Expect to bounce up to resistance then drop down to support and possibly blow through.
The momentum is going down while sharp trend up. Possible Big Right Shoulder Grey Line = Entry Red = Stop Loss Green = Take Profit Blue = Trend Black = big support
AUDUSD looks like it will have a nice bounce off support after a big drop today! Red line is Stop Loss Green line is Take profit Yellow line is suport
EURCAD I see trending down for a nice profit on a quick short position. 1. The Stoch is hovering in oversold looking to turn around 2. It his a nice line of resistance 3. Overall Trend is downward 4. It is at the top of the mini channel looking to pop back down to the buttom level of the channel. Red dotted line is stop Green dotted line is Take Profit
Nice short position for the GBPUSD following a nice strong trend down.
USDJPY for a short position following a trend and when the channel pinches close looks for a break down for a small profit.
Short following a downtrend and then a possible upturn after. I dotted a quick exit point for a nice small profit.
EURGBP nice quick short position with a chance of a nice breakout!
I see a nice quick buying opportunity for the USDCAD for a nice quick profit.
Following the long trend up after support held once the shorts came in during the news!
EURUSD looks to be heading in the direction to form a double top formation. It bounced off support and I expect to continue to rise until around the same area.
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.
AUDJPY should be rising and provide a nice scalp. I actually got into the trade a bar earlier but I wasn't able to publish the idea. I still believe you can get in for a nice scalp position as Stoch is heading up as well as bounce off the trend support.
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.
The EURUSD is attempting at a new high in the recent days and I fully expect a retracement back to the 1.36210 level which will provide a nice shorting opportunity. This I expect it to rise and possibly bounce through the tested resistance level and have it become a weak support line. The Stoch is in overbought location and looks to be heading down which is good...
EURUSD is bouncing of trend line after attempting to obtain new high. With the looks of momentum not support its upward movement. MACD is neither oversold or overbought and I will bet after it fully tests high it will become overbought.
Bounce off the trend line support that is also a major support line. The Stoch is hovering in Oversold and the MACD is starting to turn around after dropping down strong. If you want to do a quick short scalp and then ride the LONG position for a few hours that should be possible.
Cup and handle formation is forming. I would wait to get into it until it fully forms but looks like it will be a nice play for a good profit. If it does drop below the formation of the cup prepare for a nice short position.