Execute Market buy on EURNZD. Gold is dropping fast while US stocks rise from a dip. Descent management and a closed conservative exit on half the position should lock in profits. Good ratio with almost 2:1 win/loss ratio.
Potential for CADJPY to continue Uptrend after dip and retest of most recent breakout area. Oil Futures mimic this move as well. Looking for buying pressure to pick up in the green "buy zone" for Buy Opportunity. Either wait for the Breakout or place a conservative Limit Order in the zone.
Could see some movement for a bearish movement once retesting a prior high. If a break below the current level then sell entry setup for BRT or breakout traders. At the moment it is holding some momentum for the Long position, look for weakness near the prior high and a failure to overtake it. High volume could make for some consolidation before a continuation...
GBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do.
A move further down would below lower...
Waiting to see which direction GJ is deciding to go this coming week. Could see them looking to continue the trend up or begin another drop after acquiring more positions. Low volume could make ranging strongly possible this week.
Strong suggestion of a bearish continuation for now. Low volume means a possible prolonged consolidation period that could see ranging until Tuesday.
Rejection at the violation zone (box below) would validate the ranging warranting a break and retest of it with some big engulfing moves.
Could see a bullish move into a large bearish push on UJ for a downtrend continuation. Should see a large fakeout just after ATR n volume has drop significantly in the upward direction with a large spike in volume and atr after the move. Dont get caught in this move as this is the trap that is due to turn an accumulate liquidity in the market for a bearish push.
GJ has been consolidating the past week or so and could start a minor down trend before continueing upwards. There is bound to be a nice big fakeout at some point before it shows its true direction of intention. This if if it decides to go short.