EURUSD SellPrice facing resistance level and we look for another sell setup.
Sell on break flag.
RR on chart
Necklinetrader
CADJPY AnalysisCADJPY is try to keep going upside and will face nearest resistance.
this nearest resistance will give some rejection and potentially to create ascending triangle pattern.
But if this resistance broken, price will have bigger opportunity to reach the next resistance
USDJPY Trading IdeaIn the previous idea, we're succed to catch upside movement.
Now price retesting previous high and we can try to catch another movement.
wait until price break trendline and S/R level, make sure price make some consolidation before take any sell entry.
NZDUSD Sell SetupPrice still moving inside the channel.
price has tested the upper channel and rejected.
it may going down once again.
to get into sell, make sure price make some correction and watch for breakout.
EURCAD Buy SetupPrice try to retest support level once again after some upside movement.
we can buy when price retesting support level and complete bat pattern.
CHFJPY False BreakIn the previous week price tried to break resistance, however price failed to close above the resistance level and make a false break.
Based on this reason we can try to take a sell position after price break minor correction.
But we need to beware on opening market this monday. If price make a gap up. we can wait until price show some bearish pressure.
EURUSD AnalysisIn the previous idea, we predict that price would breakout the channel.
and currently price still under correction.
we can wait another downside. but we need price to complete the correction before another sell.
watch for to retest grey area and break the previous top to complete the correction.
61.8 level will be a good level.
find best entry on smaller timeframe
USDJPY Buy SetupAfter some downside movement, price finally break trendline.
And now currently price making a correction. we can expect this correction will bring some upside continuation.
Buy on break will be our setup.
RR on chart.
Green lines will become take profit level 1 and 2
EURAUD 2618 Trade Setupprice complete double bottom and RSI shown bullish divergent, so we can expect reversal from this.
find 61.8 level pullback to catch 2618 trade setup.
61.8 level will also retesting structure support.
find best entry on smaller timeframe when price touch that level
AUDCHF | Perspective for the new weekEven though we are generally in an uptrend, there are shreds of evidence that Buyers might have lost the steam that brought them this far as we await significant breakdown of neckline @ Fr0.68250 for confirmations that support Bearish bias.
Tendency: Downtrend ( Bearish )
Structure: Reversal Pattern (Double TOp) | Trendline
Observation: i. Uptrend: Line drawn under pivot lows explains the prevailing direction of price.
ii. Price is currently @ Fr0.68250 which has been a strong demand zone since the beginning of the year 2021.
iii. Evidence that supports my Bearish dimension is the double rejection of the major Support/Resistance level on Weekly chart @ Fr0.69130 which makes a Double Top - a strong Reversal pattern.
iv. As the Reversal pattern is on the verge of completion, it appears price is at a temporary end of a Bullish run and we have to be very careful as a Breakdown of neckline followed by retest/rejection might be the appropriate signal to sell in this instance.
v. We should not forget that the Neckline has been a strong Demand zone in the past and this could attract a handful presence of Buyers before the decline begins. It is worthy to note that if we observe any significant Bull run from the neckline, we might be looking in the direction of a rally... Hence, trade consciously!
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward : 1:5
Potential Duration: 3 to 8 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCHF Buy SetupPrice rejected one more time from neckline area.
And now price potentially create inverted head and shoulders and Butterfly pattern.
Complete butterfly will also retesting 61.8 level and support level.
from this area we can try to find best entry to buy.
USDCAD Upsidein the previous idea, we got some profit then price tag the low once again.
and now price created bullish engulfing candle and bullish divergent on the daily chart.
to jump into buy, find pullback on the smaller timeframe to get best price.
exit when price break the low
NZDJPY Sell Ideaafter some downside movement, price retesting trendline and bounced.
and now price try to make another downside movement.
so we can sell on break trendline and previous low.
break previous low may create new lower low
AUDCAD AnalysisPrice currently resistance area and maybe will have some rejection from this level.
Price also start to make LH and LL as an early indication of a trend change.
For the RSI, we can see that it has broken below level 50 and during an uptrend it has never been broken below level 50.
And this could be a sign of a decline.
However, we still have to respect the decision zone because we will focus more on price action.
this level will probably be the last barrier.
If this zone is successfully broken, we can sell.
NZDUSD Potential Patternstwo potential patterns for NZDUSD
some downside movement likely going to happen before another upside continue
these complete patterns will also retesting important support level.
USDJPY | Perspective for the new weekThe price moved 40pips in our direction since my last publication (see link below for reference purposes) before finding Lower Lows to project a certain level of weakness in the GReenback. With the latest development in price action, I am keeping my expectations for further strength in the Japanese yen high in the coming week(s).
Tendency: Downtrend ( Bearish )
Structure: Double Top (Reversal Pattern) | Supply & Demand
Observation: i. DT (Reversal pattern): The appearance of a Bearish pattern that forms after the price reaches a culmination @ Y104.200/104.400 area two consecutive times with a moderate decline between the two highs points at the risk of further decline in price.
ii. The recent Lower Lows explains the inability of buyers to push the price beyond Y104.400 last week hereby negating my previous broadcast (see link below).
iii. Y103.900 level appears to be our New Supply level in the coming week(s) as price keep finding Lower Lows.
iv. To be more cautious could welcome the idea of waiting for a significant Breakdown of Neckline @ Y104.500 before joining the decline.
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:5
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
NZDJPY Trading IdeaPrice create transition movement after break S/R level.
And currently retesting S/R level.
We can try to sell when price brake white area
RR 1 : 2.28
GBPJPY One More Downsideprice still moving inside rectangle pattern and back to restest resistance level.
we can expect price make another downside movement.
stochastic also show an overbought
AUDJPY Potential SharkPrice reached resistance level and we look for some rejection from this level.
Price potentially created Shark Pattern.
we can look for sell to follow this pattern completion.
But we need to wait price to close below minor support for confirmation
USDCAD Speculative BuyThis setup is speculative buy.
As we know the price still downtrend and already break previous support.
but we have one big bullish candle engulf 4 previous candles.
This could become a false break
RSI also show a bullish divergent.
reduce your lot size as this is a speculative buy
EURUSD Bearish Divergentprice retesting lower channel but we have bearish divergent on RSI.
There's a possibility price to break the channel.
preparing sell when price break.
RR on chart
AUDUSD Potential Cypherprice try to make some downside movement, however minor support still hold it.
We can take sell position when price break minor support and aim complete cypher.
If cypher really complete we take another buy.
complete cypher also retest the next support and trendline
(H6) AUDJPY Analysisprice currently on the resistance area and sideways.
price looks making some built up to breakout.
we can buy on breakout.
but if price fail to breakout and make some downside movement.
we can wait on blue area to buy
