Dollar Bearish
Monthly chart shows the completion of a right shoulder. Bearish momentum starting now.
Cleanchart
WTI CRUDE OIL setting up for shorts?Crude has had a massive move to the downside ending 2018. Price has been correcting ever since, and we might be ready to see another melt! Be cautious of spikes to the upside right to 61.8% lining up with the 63.00-64.00 key level. First target at 50.00 round psychological number
USDCAD Trade Idea (DAILY)This pair has been following a beautiful trend channel and looks to continue a nice bullish leg. We had a clean break and retest of the Accumulation Zone/Inverted H&S. I have my sights on 1.36000.
Daily key level shortWe have seen price rally very impulsively to daily resistance zone, which could be very good zone to go short with small risk.
Overbought rsi indicates reversal.
There will be Aud news in 2 hours, so keeping stops just above recent high is recommended.
CADSGD wait for the structure break.I think the CADSGD correction is over and it's ready to go up. The buy is a good idea but only after if it breaks the structure. Me, personally don't think this is going to be more complex...
USDJPY Long testing psychological zone Good Monday Trader,
after testing the psychological zone at 107.670
we got a good momentum to reach the next high at 111.390
before continue the trend to the weekly resistance zone at 114.0
Short on this pairPrice has choppily made its way back into a supply zone, which is in line with the current downtrend.
Risk-averse traders should look on the lower TF for more precise entries.
NZD/CHF Small Correction before moving higher
NZD/USD To make a small 20 pips Correction before moving Higher
TA Based on Candle Stick Patterns, Support & Resistance, Moving Avarage and Trend Lines.
Simple Clean Charting.
NZDCHF /H1 /TECHNICAL CHARTPATTERN IDENTIFICATION: TRIANGLE
*Wait for break and close of the triangle*
AUDUSD /H1 /WEDGE + DAILY SUPPORT ZONEWait for break and close of resistance line before entering the market. We are targeting the 4H Resistance Zone up ahead.
Trendline Bullish Gold AnalysisLet's see how gold plays out here' I have my support on gold and resistance on the 15 min chart, from my perspective gold seems to respect the trendline towards a bullish run, next zone target is around the 1208-09
Only risking 7-8 pips..
I've got a nice risk and reward ratio
AUDUSD 1H Short AnalysisAUDUSD 1h Analysis - If price breaks 0.75425 then I expect it to fall towards the target of 0.74496.
Currently working on keeping my charts as clean as possible, focusing on structure, trend and being aware of support and resistance levels.
NZD/CAD BUY!!We have created a decent morning star formation on the monthly tf. If we zoom down to the weekly tf we can see that last weeks candle close was a spinning top showing indecision. Stepping down lower to the daily we see a change in trend where a HH was created. A simple entry would be to wait for a h4 counter trend line break.
EVERY TIME-FRAME IS SCREAMING BUY! ...LET ME EXPLAIN...Last months close was a faultless pin-bar candle close which shows a lot of significance. A neat formation of higher highs and higher lows on the weekly. Zooming into the daily we see a nice rejection off of the 61.8 fib. The H4 time-frame presents us a break of a ctl which has actually created a HH if you look carefully. As of now on the H4 we are in a descending triangle formation. A simple entry would be to wait for a break of this chart pattern and enter a long position. + 1M, 1W, 1D ...Moving averages are all bullish.
AUD/USD - Incoming Bears I've given out some analysis on the AUD before, explaining how the AUD is really strong and the banks are very happy at where it's currently stationed with supply & demand zones all across the price levels 0.70-0.80 within AUD/USD - Right now AUD/USD is at a significant event area, it seems to be following the drop and reverse ratio perfectly.
The price is currently at a significant event area which is also located within the willis zone, that's two confluences, we've also got a price action on the 4-hourly, a huge pin bar rejection.
3 Confluences - Following The Trend - Erase the emotions and take it short with risk managed.
CADJPY 1M OutlookKeep Your charts clean and simple, breakout of descending trendline, price came back to retest and formed an indecision candle at 32% retracement
DXY APPROACHING SUPPORTSIGNS ARE THERE THAT DXY WILL BREAK THIS SUPPORT ESPECIALLY WITH THE GAP OF 14 NOV 2016 THAT HAS TO BE FILLED
GBPNZD - Looking for a quick play during London openLooking for a quick play during London open and a re-test of the lows in this corrective structure. Not shooting for any extended targets though since we are at a solid support level and have not had a healthy retracement on the 4 hour chart yet. Once we have that I think we will break through 1,7050 and see lower prices, down towards 1,6950 initially.
Closed under weekly support - Further downside to be expectedThe GBP/AUD has been in a bear trend since the end of August last year. Just recently the bears were able to pull price underneath the even handle 1.90000 and keeping in there for 2 weeks now. The next weekly support came in at around 1.87000 and for now it has absorbed the selling and rejected lower prices. But as long as we do not get a close above 1.91000 I will be looking to short this pair. Right now I see two good levels to sell from. The first comes in at 1.8880 and the second one at 1.9050.
EURCAD Looking very bullishMy thoughts for this trade
This Pair is looking very bullish at the moment.
-A couple of Long term (Weekly) Fibonacci
-Monthly, Weekly and Daily MA's bullish (My MA's of course)
-Daily Break retest and continuation of 1.5000 Monthly Res level.
Price ready for entry with liberal stop. I Will see how market opens and potentially
wait for price to enter a better buy zone.
GBPCAD LongPrice broke the desc. TL
Made a 3rd bounce from the asc. TL
Bounced off of Major resistance
(Which is also the bottom of the weekly consolidation range price is now in)
2 Targets. 1 at top of range and one at next key res.
Potential GBPJPY LONG approachingThis pair has been in a strong bullish uptrend since mid- April, which incidentally is the first point of the bullish trendline.
Since breaking the triangle formation in may, price has shot up, breaking the previous highs of ~189.654.
This pair is all bullish and expected to rise further, however currently I am waiting for price to retest the previous highs of 189.654 as support. This zone is also confluent with a third touch of the bullish trendline,
IF price does move down into the area within the ellipse, it will provide a good opportunity to enter LONG, given that the trendline holds and there is appropriate price action.
If price does not retrace all the way to retest 189.654, and instead does rise, then it may be ideal to wait for a deeper retracement before entry, in order to maximise the risk reward. However, this decision depends on the trading style of an individual.
Another scenario can be a SHORT move if price does break the trendline and retest the previous high as resistance. Targetting the 23.6% fib, also confluent with previous support and resistance.
