USDMXN top-down analysison DAILY: USDMXN is retesting a strong demand zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: USDMXN formed an objective channel in red so we are waiting for a momentum candle close above the last swing that forms around our upper red trendline to buy.
meanwhile, until the buy is activated, we would be overall bearish
Rejection
GBPNZD waiting for a trigger to buyon DAILY: GBPNZD is sitting around a support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes.
on H1: GBPNZD formed an objective channel in red, so we are waiting for a momentum candle close above its last swing to buy this one short-term.
Moreover, we have a bullish regular divergence on MACD adding more confluence to our buy setup.
Meanwhile, as long as our buy is not activated, we would be overall bearish on GBPNZD
AMS - Potential 50% dropPrice made an attempt to break out of the long term down trend but was rejected off of the down trendline back down to support at 0.49 with heavy volume, if the support at current levels breaks there could be a retest of March lows and perhaps lower lows. A short entry at 0.43 could be a valid entry point, one to watch for the meantime.
CHFJPY two possible scenarioson H4: CHFJPY is overall bullish trading above our orange trendline, however, it is approaching a strong resistance in green.
on H1: CHFJPY is forming a channel in red, so we are waiting for a new swing to form around our upper red trendline to consider it valid and then enter on its break upward.
and we are waiting for an objective break below our lower orange trendline from H4 to sell this one long-term.
USDPLN waiting for the double bottom pattern to formon DAILY: USDPLN is sitting around a support zone in green so we will be looking for objective buy setups on its retest.
on H4: USDPLN is forming a double bottom pattern (still an idea) so we are waiting for a momentum candle close above its neckline to buy it long-term.
and if price retests our support zone again, then we will be looking for new objective buy setups on lower timeframes.
EURCAD waiting for a trigger to sellon DAILY: EURCAD is sitting around a resistance zone in red so we will be looking for objective sell setups on lower timeframes.
on M30: EURCAD formed an objective trendline in red and a double top pattern, so we are waiting for a momentum candle close below its gray neckline to sell this one.
USDTRY potential bearish reversalon DAILY: USDTRY is still trading around its all-time-high so we will be looking for objective sell setups on lower timeframes.
on H1: USDTRY formed an objective channel in red and it is approaching a minor supply zone in blue so we are waiting for a momentum candle close below the last swing that forms around our lower red trendline to sell.
meanwhile, until our sell setup is activated, USDTRY would be overall bullish and can still test the upper green round number 7.00 before going downward.
AUDCHF waiting for our trigger to buyon H4: AUDCHF is overall bullish and now approaching our lower blue trendline so we will be looking for objective trend-following buy setups on lower timeframes.
on M30: AUDCHF is forming a trendline in red so we are waiting for a new swing to form around it to consider it valid and then enter on its break upward.
Moreover, we have a regular bullish divergence on MACD adding more confluence to our setup.
GBPCHF potential bullish movementon DAILY: GBPCHF is approaching a strong support zone in blue so we will be looking for objective buy setups on lower timeframes.
on M30: GBPCHF formed an objective trendline in red, and price broke it upward, but we didn't buy yet, as we are waiting for a momentum candle close above its last swing.
meanwhile, GBPCHF would be overall bearish and can still test our lower support zone before going upward. in this case, we will be looking for new objective buy setups to form
EURUSD waiting for a break to sellon DAILY: EURUSD is sitting around a resistance/supply zone in green so we will be looking for objective sell setups on lower timeframes.
on M30: EURUSD is now trading inside a valid channel in red, so we are waiting for a momentum candle close below the last swing that formed around our lower red trendline to sell.
we also have a regular bearish divergence on MACD.
*Meanwhile, until the sell setup is activated, we would be overall bullish on EURUSD
Did you see that ?This is really interesting ... time to mark down ...
Rsi divergence, price rectangle channel and we are testing the mid line !
We were in this channel for more that 2 weeks, we touched top of the channel several times and it rejected us ! we hit the bottom, it rejected us ! but mid line? it opened arms and she hugged us! we are going down ... I recommend to longs ... be careful on this one.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
USDCZK potential reversal to the upsideon DAILY: USDCZK is sitting around a strong support zone so we will be looking for objective buy setups on lower timeframes.
on H1: USDCZK is currently forming a wedge pattern (not valid yet) so we are waiting for a new swing to form around our upper trendline to consider it valid and then enter on its break upward.
we also have a regular bullish divergence adding more confluence to our buy setup.
NZDUSD potential sell setupon DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes.
on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell.
*Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then enter on its break downward.
Meanwhile, until an objective sell setup is activated, NZDUSD would be overall bullish and can still test the upper green resistance from DAILY to get more liquidity to be able to push price lower.
NZDCAD waiting for the sell setup to formon WEEKLY: NZDCAD is currently sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes.
on M30: NZDCAD is forming a head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter on the neckline break downward.
meanwhile, NZDCAD would be overall bullish and can still test the upper brown trendline before going downward.
BTCUSD - BITCOIN waiting for confirmation to sellon WEEKLY: BTC is still sitting around our 10.000 round number and supply zone so we will be looking for objective sell setups on lower timeframes.
on H4: BTC is trading inside our two red trendlines (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it valid and then enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
CRUDE OIL waiting for a trigger to sellon DAILY: OIL is currently sitting around a strong resistance zone in green and almost filled the previous gap so we will be looking for objective sell setups on lower timeframes.
on H1: OIL is trading inside a wedge pattern (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and enter on its break downward.
or we are waiting for the right shoulder to form and then enter on the head and shoulders neckline break downward.
meanwhile, OIL would be overall bullish.
GBPAUD waiting for confirmation to buyon DAILY: GBPAUD is sitting around a support zone in green so we will be looking for objective buy setups on lower timeframes. (unless price breaks it downward aggressively)
on H1: GBPAUD we are waiting for a third swing to form around our upper red trendline to consider it valid and then enter on its break upward.
Meanwhile, GBPAUD would be overall bearish, until the buy setup is activated.
EURGBP two possible scenarioson DAILY: EURGBP is currently sitting inside a support zone, so let's see if it will reject it or break it downward.
on H4: EURGBP formed an objective head and shoulders pattern, so we are waiting for a momentum candle close below its neckline to sell.
meanwhile, this pair is sitting around support and trading below our red trendline (not valid yet), so we are waiting for a third dot to form around it to consider it objective and enter on its break upward.
Let's see which scenario will be activated.
GBPNZD potential reversalon DAILY: GBPNZD is sitting around a support zone so we will be looking for objective buy setups on lower timeframes.
unless GBPNZD breaks below our support aggressively, then it would become resistance and we will be looking for objective trend-following sell setups on its retest.
on M30: GBPNZD is forming an inverse head and shoulders pattern (still an idea) so we are waiting for the right shoulder to form and then enter after a momentum candle close above the neckline.
we also have a regular bullish divergence on MACD adding more confluence to our buy setup.
Meanwhile, until the buy setup is activated, GBPNZD would be overall bearish.
GBPUSD potential bearish reversalon DAILY: GBPUSD is sitting inside a resistance zone so we will be looking for objective sell setups on lower timeframes.
on M30: price formed an objective trendline in red and we are still waiting for a candle close below its last swing to sell.
we also have a bearish regular divergence on MACD adding more confluence to our sell setup.
meanwhile, GBPUSD would be overall bullish, until an objective sell setup is activated.