Astrofx
USDCADWeekly/ Daily 38.20% fib is holding, MAS crossed over, closing in but aren't touching.
Daily/4hr SL a little above at 61.80% which is also weekly resistance 1.2500.
4hr 38.20% fib strong resistance based upon multiple closures below it.
TP -27.00% if not monthly support 1.1838.
USDCADWeekly/ Daily 38.20% fib is holding, MAS crossed over, closing in but aren't touching.
Daily/4hr SL a little above at 61.80% which is also weekly resistance 1.2500.
4hr 38.20% fib strong resistance based upon multiple closures below it.
TP -27.00% if not monthly support 1.1838.
GBPJPYAscending triangle on weekly, triangle broke the flat area of resistance (monthly resistance 147.47) Weekly projected target is 170.00.
4h- fib ret to 38.20%? / MAS are open, secondary target weekly resistance 158.419.
USDJPYMAS crossed on daily/4hr. TL resistance broken, new potential support, 110.950- 110.650 barrier broken! Current target weekly resistance 112.000
AUDUSDDaily Renko - Hammer followed by Marubozu, MA's are open. TL/ weekly resistance re-tested. Target 1 is Monthly resistance 0.8100 and, second target is weekly resistance 0.8210!
USDCAD short Price action could just be possibly retracing and we could potentially see a further move to the downside.
USDCADUSDCAD has been falling from the moon. The pair found slight support but the bears totally smashed through it. USDCAD is currently trapped in consolidation zone. Once it breaks below it we could be expecting 1.9500 zone.
GBPUSDGBPUSD could slightly retrace and continue the bullish trend. MAS are open, constant HHs, HLs, monthly support 1.3199 is hods strong.
USD/JPY JUICY LONG SETUP (MANY CONFLUENCES)We have seen this pair stalling around the MIDRANGE and now it has just broke out of a major trend line and rejected a key level in the market
USDJPY Bearish structure is holding, had the pullback and now its time for UJ to continue its down trend.
AUDUSDAUDUSD bullish structure holding, Monthly support retest is done, Auzzie should follow the trend now!
USDCADUSDCAD heading for weekly support 1.2500 zone. MAS are open, bearish over all. Hang man structure holding :)
American Dreamers or the Intelligent Japanese? USDJPY has been an interesting pair to watch this year and here is another opportunity to take advantage of the volatility of this pair.
I will just be going into the technicals for this trade. If you want fundamental information visit www.investing.com they have great fundamentals with great breakdowns.
TECHNICALS
- The Market on Friday's close was on the level i identified as weekly support (109.300) looking at chart patterns from two months ago, we noticed that this level is extremely difficult to break and close below thus making it a level prone to reversals, and so far this has occurred.
-Daily Resistance (111.011) is our first target as this is the first level the market will face which could prove to be a little bit of a challenge as the market proceeds with its bull movement, so i would suggest profits are secured here.
-Resistance Region (111.774) is labelled this as the market can find itself caught in a brief consolidation between Daily Resistance and this level, we may encounter a retrace here as history has proven, although this shouldn't cause a big scare, keep your positions open but make sure profits have been locked before the market enters here.
-And our last target is Secondary Resistance (112.391) it should take near 2 weeks to play out so, patience will be key and your mental stability will be tested, in the past again the market does enjoy stalling here, once where are this high up we want to secured our profits and run.
Greed, Overconfidence and lack of patience will be tested in this trade, you will need to overcome greed when you notice that you are in a large profit, do not add more positions that you can not afford to lose, Overconfidence with this trade will make you want to enter positions with other currency pairs without doing the correct analysis, thus will cause you to make silly errors. And finally this trade will take time to play out properly, you will feel as if the market is going no where, that happens, the market is not always going to move, they may be long periods on consolidation but once it is broken strong movements will occur and you will wish you had stayed in the trade.
AUDUSD Daily 38.20% fib level triggered, MAs have touched, HH's and HL's, uptrend continues. Targeting -27%.
USDJPY Could possibly retest monthly resistance, LHs, LLs, MAs crossed and open! Monthly TL broken(strong!!!), Plus the tl retest! Target one is 108.00, this zone could possibly have some support, next target would be weekly support 106.90.
USDJPYUJ has been bearish, constant LHs, LLs, and MAs have touched. NFP brought in buyers to continue the downtrend. 110.00 is quit strong, and UJ will break through this time. 38.20% fib level has also shown its strength.
USDJPYUJ has been bearish, constant LHs, LLs, and MAs have touched. NFP brought in buyers to continue the downtrend. 110.00 is quit strong, and UJ will break through this time. 38.20% fib level has also shown its strength.
GBPAUDThanks to BOE Rate decision, GBPAUD is back at monthly support, we will target our previous tp 1.6750 zone. Even though it seems bearish but the supports are strong and holding GBPAUD from falling.
