CADCHF LONG- Strong bullish candle on the daily, with a break
of the 50MA
- Break of descending trendline on the 4HR
- Looking for pullback to 0.382, ideally further down to the 0.618, lines up nicely with the MAs on the 1HR and 4HR
Gemtradesfx
AUDJPY LONG- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB and 50MA
- Rejection of this would also line up with 1HR 200MA
USDJPY SHORT- Break of ascending trendline
- Weak dollar
- Rejection of 0.786 FIB, trendline and 50MA
NZDCAD SHORT - Potential H&S?- Potential H&S forming
- A push up to form the right shoulder, lines up
with the 0.786 FIB
- If we get a clear rejection, could be looking for
shorts
CADCHF SHORT- Lower lows and lower highs
- Below MA's on all timeframes
- Rejection of 0.382 FIB
- Failure to close below 50MA on the 1hour
EURJPY LONGNice uptrend on the 4HR
Higher highs and higher lows
A retrace to the 0.618, rejection of TL and 50MA (with a new higher low)
would be ideal entry for a long
EURGBP SHORTStill looking like an uptrend on the daily.
However the lower time frames are looking bearish.
Do we have a possible H&S forming?
The top of the potential right shoulder lines up with the 0.382 FIB indicating further bearish movement
If we get a break and retest of the right shoulder (also the 0 FIB) we could see a new downtrend and opportunities for shorts
EURAUD SHORTSeeing a lot of Aussie dollar strength recently, EURAUD in overall downtrend.
Still seeing lower highs and lower lows
Rejection off 0.382 FIB
CHFJPY LONGFollowing the break of the previous ascending TL, we saw some short term bearish moves,
but failure to close below the 200MA
We have since had higher highs and lows created, forming a new uptrend.
Looking for a pullback and retest of trendline, 0.618 FIB and 50MA before going long
AUDUSD LONGBreak of descending TL
Wanting a new higher high and pullback and retest of the TL, 50MA and 0.382
AUDJPY LONG- Higher lows
- Break and retest of descending trendline, forming a new uptrend
- Rejection of TL, 0.382 and 50MA on 4hr and 200MA on 1hr would be ideal entry for a buy.
AUDCAD BUYPullback to TL and a nice candle rejection of the 0.618 FIB I'll be looking to go long.
If we get break of 0 FIB and restest may be looking for further scale ins.
CADJPY LONG- Higher high and higher lows
- Rejection of TL, 50MA and 0.50 FIB
- Broken 50MA on 1hour
AUDJPY LONG- Higher high and higher lows
- Break and retest of descending trendline, forming a new uptrend
- Rejection of TL, 0.618 and 50MA on 4hr and 200MA on 1hr would be ideal entry for a buy.
CADJPY SHORTNice bearish wick rejection on the daily.
Dropping down to the 4 hour we have several wick rejections of the descending trendline which lines up with the 0.618 FIB. Seeing lower highs and lower lows
