EURJPYHere on the 15m TimeFrame of the EURJPY, market is quite bearish. If price manages to break the trendline with a good confirmation to sell, we'll be capitalizing reactively on this move to the downside: at least to 60% of the correction, or beyond. Apply proper risk and trade management.
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DXY BearishHere on the Dollar index, we can a clear break of Trendline, afterwhich price created another correction (which is a continuation pattern). Therefore, we expect to see some bearishness on the DXY.
However, this may be for a short, as the USD still possess strong longing sentiment. Trade with proper risk and trade management.
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GBPNZDHere on the GBPNZD, we can see a clear breakout from a little price correction at the top of the Trendline. Therefore, we expect a bearish move to the downside. I'd wait to see a smaller correction get broken before entry.
Apply proper risk and trade management as we trade reactively to to price behaviour at this level.
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GBPJPYThis is my outlook on the GBPJPY. Price is currently approaching a resistance zone which has been a strong reversal zone in the past. Probably, price may reverse at this zone depening on how it approaches and reacts from it. Therefore, we await a bearish reversal confirmation.
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EURAUDHere on the EURAUD, price has approached a strong support zone and is currently reacting to this zone. This may be an opportunity to Long the market as it forms a double bottom.
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AUDNZD Reversal!!Here on the 4H Timeframe, we can see a very clear breakout from the long term correction on the AUDNZD which has been trapped in a falling channel . This is a clear indication to long the market from here with prosper risk
and trade management.
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GBPCHF Looking BearishHi traders, sorry I didn't share this in time, but here, we are expecting another correction to the upside before a break to the downside. However, this is not predictive. We'd be ready to move if the market provides another bearish condition/entry, afterwhich you are free to hold till about 90% of the correction is achieved.
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EURJPY. Getting Ready To SellThese are two reversal points for the EURJPY, likely to reverse at the first zone which stands to be a fairly strong resistance. Wait for bearish reversal confirmation.
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