NZDJPY still got strong bullish momentum and is expected to go higher after bouncing from a extreme area with decent support. Retest of high or going higher expected.
EUR/CAD heavily bearish atm and just broke out of a major daily support last week. Trend is with high probabillity going to continue its bearish move if it comes up to this level. So at this level I'm looking for a bearish comfirmation setup to short EUR/CAD.
PS: Don't use this as a signal, but rather a level to watch out for, and only trade if it fits your...
A good opportunity to go short before the weekend(I recommend to not hold short-term trades over weekends). A bearish bat formation on a decent structure level with acceptable risk/reward. If price goes past entry point and reverse I advice you to recalculate TP zones with the fibonacci retracement tool from A to the top of the reversal candle, to ensure that your...
With a Cypher pattern allready completed at 78.6 of XC move, we'll see a minor pullback before going lower.
If you take the Fib tool and measure XA to be 88.6, and then the BC to be 1.27, we will have a confluence of fib ratios near a major structure on the pair.
STRONG Buy IMO.
AUDUSD is in a strong downtrend and we would look for bearish setups. Here's a quite strong setup with a Bearish Cypher forming just before a structure. Entry would either be right on the bat at "D" or for more conservative traders like myself wait for it to hit between 0.79963 - 0.80443 for a tighter stoploss and higher probability reversal. TP could be at...
