NJ has rejected a strong level of resistance, from this point we will be selling the pair till the lower boundary of the range🙌🏻
EUR/NZD has rejected the line of resistance, from this area we are opening shorts till the zone of support at 1.70700🙌🏻
The currency pair is currently ranging between two key zones. We are opening a sell position till the lower boundary of the ranging rectangular🙌🏻
The pair has formed a triangle pattern, so we will be waiting for a breakout to either buy or sell🙌🏻
A major area of supply has been able to push the price down and from this point on we will be anticipating even further decline in the price🙌🏻
AUD/NZD is still in a downtrend and it has rejected the descending trendline. From this area, we are looking forward to opening short positions till the 1.04200 key area🙌🏻
Interesting scenario on The Cable, we will be waiting for a breakout to happen. If the price manages to break the zone of resistance, we will be looking for a re-test and buy. On the other hand, if the price breaks through the rotated rectangle, we will look for sell positions after the re-test gets completed🙌🏻
The pair has found a new top and is ready to drop for about 100 pips now. We will be opening short positions till the 1.20 area when the market opens🙌🏻
The pair has broken through a zone of support and has come back to re-test it. From this area, we will be opening short positions till the 1.06700 area🙌🏻
We will closely monitor the closure of the H4 and wait for more confirmations before opening valid positions. If the price manages to break the resistance line, we will open long positions and aim for the 0.92100 area. On the other hand, if it manages to reject the area of resistance, we will open short positions till the 0.90000 level🙌🏻
If we take a look at the H4 chart, we may observe that the price has created a double top at a very strong resistance level. The Risk-to-Reward ratio is not the best, but we will still take this trade as we highly believe that it will drop till the next key zone🙌🏻
The price is trading in a sideways ranging rectangular box and it is currently at a strong supply level. From this area we are opening some short positions and aiming for the lower boundary of the box🙌🏻
EUR/JPY has heavily rejected the upper boundary of the sideways ranging rectangular box, from this area we are looking to open some short positions till the lower boundary of the box🐻
The price has rejected the upper boundary of the descending channel, so from this area we are opening some short positions🐻
-The pair has rejected a major zone of resistance -Has created a double top at the supply zone
AJ has found resistance around the 77.000 area. We have opened short positions and set our targets at 76.000 (0.618 fib) and 75.600 (demand zone) areas🙌🏻
The reasons: -Strong bearish rally -Has broken out of a triangle and has come back to re-test it -Ranging in a massive downtrend
The reasons: -It has bounced off an important support line -It has re-tested the 0.618 Fib line on the DAILY timeframe