Deut0818

Deut0818

CADCHF short analysis: On the daily timeframe, we see a bearish run from August 12 that ended with a bullish doji on August 20 and the pair has been correcting since then. On Friday, we saw a bearish hammer close just below 78.6% of the previous bearish move and yesterday's trade confirmed the bearish move with an engulfing candle which closed below 50%. 61.8% was...

Deut0818

GBPAUD is at the point we've been watching for a while now (61.8% retracement of the previous bearish swing). Watch closely for short opportunities

Deut0818 Updated 

EURAUD sell setup is gradually taking shape. We've been on a downtrend since August 23rd and we're presently around the 50% Fibonacci retracement of that bearish wave. Yesterday, we got a bearish candle and another bearish close today should give confirmation of the sell

Deut0818

CadJpy correction could be done and it might be time to lookout for bearish confirmations. The pair has been correcting the drop from 2 days ago, and we some a rejection around 61.8% yesterday. If today's daily candle closes below 50%, we might get more downside movements. For now, I'm placing this trade based on the MAs, with stop loss above the 200 hr EMA

Deut0818

The bearish pressure on EUR continues and we can see more drop from this level to form a double bottom or drop even lower. The 1 hr macd is below 0 and we have the EMA cross in favour of the sell with a retest of the 200-hour EMA.

Deut0818

A good level to watch out for a sell in GBPAUD. The previous bearish wave has been retraced almost 61.8%, a good rejection at that level and possible divergence on H1 should present us with a sell opportunity down to the channel support.

Deut0818

EURUSD could present a short opportunity next week. I'm looking at these 3 levels as targets upon confirmation

Deut0818

AUDUSD looks set to resume the sell after a 3-wave flat correction. The 200ema has also been retested for confirmation of the short trade

Deut0818

Gold got rejected at the supply zone and looks set to retest the wedge support trendline. If the sell pressure causes it to break down from the wedge, we might have a weekly double top for more downside

Deut0818

No entry yet because this could simply be another correction for more downside, but if the bullish pressure is maintained, we might get an entry around the NY session

Deut0818

Rejection from the 61.8% fibonacci level can see EN rise again

Deut0818

We might see some strength in USD this week if the 200-day EMA holds. Note; the 50-day ema is above the 200-day ema, and macd is still above 0 after crossing in July

Deut0818

NZDJPY looks set to complete its correction and resume the drop

Deut0818

Zigzag correction looks complete and buy should resume

Deut0818

Breakout identified, look for buy entries upon pullback

Deut0818

Expanding 3-wave correction looks done and sell should resume

Deut0818

After a 3-wave correction towards 61.8% fibonacci level, ChfJpy looks set to drop. Albeit, it's on the 200ema on m15; a break and retest of the ema should give further confidence in the drop

Deut0818

Following Monday's bullish impulse, we can trade this bullish continuation