USDJPY 4HPrice broke resistance, now turning to support. Lets see how the 4 hour candle closes & another push about 50 pips higher to next area of resistance is likely
Break
Break OR bounce?!After price rejected its daily uptrend line & 50 fibonacci level, my projection is a rebound back to the upside. But a break & retest of that trend line could give us a break to the downside. Lets see
EURJPY 4HBeen patient with this pair now I feel like it would be the safest time to sell, price came back to retest broken trend line making a lower high. Tight stop loss due to yen being weak at the moment a break & retest is not a lot of confirmation to me..
Trade with care!
NZDUSD WEEKLYMassive move possibility overtime, as you can see in the weekly trend price is making lower lows & lower highs. Price finished making its lower high now breaking its weekly trend line I'm expecting a retest to go short for a possibility of 1000+ pips in the next 3-6 months potentially. :)
USDCHF 4HPrice broke out of triangle, now waiting for a retest to demand zone to go buy. Been waiting on this setup for a couple weeks now & is finally playing out. Will enter at the retest
USDCAD DAILYDaily trend line broke out with strong bullish move after weak CAD news on Friday. Looking for a potential retest at broken trend line as price is approaching a strong level of resistance & fib level. I expect more USD strength continuing this week ...
USDCHF DAILYWatch for a break above medium resistance level & break + Retest of daily downtrend line. This pair is still very bullish in my opinion but will require some patience...
AUDCADWatching this pair for AUD news in about a hour if we get week unemployment numbers I will look to take this setup as price is sitting above support waiting for a breakout. I will take Audusd long if good news out of the Aussie. This news event could bring a strong move to this pair
GBPCHF 60Price may have potentially broke out of its counter down trend line, waiting for a close above 61.8 fib & retest for price to potentially go back to daily resistance. Waiting for more confirmation :)
CADCHF 4HPrice has been moving sideways for some time now, & just recently we got a break to the upside & close above resistance. I have been waiting on this pair for some time now. A slight retest at the 50 fib level/trendline is likely I believe we are headed up now..
NZDUSD 4HLooks like price retraced back to strong resistance, 200 EMA playing on that as well. Price seems to be trapped so I am waiting on a close below the red rectangle & possible retest to visit its recent low. Potentially break that level & touch its daily uptrend line. Price is making lower highs & lower lows at this time..
Trade with care!
GBPJPY 4HDescending triangle wedge, waiting for a breakout to continue bearish momentum. Price has been consolidating after its last push to the downside, a strong move is to come! GBP news data again in 3 hours I will look to enter after break of support & wedge pattern..
Trade with care!
GBPCAD 4H`Will be looking to take this pair long during GBP news in 3 hours if good data, If weak data ill be watching GBPAUD. Price now above daily support & right below the 61.8 fib. News will break this fib & continue to the upside depending on the data. Watch for break of Weekly downtrend line & retest for a long term long making potential higher highs & lows.
GBPAUD DAILYWatch for breakout & close below 1.6800 zone (H&S neckline). This pair rejected its weekly downtrend line that has held since 2015, I believe this pair has a lot of room to the downside. GBP news this week, I will look to go short during that time. Nice opportunity here for a long term short potential will be watching closely!
EURGBP DAILYPrice broke its daily uptrend line, came back to retest & rejected the 50 MA pushing price back to the downside. Will go to the 4 hour or 1 hour chart to look for potential entries.. Target will be near the weekly trend line, and I will watch price from there..
USDCAD DAILY Price still respecting its downtrend. Price came & rejected at the 61.8 fib level, then head back to the downside. On the 4 hour we see a break & retest of broken trend line taking place. Tomorrow there is big US dollar news that will determine if we will regain some strength or continue bearish through next week. Something to be mindful of for sure.. We may be getting a lower low sometime soon potentially!
AUDUSD 4HOverall, we are still in a downtrend, making lower lows & lower highs.. It look as if price broke support & came back up to retest broken support making it now resistance, I am waiting on news tomorrow for US dollar for a reversal keeping the dollar bearish or giving it some strength. We are at key levels & will have to be patient until then..
