GBPUSD is not stopping and has once again broken another corrective structure to the downside presenting yet another opportunity to short the pair.
GBPJPY has broken the falling wedge corrective structure, if you look at the monthly chart there is still plenty of room for further downside so I am looking for a short opportunity from around here.
with the pair breaching the previous weekly structure and now consolidating in a 4 hr channel provides an excellent opportunity to short the breakout which would come pretty soon, although the initial target aimed here is lower the downside breakout will have the potential for a much larger move later on.
This is going to be a huge trade to the upside when the price breaks the corrective structure, I am anticipating a break to the upside very soon, keep a keen eye on this one as the upside potential for this pair really huge.
Here is another setup to enter short for those who are not already short in the earlier setup, once the price breaks below the corrective structure. Downside potential in this pair is huge.
Looking for another impulse up after price breaks above the correction. We are getting a good consolidation and it may be ending soon.
EURNZD is correcting after the last impulse and it now looks like we may have the next impulse coming up soon providing an opportunity for an entry for those who are not long already
EURAUD is correcting after the last impulse and it now looks like we may have the next impulse coming up soon providing an opportunity for an entry for those who are not long already
AUDUSD is consolidating after the last impulse and I am looking for a sell when the price breaks below the corrective structure, this setup presents a huge downside potential.
GBPCAD has broken put of the 4 month corrective structure signalling that it has ended and the next impulse has begun, price has broken out and is now retesting the previous structure presenting a perfect opportunity for long positions.
GBPAUD is at a very interesting point, there is the potential for a breakout from here to the upside ending the long correction, with AUDUSD possibly resuming the long term down trend this view is very likely to materialize, we will watching this pair very closely in the coming days.
EURAUD has broken out of the daily corrective structure and is consolidating above the previous structure presenting a good opportunity to go long on the pair with good R/R.
Weekly correction broken, impulse up and another small correction down.. we have a nice long setup here, setting two targets along the way...
Expecting the pair to break above for the completion of minor c wave in the short term.
A number of factors leads us to believe that the correction may have very well begun presenting an opportunity to short the pair.
Looks like we have an ending diagonal and the bears have already jumped in full force with bull trend line and support trend line broken opening up the possibility of bigger targets on the downside.
A simple 60 minute buy setup, please check my other charts for long term view on this pair.
USDJPY looks like it has placed a short term top around 125 and with prices breaching the 3 year old trend line on the weekly we are looking for prices heading further down with an initial target below around 115.