Sell Opportunity on NZDUSDStill waiting on some more of a bearish push past the recent lows from NzdUsd. If price manages to wipe out this daily support level, I'll wait for a retest with bearish rejection before looking for sell opportunities.
Breakandretest
Sell Opportunity on AUDJPYConsidering I provided full analysis on this pair yesterday, I won't go too in-depth with the specifics. I've readjusted the swing low level, and now I'm just waiting for enough bearish pressure to wipe out this level. I'll most likely wait for a M15 candle closure below the level before looking to execute anything. I have my alert set below the level, now just patience.
Possible Buy Setup for GBPNZDQuick analysis on GbpNzd, I would like to see price come back to the significant weekly support level before placing an entry. I do believe price will make an impulse movement towards the upside, I just don't think now is a good entry. Not only is price seeming to catch some resistance around 1.99100, I feel like price may need to drop before getting enough buying pressure to send price past the highs.
I'll be waiting for price to come back to the level, with bullish rejection for a better entry. If it doesn't happen, oh well. But for now, just patience.
Possible Buy Opportunity on EurNzdAnother Euro pair of interest seems to be EurNzd. To start off on the daily timeframe, price has recently rejected off of the long-term non-horizontal support level following with bullish market structure. This could be identifying some type of trend reversal towards the upside.
Looking at the 4H timeframe, we could notice that price has just recently broken a significant level, while coming back to retest. Just waiting for some bullish rejection at this point.
That brings me to the last and smallest timeframe, which is the M15. This timeframe is a HUGE help with identifying if price is rejecting from the level or not. I'll be waiting for price to make a bullish push past the recent swing high, before executing a buy order. I have my alert set right at the swing level to prompt me.
Sell Opportunity on EURUSDLooking at EurUsd, we could be seeing a sell opportunity present itself. There seem to be two significant resistance levels that price could possibly retrace back to before continuing the impulse movement towards the downside. I'll be waiting to see how price reacts to each level before considering the validity of either.
Adding to the bearish bias, on the daily timeframe we could notice that price is rejecting away from the long-term non-horizontal resistance level. This could be identifying that a potential downside movement could be in play. For now I will be more sell heavy, than buy heavy on this pair until any structural changes of the market occur.
Sell Opportunties on AUDJPYI had posted this setup at the end of last week, but it seems like price is beginning to setup. If we could get a bearish rejection away from the recent significant level broken, I will be looking for shorts.
Looking at the M15 timeframe, we could identify a minute 15 swing low that would be a good trigger for possible entries if broken. So I set an alert below the swing level to notify when enough bearish pressure is present, to place my entry.
Sell Setup on AUDJPYSome of the Aussie pairs seem to have take a bearish plunge as well, so this will readjust our bias going into the next trading week.
Next week, I'll be looking for a break of the next significant level, before thinking of executing a sell order.
Sell Setup on NZDJPYSame sort of situation with NzdJpy. Price seems to be showing major bearish structure that exhibit more than a long term retracement. I'll be waiting for a retracement back to this significant support level before thinking of executing any sells.
Sell Setup on NZDUSDLooking at NzdUsd, the decisive bearish push that price has recently exhibited has led me to believe that this is more than a retracement to the long term bullish momentum. We could be seeing a bearish trend reversal. Something that would confirm this bias is a break of this significant daily support level. If price manages to break this level, and come back to retest as resistance, I'll be looking for sell opportunities. Most likely something to look out for next week!
Potential Trend Reversal on CADJPYOn CadJpy, we've seem to run out of the bullish steam that the pair has been exhibiting over the past year now. Price has bounced into an extreme resistance level and is beginning to create some bearish structure for the time being. Considering price just wiped out the recent significant support level, I'll be waiting for price to retrace back as resistance before looking for sells.
Possible Trend Reversal for NZDUSDLooking at NzdUsd, we could finally be seeing this pair break its range its been in for a while now. Looking on the daily timeframe, we could notice that the bullish momentum that this pair once had, has faded away. With this being said, we could start to predict that a trend reversal is in sight.
Focusing on the 4H, price is beginning to break market structure that signals bearish bias. I've outlined a level of significance that would trigger a bearish break of market structure. If price manages to break this level, it is showing the presence of sellers and I'll wait for a retest before executing sell orders. But for now, have my alert set under the level and just waiting.
Potential Buy Setup for GBPNZDLooking at GbpNzd, we could be seeing a potential buy setup form. Price has been creating bullish structure since the beginning of year now. If price manages to break the resistance level that it is currently sitting at, this will show a sign of strength for the pair and will confirm our bullish bias going forward. I've created a non-horizontal support level for context, but I would like to see a very decisive bullish candle closure on the 4H to identify that the buyers are still present. My alarm is set above the level, so just patience for now.
Potential Trend Reversal For UsdCad On UsdCad, we could potentially be seeing a trend reversal in the works. Price was ranging around the monthly support level and finally broke out of it's bearish channel consolidation with a strong bullish candle closure. We seem to be testing a significant support level at the moment. If price could gain some bullish movement from this level, a buy position would not be a bad idea. I have an alert set to notify if bullish movement proceeds after this retest. We shall wait and see.
Sell Opportunity for USDCHFLooking at UsdChf, price has been in a steady downtrend ever since it has rejected off of the monthly non-horizontal resistance level a couple of months ago. Considering the overall long-term bias for this pair is bearish, we will look to capture a short-term sell order when the opportunity presents itself.
That brings us to the 4H timeframe, where price has just recently broken market structure. A significant support level has been intentionally violated and this could show us some signs of weakness for the future. If price could retrace back to the significant support level and treat it as resistance by leaving a bearish reversal candlestick pattern, I'll look for sell opportunities at that moment. But until then, just patience.
Possible Reversal Setup on USDCAD
On UsdCad, we could be seeing a potential reversal forming. Price has been in a steady downtrend for quite some time now, but it may seem like we're losing some bearish steam. If we look on the monthly timeframe, we could identify a clear support level that price is sitting at right now. This is a major factor that identifies price may reverse at this point.
Looking at the 4H timeframe, we could see that price is having difficulty breaking the current support level to continue bearish structure. This could identify that sellers cannot take over and buyers could come into play soon. I've identified a significant resistance level that could be useful in the future. If price manages to break this resistance level, I'll be looking for more uptrend structure before trying to capitalize on the bullish reversal. For now, just patience.
Possible Reversal on EURJPYWe finally found some bearish movement on EurJpy. I've been avoiding bullish buys on this pair for a while now because in my subjective opinion, it looks overbought. When we analyze price on the daily timeframe, we are currently sitting at a daily non-horizontal resistance level that could warrant a bearish reversal.
When scoping down to the 4H timeframe, price is also sitting at a lower-timeframe resistance level. This overbought non-horizontal resistance level identifies a great opportunity fro sell setups. We've began to violate the recent significant support level, showing some bearish movement. If this pair develops more downtrend structure, I'll be looking for sell setups.
Possible Buy Opportunity on EurNzdLooking at EurNzd, this pair has been under my radar for a while now. Mostly because price has been ranging for quite some time now since it's reached the non-horizontal support level. It may seem like price is rallying to break some market structure. if we look on the daily timeframe, price is currently testing a daily resistance level that shows some strong significance. If price is able to definitively close past this level, a sign of strength could be identified.
Scoping down to the 4H timeframe, although I want to see price break the overall daily resistance level, there seems to be another level of interest on the lower timeframes. I've outlined another level that is a trigger for a potential buy execution. So bottom line, if price breaks and retests the daily resistance level = sign of strength (bullish bias). If price breaks and retests the 4H resistance level above = buy opportunity is valid. Let's wait and see how she plays out.
Reversal Setup On EURUSDLooking at EurUsd, it seems that the bearish reversal setup I called yesterday could be playing out! If we start on the daily timeframe, price is sitting at a non-horizontal resistance level (signaling sell opportunities).
Scoping into the H4 timeframe, price has begun to break market structure by violating a significant support level. Although price has travelled in this area not too long ago, it seems like that was a bearish fakeout. This means that price looked to have break market structure, only to quickly snap back into the range it once was in. If we begin to see more bearish market structure on this pair, I will be switching my bias to bearish.
Sell Opportunity on AUDNZDAnother Aussie pair that has some downside potential is AudNzd. Starting on the daily timeframe, price has had a bearish rejection off of the non-horizontal resistance level. Ever since the rejection, we've been relatively bearish since. Now, price has broken a significant support level and came back to retest it as possible resistance.
When scoping down to the H4 timeframe, price is seemingly having a hard time to get past this resistance level. Although this shows that the resistance is pretty significant, price is still not breaking the H4 support level that I've outlined. If we get a bearish candle closure past this H4 level, that will identify selling momentum that could shoot towards the downside. I have an alert set below the level so if/when price breaks this support, I'll most likely be in for sells.
Sell Opportunities on AUDCADIt looks like most of the Aussie pairs took a bearish dive last night. As for AudCad, this is good news considering this aids our overall bearish bias that I called in the beginning of the week. If we look on the daily timeframe, price is beginning to break the significant long-term support level. This could be identifying strong bearish movement for the future.
With this being said, I'll be awaiting price to make a strong decisive push towards the downside to prove that the bears are in control before looking for a retest and capitalizing on this bearish movement.
AUDNZD Trade IdeaAUDNZD may not be my fav pair to trade, but the break and retest setup it has formed is!
Check it out and give me a vote of yay or nay!
Share your analysis with me, as I would like to hear from you on this one!
Possible Reversal Setup for EURUSDLooking at EurUsd, we could be seeing a potential reversal setup. Looking at the larger timeframes, price is in a bearish downtrend channel. I've created a non-horizontal resistance/support levels to use for context. Price is currently sitting at the monthly non-horizontal resistance level, signaling long-term sell opportunities.
Scoping into the 4H, we could see that price is having difficulty to try and break the current resistance level. This cease of creating new higher highs could signal to us that our reversal could be coming soon. If price drops below the current support level and begins to create some downtrend structure, we could start changing our bias to bearish. But just patience to wait and see what she does for now.
Buy Setup on NZDJPYLooking at NzdJpy, I am anticipating some more bullish momentum on this pair. On the 4H timeframe, we could see that price broke a major resistance level, and had a bullish impulse on the retest. We then found some major resistance and retraced back to the current support level.
If we scope down to the hourly timeframe, we could identify a bullish rejection wick right at the level. If we could get a bullish candle closure following this rejection wick, it would signal that there is some bullish sensitivity around this area, and buy orders wouldn't be a bad idea. I'm going to keep an eye on what price does following this rejecting wick.
