBPNZD is on strong down trend and we may see another leg down so let's short this pair.
As you are seeing EURUSD is going to form an H&S pattern but it's not completed yet.
Is it time for bulls to step aside and get some rest?
Looks like the pullback finished and we are going to see a new low on Oil, Yesterday candle was awesome and clearly showing the end of pull back so now it's time for resuming the down trend.
We were on a strong up trend and now it's looks like the bears come in and we may see a big pull back or a reversal in both cases we can catch some pips.
As you are seeing the price had a strong up move and then the momentum became weak and start to fall little bit then bulls tried to recover their losses but failed and they faced some strong bears(last bearish rejection candle of swing high) and now we have a bearish significant candle that may start a new leg down so let's see what's going to happen?
USDJPY today candle was a big bearish significant candle and it's telling we will have some nice down move soon so if today candle closed like this without any strong up move I'ill open a sell stop order 5 pip below this candle.
There is a bullish significant candle after quite long down trend and such reversal type setups give us the opportunity to catch a trend from it's beginning so this trade has very good R:R.
EUR was very weak this last days but today after ECB interest rate statement it get strength so now let's see EUR can recover it's losses? If today candle closed like this I will open a buy stop order tomorrow on top of this candle so we will wait and see how today candle going to close.
As you are seeing the next leg down is started and it's going to fell more, I have an open sell limit order 10 pip below the bearish significant candle.
USD may get rest and start a small down move, I think it's time for a pull back before start of next leg up so let's see what's going to happen.
Here we have a nice bullish rejection candle with a significant candle and if we long this from here we will catch the next up move toward previews high and from there the price may fall back or it will make a new high.