EURUSD Short (Right Shoulder forming) H&SHead and Shoulder pattern, short and take profit at 1.16550
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EURUSD H&S Right Shoulder FormingWith the Head and Shoulders pattern clearly making itself known, the signal to sell will be clear after price hits and respects the 1.19500 to 1.21000 zone as resistance, just like the left shoulder did. For now price and future of this pair is bullish and from there on out we will be looking to ride the price down.
GBPCAD Short The bears are definitely in control of this market. Price has made its way back up to former support and can be now identified as resistance. What makes this setup so attractive is the fact that there is a "Shooting Star". With this retest we can be sure to enter short positions and ride all the way down to the 1.68000 area.
AUDUSD ShortShooting Star candlestick, this setup has to sold. Price has retested former support and is now resistance. Sell and take profit at the 0.74200 area
GOLD Potential H&S PatternPrice will bounce off support (Neckline) to form the Right Shoulder round about 1323. Due to minor resistance, price will then see a drastic drop to the 1310 area.
EURJPY sellbig long term sell for EURJPY. on the weekly chart it looks like it could continue down for new lows
NZDCHF Possible BreakoutNZDCHF trapped in a triangle where the next destination for price is DOWN. We can expect price to drop to 0.67300 with enough selling pressure and hopefully a retest of broken support.
