1h
GBPUSD Symmetrical TriangleLook for a break of this support trendline to short, as well as DXY breaking the 101.70 resistance that I posted and mentioned earlier.
It will be easier to short GU since there is more space between the breakout and the next support - as opposed to the resistance trendline breakout and resistance above it.
EURNZD 4h/1h Possible Inverted Head and ShouldersA similar possibility to EURUSD on the 4h - so if price heads down on both those pairs, there will theoretically be an inverted head and shoulders.
The rest depends upon the strength of the Euro's NZD and USD pairings.
I also may look for a short, with a sell stop order at the green line and a target of slightly above the next area of immediate support.
EURJPY Possible 1h Short I am technically neutral on this pair, however I will only take a bearish position.
This is because there are no major supports below the support trendline shown above, while there are several resistance areas above the resistance trendline.
There are simply less obstacles in a short position.
USDCHF 1h Short then Long OpportunityWaiting for this setup - a break of the smaller support trendline, and then a drop to the larger one, from there I will look for a bounce.
NZDUSD 1h Bearish Continuation SetupAfter a bullish move for several hundreds of pips, NZDUSD has finally reversed.
The reason for this was a second batch of poor economic data, and the strengthening of the US Dollar.
Above is my position, which satisfies my risk to reward ratio of 1:2, which is still open.
As the week was nearing the close, volatility just kind of dried up and price began moving side to side.
This is known as accumulation.
The setup is basically a continuation setup, with a slanted resistance trendline indicating lower highs.
I will likely add to my position if price breaks this structure.
CADJPY 1h Bullish off 1h Support TrendlineDepending on how markets open, CADJPY may be set up for along position to buy as shown by the order above.
GBPUSD 1h Perspective on Symmetrical TriangleThis is simply my view on this pair with no bias, as no breakout has formed yet. (One that I can see at least).
So, with my Neutral view;
I would go long if the triangle resistance is broken, and short if the triangle support is broken.
It is unwise to buy and sell within the triangle at this point, as I have learned with CADJPY last week.
- Price has reached the apex, or tip of the triangle, and it will likely break out very clearly, sometimes soon after Tokyo open on Sunday.
USDCHF 1h Possible Long off Support TrendlineI bought this pair last week in the green circle and closed in profit in the blue one even when most people thought the USDollar Index, DXY, was going to fall even more. I even had doubts when the pair retraced back to the trendline, but I held. It just goes to show to trust you analysis and not let your emotions influence you.
At the moment I am looking at another trendline bounce as price roughly follows the arrows, and i buy once more in the green circle. Target is blue circle.
USDJPY - Possible breakoutLong at breakout. Bullish div on RSI,
trade at your own risk (i am not liable for your losses)
Happy trading!
EURJPY Long off Broken Resistance TrendlnieYen has been really weak, and xxxJPY pairs have been rising after bottoming out this past week.
This is a buy market order.
GBPCAD Zoomed in ShortOn the 1h chart, we can see the main resistance trendline, and the 1h support trendline.
Price has been rejected off the area below and around the black resistance TL several times, soon it will be going down.
USDCHF LongForgot to post this when I took the trade lol, you can still take it and adjust your risk to reward.
