UsdJpy should fall till 106-106.3 (~500 pips)
cadgbp is looking to be long due to price testing support zone and ascending trendline. Broken descending trendline also confirms the move up.
EUR/AUD is showing support with both a falling wedge and ascending trendline.
On the chf/eur daily, I see a LOT of bearish movement due to rising wedge occurring at resistance zone, strong resistance zone, descending trendline and broken ascending trendline and a triple top. These are indications that market will drop lower but major news is coming out in couple days so I will look thoroughly at this chart for when that occurs.
I use multi-frame technical analysis to support my set-ups as higher time-frames are always more reliable. Therefore, lets look at UC by starting on the monthly time frame. Monthly time-frame: The ascending trendline, indicates that the current trend is bullish, thus looking for longs will be better than shorts Weekly time-frame: When dropping down to...
Weekly Resistance Ascending Triangle Triple Top WAIT FOR..... Clear breakout of ascending triangle + Trendline + Clear PA confirmation! ....otherwise I wouldn't advice taking this trade! Adjust the SL and TP accordingly when you get a clear entry. All comments are welcome and appreciated Peace!
Another interesting trade setup for this week. We have a possible Head and Shoulders here, with price being at an important resistance zone on the higher time frame (not shown here). Also the massive bearish divergence on the RSI, it adds to my hypothesis that we might see a trend change here. A break of the ascending trend line will be the confirmation.
In this projection, we've got market on the ascending trend line. If GJ won't break it, then We're looking for move to the 150 price level. However if the market gonna break that trend line, then we should be looking for some bearish movement to the 144.
Interesting setup coming up here on this pair, 4 touches to the ascending trendline & price broke a weekly resistance level. Expecting a new high on this pair soon
Price back at its ascending trendline, where we could see a bounce back to the upside, or I will be watching for a clean break of support & the trendline for a potential reversal of trend..
Making its 3rd touch to the ascending trendline, rejecting off the 200 ema. A daily closure is preferred first before entering if price closes above the trendline or not. If the trendline breaks the next level of interest is around 6K
Slow Macd - 12.200.15 Slow Macd Blue line below 0 level = short bias Ascending Trendline breakout Entry 15m Break-Hook-Go 2nd Entry Short - Sell Stop @ 153.60 Exit @ 800 sma
Day chart has Bearish Candle Pattern - Pin Bar with Morning Star 4H Macd Shows still Bearish room Macd crossed below Red line Both lines falling Wide space between lines 0 level cross pending 30m ENTRY - Breakout below ascending trendline Wait for red open/closed candle then...