NZDCAD has shown strong bullish momentum the past 4-5 days after the break of the resistance trend line (A), after a bullish run NZDCAD has recently hit the 78.60 Fibonacci level, this level has been respected and has shown strong rejection.
Price has broken the support trend line (B) and is showing bearish momentum, this can be expected from this...
NZDJPY formed a bearish flag pattern and price strongly rejected the resistance level marked in red, the RSI was also showing a clear divergence on the 1 hour timeframe indicating potential bearish momentum. Price is currently breaking the support trend line of the bearish flag so I will be looking for short positions.
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I hope you have had a great start to the week.
As you can see from my chart, CADJPY had broken and closed below the support trend line (A) of the bearish flag. Price had created a support level (B) below this trend line and is being respected as of now, if this support level (B) is broken we can expect CADJPY to continue to drop further.
Hope you're all having a great weekend.
Price has touched the resistance trend line (A) on 3 different occasions, on the 3rd touch we seen price show strong rejection therefore causing bearish momentum. Right now price is currently on its way to a support level (B). If price breaks this level (B) we can expect EURJPY to continue to drop with more...
Right now GBPUSD is currently sitting at a resistance level. As you can see from my chart price has just touched the resistance level for the 3rd time, because of this we now currently have a potential short opportunity. Short positions can now be opened however if you would like to see more bearish momentum to confirm a potential sell then you can...
Hope you all had a great Christmas.
Right now AUDJPY is currently breaking resistance with strong bullish momentum, if we see price close above this area we can expect the market to continue the bullish trend.
I will be risking 1% and looking for a 3% return. My SL will be roughly 15-20 pips and my TP will be 45-60 pips. (Depending on my SL)
Hope you all had a great Christmas.
Right now NZDJPY is currently breaking resistance, If the 4h candle closes above this area, we can expect price to move higher giving us a good long position. I will be risking 1% and looking for a 3% return.
If you wish to use this idea, please enter at your own risk and use good risk management.
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Take profit was hit after a nice break of the support trend line on 4h TF.
The past week and today, CADJPY has made me some decent profit. We had a nice Head & Shoulder indicating a reversal which went to plan, I took a sell position from the 3rd touch of the trend line resistance on the right shoulder, along with this, we seen 2 bearish flags formed also showed...
Last week I had said stated that we were seeing an inverted H&S, today the neckline has finally been broken, we can expect bullish momentum. Remember to use good risk management when entering any trades.
Good luck with your trades this week and Merry Christmas🎁
Right now we can see that NZDJPY is currently at a resistance level marked by the red area, below we have a support trendline which price has respected. If price breaks resistance we can expect more bullish movements.
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I hope you guys had a good weekend.
As you can see from my chart AUDNZD has been bullish short term and has respected the support trend line, right now price is currently sitting at a resistance of the trend line. If price breaks this resistance trend line we may see price mover higher, on the other hand if price breaks the support trend line price...
On my last CADJPY idea, I had stated that we was seeing a Head and Shoulders pattern, this pattern was respected by market price and reversed and broke the neckline to the downside with strong bearish momentum just as I expected. Along with this, we also seen bearish flags indicating more moves to the downside showing bearish pressure. Right now we can...
Next week Ill be looking for potential AUDJPY longs, if you seen my previous AUDJPY idea, I had stated that if price breaks the bullish flag we may see the current trend continue, price broke the trendline resistance and is currently being respected. AUD has been very bullish lately however price is currently at resistance, if this level is broken, we...
We are currently looking at a bullish flag, flags tend to be continuation of the current trend...judging by past market price we can expect price to break the trend line resistance therefore triggering the next leg of the trend move.
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I'm currently looking at EURNZD as there is a clear inverted Head & Shoulders pattern, I'm expecting an uptrend soon so I am waiting patiently for the neckline to be broken before entering a long position.
I will be risking 1% of my capital and looking for 4-5% return.
Please feel free to use this idea (PLEASE ENTER AT YOUR OWN RISK)
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If you see my CADJPY idea on my page I had stated that we may be seeing a potential Head & Shoulders pattern forming. Its been over 24 hours and the Head & Shoulders is now visible. Right now its a waiting game to see where price moves to next, I have set an alert at the neckline to make sure I don't miss the trade if price respects this pattern....
This week I am currently looking at a potential sell on NZDCHF , as you can see from my chart, we are looking at a Head and Shoulders pattern. Before I do enter a sell position, I will be looking for a break of support which I have marked with a white horizontal line. You may be wish to enter when the 4 hour candle has closed below support or you can...
This week I am currently looking at a potential sell on CADJPY, as you can see from my chart, we may be looking at a potential Head and Shoulders forming. Before I do enter a sell position, I will be looking for a break of support as you can see from the green marked area which I have drawn. You may be wish to enter when the candle has closed below...