Break
AUDJPY another breakoutI am waiting for some sort of retest to take AJ short on another simple TL break. Intraday profits would be at 86.4
Pullback confirm bearish movement?-USDCHFPrice broke bullish trend. Now is doing a pullback till that trend. We can expect to bearish to the next supports. In addition, MA50 has broken MA200, wich alerts for a probably falling.
EURUSD short ideaprice has just broke monthly level
im waiting for a retest back to the lever or candles at 78.6% to enter short
TP1 above 127.2%
TP2 above 161.8%
Intraday falling- NZDJPYBreak of hourly bullish trend. Price is doing a pullback till that trend, and then, we can expect a bearish movement till first support level.
USDJPY Interesting Setup With Bullish PotentialI am still biased long on UJ, so to buy I will be looking for a break of the triangle resistance, and will be watching the 113.93 area of previous resistance to either close my long position or add more long positions if price breaks upwards of 114.00
GBPUSD long ideaprice is currently bouncing off trendlines with previous rejections
i'm expecting price to go up to the upper trendline once more to the weekly resistance
price may then bounce or break
GBPNZD ideaprice may break the trend line(1.70700), retrace and continue up
or
it may break key level, retrace and fall to monthly support (1.67600)
EURCAD Two Possibilities EURCAD has two possible ways price can go. It can form a flat channel (left side) or continue down to the 1.38900 level (right side). My bias is that price will follow the left chart but the right chart is a possibility. Keep your eyes on this pair. Good luck and safe trading
EURUSD: Rising WedgeAfter EURUSD broke out off a triangle it's forming a rising wedge. Expecting a pullback
GBPUSD - Shortlook closely and see that these candles where the red box is has just trapped all short sellers in the market. Have to remember all this is speculation and this is a clear money grab.
price has just tested this area to make people think price is going long again, but i believe in the next 4-8 hours it'll drop short.
price to test the 200MA and area of previous resistance from yesterdays clutter
NZDJPY Bullish PennantAs you can see in the chart there's a bullish pennant that formed outside of the downward channel on the bigger timeframe. I have entered long with these parameters:
SL: 80.2
TP: 89.5
AUDCHFWaiting for the blue line to be breaked and then re-tested, I'll enter when it re-tests for a potential target of 70pips.
AUDNZD - PUT THIS ON YOUR WATCHLIST RIGHT NOWThis trade may be turning up faster than anticipated. My original prediction stated that it would probably fall and retest its trend line break, but it seems that this pair may just be headed upward without it. Watch this one! If I see a candle pattern I like I will go long and update this post.
EURJPY Rising Wedge Break-out Performance I have been monitoring the formation of a rising wedge on the EURJPY pair. Formation performance has been estimated at around 260pips and I will be entering a short pending order as soon as I receive confirmation for the break-out.
I can also see the confirmation of a double top formation (or a 2618 play) in the making should the price move further South which strengthen our confidence on the idea.
It is a long move so I am not expecting to get there at one go. A retrace is also expected to test the broken support, so place your order according to your trading style since scalping opportunities may occur.
let's wait it out.
All feedback and comments are highly appreciated.
USDCAD: bounce or break?USDCAD has a very peculiar configuration this week.
The support at 1.31220 was violated on Thursday, but the Bulls came into the game to bring it up above it again.
Nevertheless, another bearish bar closed just below it on Friday.
Macro and Cyclicity are expecting a signal to go LONG.
Interesting to watch and see whether this takes a clear position either LONG or SHORT.
In both cases we should have margin for a TP1 of about 100 PIPs and a TP2 of about 200 PIPs with even more possibility if the starting trend is strong, as you can see in the #support #resistance levels highlighted in the chart.
Prices refer to this chart and may vary with other platform/brokers.
I always discuss and follow up these ideas on my blog.
