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Breakandretest

Possible Trend Reversal for GBPYJPYMoving onto GbpJpy, price has been creating bearish market structure ever since we've rejected away from the weekly resistance level. This leads me to believe that a trend reversal may be in the works, and we could have some more bearish momentum ahead. Taking this into consideration, I've identified an H4 significant level of interest that could accelerate price towards the downside. I would like to see a little more of a pullback to 151.400 before continuing it's bearish rally.
Short
by CapitalHillFX
Possible Trend Reversal on CADJPYLooking at CadJpy, we have some interesting bearish structure forming ever since we've rejected off of the weekly resistance level on the long-term charts. We have just recently broken some market structure by violating a daily significant support level with a bearish candle closure. Before the bearish continuation, I anticipate that price will retest this level and extend back to 88.000. This psychological value adds some more validity and the structure of the level seems clearly defined. Just waiting on a break and retest of this level. Simple stuff.
Short
by CapitalHillFX
Buy Opportunity on USDCHFLooking at UsdChf, we've seemed to sink below the significant H4 level for a brief consolidation period. Then price popped back above the level and tested it as support. Once we tested the level, bullish rejection was clearly apparent which caused a strong bullish rally past the significant H1 level. Now that we are sitting past this level, I'll be waiting for a retracement back for another test as support to see if we could get some bullish rejection. If bullish rejection is apparent from the level, I'll be ready to buy.
Long
by CapitalHillFX
Potential Trend Reversal on EURJPYMoving onto EurJpy, we could start analyzing this pair on the larger timeframes. On the monthly chart, we could notice that price is overextending into a non-horizontal resistance level. This leads me to believe the long-term bias is bearish for this pair. Scoping down to the daily timeframe, I've identified a daily support/resistance level of interest. If price could drop below this level, I'll be looking for more downtrend structure to be established before going short.
Short
by CapitalHillFX
Potential Sell Setup on AUDUSDSwitching to another AUD pair, AudUsd looks interesting for potential sell setups. We have price currently testing and rejecting away from a daily support/resistance level on the bigger timeframes. Scoping down to the 4H, I would want to see if price could manage to break an H1/H4 swing level to determine if proper rejection is present from the daily level. So for now, I'll be patiently waiting for price to crack the swing level identified. Otherwise, I'll just be sitting on the sidelines.
Short
by CapitalHillFX
1
Potential Trend Reversal on AUDCADWhen looking at AudCad on the daily chart, price has just recently left a strong bullish candle away from the weekly support level that has been formed. Considering we are showing a decisive push away from the level with a strong bullish candle, I'm waiting for more uptrend structure to form before diving into buys. If price manages to break the recent H4 significant resistance level, that'll be a big sign of strength for the pair. I'll be waiting for a bullish break of market structure to add validity to the buy bias. For now, just being patient to have the buyers prove that they are in control.
Long
by CapitalHillFX
Sell Opportunity on EURUSDLooking into EurUsd, we could see that price is beginning to have some intent in direction. Price cracked the recent H1/H4 significant level and retested with some bearish rejection. Although it seems like price has found some type of support around an H4 swing low level, we are currently retracing back to the significant level of interest. Because my bias is still bearish on this pair, I'll be waiting for price to retrace fully back to the H1/H4 significant level before identifying bearish rejection and executing any sells. Potential targets would be targeting the daily support level. Now just patience to see if she comes back to the level.
Short
by CapitalHillFX
Possible Buy Opportunity on USDCADUsdCad is an interesting pair to analyze. On the long-term, price has had a bullish push away from the monthly support level, while creating some bullish market structure on the short-term timeframes. Looking at the 4H, we could notice that price broke and retraced back to a daily support level. This level seems to be acting as support for the time being, as price is finding difficulty to drop below. Scoping into the hourly timeframe, it looks like we've created a 1H resistance level of interest. If we are able to break this level and retrace back with bullish rejection, I'll be looking for longs.
Long
by CapitalHillFX
Buy Setup on CHFJPYLooking at ChfJpy, price has been in a steady uptrend on the daily timeframe. This gives us a good idea of the overall bias associated with this pair. Now scoping into the 4H, we could notice that price had a steep correction movement towards the downside. It seems like price quickly established support and is beginning to gain buying momentum once again. If price manages to crack the current resistance level that it's at, that'll show a sign of strength. I'll wait for a break and retest of this level, per usual.
Long
by CapitalHillFX
$BTCDOM/USDT 30m (Binance Futures) Ascending channel breakdown#BitcoinDominance broke-down locally and is likely to retrace in the coming days. 50MA seems to be acting as resistance now, that would be a good thing for altcoins relief! Current Price= 1113.8 Sell Entry = 1116.2 - 1128.8 Take Profit= 1073.0 | 1025.2 | 992.5 Stop Loss= 1162.2 Risk/Reward= 1:1.25 | 1:2.45 | 1:3.27 Expected Profit= +17.64% | +34.68% | +46.32% Possible Loss= -14.16% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 4x Estimated Gain-time= 5 days
Short
by TradingOn
2