GBPUSD has broken out of the bearish flag line and so we expect the market to drop further as a continuation of the downtrend as seen on the weekly chart. We will enter the trade on a 50% retracement yesterday’s candle, SL above yesterday’s high. Target will be close to the Weekly support level.
AUDJPY in a downtrend and respecting a trend line. We are waiting for a deeper correction and sell signal on lower high to get short.
EURGBP in an overall range on the weekly, but forming a downtrend on the daily. We may see a move up to the range top, but considering the bearish price action in the last couple of weeks we will be looking for sell signals on lower highs to get short.
GBPCAD in an overall downtrend and hovering under a resistance level. We are still short this market and expect the level to hold, however if the level is broken to the upside we will be looking for long opportunities.
BTCUSD is in a massive squeeze on daily chart. It tried to break out of the squeeze last week, but the breakout failed miserably. This is quite a bearish sign. After such a big fakeout, we expect the market to break to the downside. However at this point anything could happen, and the market may attempt another breakout to the upside. Either way we are waiting...
After a break back above the Weekly support/ resistance level we are bullish on XAUUSD. We are waiting for retest of weekly support and buy signal to go long.
After consolidating at a weekly swing level for a couple of weeks, GBPJPY has brown down out of consolidation and so we expect further sell off from here. We will consider shorts on any sell signals forming on lower highs.
In spite of Friday’s bullish candle, we expect further sell off of USDJPY after the massive bearish reaction of the above weekly resistance level a couple of weeks ago.
AUDUSD is still in a downtrend and showing some rejection of the 20 ema. It may correct further to touch the trend line top, or it may sell off from this level. We are already short this market, but if we get stopped out, we will look for further sell signals after deeper correction.
GBPUSD is forming higher lows and lower highs and therefore squeezing up in a triangle. We will wait for a breakout of the triangle before taking a trade. It looks likely to break to the downside. If it does break to the downside then this will be a breakout of a bearish flag and very likely downward continuation.
EURUSD is still overing around a weekly support/ resistance zone. Looking at the weekly chart we can see that overall we are still in a downtrend, and so our bias is bearish. We will be looking for sell signals on lower highs to get short. However if the market shows bullish price action off this level and pushes up into higher highs we may change our bias...
GBPCAD has overshot the resistance level and yesterday printed a bearish rejection candle under resistance indicating a likely move down.
NZDJPY reached a weekly support level and printed a very large 2 candle rejection of that level. We therefore expect the market to move up and at least reach the above resistance/ swing level, where we will eventually be looks for sell signals to go short.
EURGBP has reached the bottom of its range and is pushing back up. However it is looking very bearish overall so we will be looking for sell signals on lower highs to go short.
XAUUSD has broken back up above the weekly support/ resistance level, a bullish sign. We will wait for pullbacks to that level to go long. We may consider buy signals on the H4 chart.
EURJPY selling off from a weekly resistance level. We expect further sell off so are waiting for a pullback to a lower high + sell signal to go short.
AUDJPY is in a volatile downtrend, so perhaps not the safest market to trade. However if we see a good sell signal on a lower high we will consider going short, ideally close to the trend line level.
GBPJPY is still in consolidation at this weekly zone. We are selling a lot of bearish candles and rejection of this level, so we expect the market to sell off once it has broken its consolidation range.