Looking to buy up EURJPY at 119.52 on Weekly S2. Looking for an initial move to 120.25. There is some overhead resistance coming off the previous Cypher short on the daily chart, but i do think we should get small pop inside the green buy zone.
AUDCAD is trading back into a daily resistance level. We have an Active daily Cypher pattern as well as a ABCD completing inside the zone.
Ill be looking at shorting the R1 Weekly pivot level at 1.0330 stops above 1.0400.
Target at 38.2 cypher targets 1.0070
1H Cypher setting up (Check your data for 38.2 AB retracement). The Cypher is completing inside that large Daily support zone. A good Cypher opportunity or a chance to build a longer term position in Oil off this larger technical support.
We have a solid range built on GBPUSD. The GBPUSD is long tern very over sold and in my opinion due for a move higher. Looking to buy S1 pivot and the S2 pivots (if S1 fails) at the bottom of the range for a move higher.
S1 is 1.2100 Stops below S2
S2 is 1.2033 Stops below S3