AUDJPY LONG - Overall uptrend on higher timeframes
- Potential cross of 200/50MA?
- Small drop to reject 200MA and 0.786 FIB for an entry
- Higher highs/lows forming
Gemtrades
AUDCAD LONG- Creating new higher highs and higher lows
- Weak CAD
- Cross of 50/200MA
- Pullback to 0.786 FIB and 50MA for entry
EURUSD SHORT- Lower lows, lower highs
- Break and rejection of 50MA
- Rejection of 0.71 FIB
- Want slight pullback to touch 0.71 FIB again for an entry
USDCAD LONG- New higher high formed, along with higher lows
- Break of descending trendline
- We've had a rejection of the 0.71 FIB and 50MA
- Oil has dropped which affects the CAD negatively
- Could enter around now, however, I expect a slight pullback to the 0.786 for a better entry
CADJPY SHORT- Break of ascending trendline
- Lower highs, lower lows
- Double top
- Rejection of 0.618 FIB
- Rejecting 50MA on the daily
CADCHF SHORT- Break of ascending trendline, forming lower highs and lower lows
- Rejection of 50MA and 0.786 FIB
AUDCHF SHORT- Lower highs
- Rejection of trendline, 200MA and 0.382 FIB
- Failed to close above 50MA on the daily
NZCAD SHORT- H&S formed, and price broke through it
- Want a pullback to the 0.382 FIB which is
around the neckline area
- That would line up with the 50 and 200MA on
the 1HR
- Rejections of those would be a good indication
to go short
AUDUSD LONG- Higher high and higher lows
- Rejection of trendline, 0.618FIB and 50MA
- AUD strength and Dollar weakness
