Short term GU is fulfilling a bullish move but in the grand scheme of things there is a liquidity gap to fill and so I expect a turn around when price completes it's retracement to the daily zone.
NZDJPY still trading in a box though has broken some support zones but not totally out of the box. We keep our eyes on this pair. A sell stop can be placed once confirmation occur. Keep your eyes for update
AUDUSD - Price is currently in Bigger picture Supply zone. - Only look to selling opportunity - Decent way to sell this market is selling at nearest 4Hr Supply Zone.
FX:AUDCAD - Price is in Daily Supply Area. - Sellers are coming in and removed recent demands. - Decent way to join this market is selling at newly formed 4Hr Supply Area.
According to day chart analysis, NZDJPY is currently trading in a box as shown in chart for 9 days now, it is finding a way for breakout at 80.165. If there will be a breakout and a retest then the trend will pass through different points as shown. Typically will be a long Bearish move. Keep your eyes on this pair. This analysis is based on naked trading.
Hi guys, Here some price analysis: -Price on the upward trend of channel -A nice consolidation has been formed followed by a 2bottom -Just wait the the breakout of the consolidation -As usual, a good 2:1 risk-reward. Hope you liked my short but simple and effective analysis. Feel free to leave a comment or a like :) Cheers, Sebastiano
A big shadow formed just above a support, this provides another buy opportunity, with just high possibility of short. Short because the wick of the previous candle is not completely engulfed, only a body is completely engulfed. Also presence of room to the left still can support this move.
A big shadow has been produced providing criteria for bearish move. A formed candlestick is at the the resistance and engulfed both wick and body of the previous candlestick. Also presence of of enough room to the left support this idea that the chart never turn at that point for approximately 3 months.
According to big shadow formed qualify for about 85% on bearish move for NZDCHF on daily basis. Both body and wick of the previous candlestick are engulfed by the next candlestick. Also enough room has been formed to the left, this provides high percent for bearish move.
GJ has broken out of its channel and could very possibly drop back down and touch the channel one last time for a huge breakout. The top of the channel also correlates with a 38.2 fib level or 50 depending how you draw it.
Bearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
Weekly candlestick closed outside trend line showing bearish outlook. Large pin bar formed on daily chart.
Previous weekly candlestick pierced through BB, showing a reversal sell signal. Daily bearish pin bar formed.
We've rejected a resistance and continued down. I will be waiting for a pull to the upside and then plan my short trade accordingly.
GBPNZD is trading in a range now. Chart spiked up for the last hours. If this little move up continues and comes near the 1.8300 level, we want to see a nice healthy rejection and a possible trendline created so we can short it through the lows or through the trendline break I will keep this chart updated.
When it rejects the line, completes the double top and breaks the lows of the retracement, you want to take it short to the 0.9174 level as projected on the chart. Will keep this idea updated
Price broke significantly through the lows of this move up. We want to see a healthy level rejection and a bearish break towards the 1.3393 level I'll keep this chart updated