FXSUSDT
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Fxshort
USDCAD - SHORT POSITION (DAILY)CONFLUENCES:
- Rejection of Weekly 51 EMA
- Rejection of fib level
- Rejection of previous support and uptrend
- Looking for LL leg to be formed
GBPJPY - Short Position (8hr)CONFLUENCES:
- Rejection from fib level
- Rejection from previous area of support
- Breakout retest pattern
- Rejection from daily EMA
NZDUSD - SHORT POSITION (Dail)CONFLUENCES:
- Downward trend
- rejection from fib level
- breakout from minor support
- currently running on Break Even
GBPJPY - Short Position (8hr)CONFLUENCES:
- Break out and retracement of previous structure
- Rejection of 8Hr EMA
- Rejection of 61.8% Fib Level
- Rejection candlestick closures in 4hr
EURGBP - SHORT POSITION (8HR)CONFLUENCES:
- Rejection of 50 EMA
- Rejection from 71%-78% Fib area
- Bearish trend confirmed by EMA crossover
NZDUSD - SHORT POSITION (4HR)CONFLUENCES:
- Rejection from 50 EMA
- Double top pattern in 4HR
- Bearish market trend confirmed by EMA crossover
- Spinning top and Doji reversal candles
EURGBP - SHORT POSITION (8HR)CONFLUENCES:
- Bearish downward trend
- Rejection of key fib level
- 1st TP in line with monthly support
- Rejection of 50 EMA
EURUSD - SHORT POSITION (4HR)FX:EURUSD
CONFLUENCES:
- Bearish market structure confirmed by MA crossover (Elliot Wave 5th leg)
- Head & shoulders pattern formation
- Break and retest of the larger uptrend
- Rejection of daily 51 EMA
- Rejection of 78% Fib level
- DXY has reached significant support so hope to see DXY strength in coming days
EURUSD - SHORT POSITION (4HR)FX:EURUSD
CONFLUENCES:
- Bearish market structure confirmed by EMA crossover
- 71% Fib rejection
- Breakout from longer-term uptrend
- 4hr spinning top close
- Bearish daily candle close
