I am going long, NZDUSD @ price. Consider your risk reward ratio and decide if this setup is favorable to you. My initial target is @ 0,68902. Also bear in mind that this move is counter trend.
A full day close bellow 34 EMA (pink) invalidates this setup.
#CHFJPY Set To Continue Rall
The pair had initially broken a falling trend line and price was trapped around the 200MA. Price breakout from this zone in 4H time frame suggest more rally ahead.
Price descending towards important support around 0.69675. A break of this price level on weekly close would fuel more significant price move down towards 0.5600 price level.
Price descending towards important support around 0.69675 price level. Correction towards 1.71000 would be a better sell opportunity for short term target (note: I'm already short at price).
#USDJPY price is bound in a rising channel. Price has successfully bounced off the channel support, rallying towards channel resistance. I expect price to test channel resistance in the coming days. To make the risk worth it, I prefer buying at price pull back towards 115.000, if you wouldn’t mind missing the opportunity should price fail to test that level.
#GBPUSD price had initially broken the descending trend ling from previous double top at around 1.42504. This price rally was stopped short at 1.37488 by the 200 day MA. Currently, price is again bellow the descending trend line. I’m on the sideline at the moment until price break bellow my reference price @1.34305 on daily close. Bellow 1.34305 price level,...
#GBPCAD chart setup is bearish at the moment. Price could turn down to around 1.67000 price level. Only price break above previous high around 1.73100 will invalidate the bearish outlook.
I actually sold this pair at 1.70000 but the setup hasn't lost luster yet.
EURNZD price is extending gain towards the weekly 200MA currently at 1.71000. Keep your on 1.71619 price level. This zone is possible price congestion or outright rebound zone. Profit consolidation advised.
AUDJPY price likely to fall from here towards 79.000. Any price pull-back towards 82.000 would be selling advantage. Watch-out for rising trend-line support currently around 79.200.
