GBPUSD SHORTRejection of trendline and 0.71 and 0.618 FIB as well as 200 and 50MA, failed to close above the descending trendline, if current candle closes below 0.5 FIB, will be looking to go short.
Gemtradesfx
GBPCHF SELLLovely long wick rejection from the 0.786 FIB and descending trendline.
Would like to see break of the EMAs to confirm a short position on this
AUDJPY SHORTLarge wick rejection of f 0.786 FIB, currently rejecting the 0.71 FIB.
Failed to close above the descending trendline and resistance zone
GBPCAD SHORTBreak and retest of ascending trendline, rejection of 50MA, 0.618 FIB and the previous support, now turned into resistance zone.
Looking for a sell down to the 200MA which lines up with previous descending trendline
USDJPY SHORTNice wick rejection off descending trendline and 50ma. Lines up with the golden pocket area of the Fibonacci
AUDUSD SHORTBreak of the ascending trendline, as well as the 50 and 200MA's.
Previous 4hr candle failed to close above the resistance zone.
Newly formed downtrend on the daily.
GBPCHF SHORTOn the daily we have seen price exhaust and the trend is short.
4HR - several rejections of the descending trendline, as well as both 200 and 50EMAs.
AUDJPY ShortRejection of both 200 and 50EMA on the 4hour, as well as break of the ascending trendline.
On the 1hour we have had several rejections of the descending trendline
NZDUSD shortFailed to break the resistance zone and the descending trendline.
Rejected the 0.786 fibonacci. Forming new lower high. Expecting to drop to form a new lower low.
USDCHF shortPrice broke but failed to close above the descending trendline.
If we get a clear rejection of 50MA and trendline, will be looking to go short.
USDCAD ShortI missed the original entry on this one, however if we get a pullback, I will be looking for another short trade on this pair.
Weve had a nice clean break of the 50MA and several rejections of the descending trendline and the resistance zone.
Daily is showing a clear downtrend with new lower highs forming.
GBPJPY potential shortAt the 134.500 area, this dotted line started last week as support, gradually turning into resistance, with the price remaining undecided and moving up and down and not respecting it as neither support or resistance.
We have however, had several rejections and failure to break the descending trendline . Price dropped below the 50EMA but closed above it.
I am going to be monitoring this pair, if we see a clean break of the 50MA and see that it respects the newly formed resistance area , I will be looking to go short.
GBPCAD LongOn Friday I had this analysis plotted out, however I missed the entry. We have now had pullback to my original area of interest so will be looking to enter this if the markets respect.
Analysis:
- We saw a break of the descending trendline, with price creating new lower highs.
- Several rejections of the ascending trendline
- My entry area of interest lines up with the rejection of the TL, 50MA and the most recent support zone.
If price fails to break the trendline and support area, I will be entering a long trade for this pair.
GBPAUD SHORTMy previous analysis on this pair was for a short trade. Unfortunately I missed the trade, however was pleased to see my analysis was correct.
I still see further downside potential on GA. I am now hoping for a pullback to the trendline which lines up with the resistance area and in the 50MA region.
If we get this, I am looking for a longer term trade.
EURUSD SHORTLooking at my previous EU sell which went as expected and fell past the target 2, having seen that the price has several times retested and failed to break the ascending trendline.
I would be looking at some further downside potential on this pair, hopefully down to my original target 3 area.
EURCAD potential BUYDaily - Expecting a pullback to the most recent area of support, which also lines up with the 50ema. We have seen several rejections of the descending trendline and the most recent resistance area.
4HR - If we drop down to the 4hr we can see that price broke the ascending trendline, if we get the pull back expected, and a retest of the descending trendline, I would be looking to go long on this.
CHFJPY potential SHORTWe have seen a break of the ascending trendline, would be looking for a pullback and retest of this before further downside movement.
CADCHF short term BUYClosed above the most recent support area and 50EMA.
If next candle opens above the support, will be looking for a short term buy up to the next resistance, with a nice small stop below the most recent low.
AUDCAD SellDaily - Nice long wick rejection from the descending trendline and lines up with the 'golden pocket' area of the fibonacci.
4HR - Most recent candle failed to close above the dynamic resistance area
Will be looking for a close below the 50MA on the 1hr before considering entering this short.
USDJPY ShortNice wick rejection on the 4hr of the 50ma and descending trendline.
If we break the support area (target 1), would be looking for a longer term hold.
