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.
Rejection
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.
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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.
DXY Detailed Top-Down Analysison DAILY: DXY is currently approaching a strong demand zone in blue so we will be looking for objective buy setups on lower timeframes.
Keeping in mind that DXY can still go down to test the previous support to get more liquidity to be able to push higher.
on M30: DXY is trading inside our purple channel, so we are overall bearish, however as mentioned from Daily, we will be looking for buy setups as price is approaching strong support.
so we are waiting for a new swing to form around our upper purple trendline and enter on its break upward.
Good Luck!
NZDJPY ANALYSIS, DOES HISTORY REALLY REPEAT IN TRADING?HELLO ALL,
NZDJPY SEEMS TO BE AT A DAILY RESISTANCE AREA WHERE IT REJECTED AT WEEKS END. THE PAIR IS IN AN AREA WHERE IN 04TH FEBRUARY IT STARTED A SIDEWAYS TREND THAT BROKE OUT LOWER AROUND THE 25TH OF FEBRUARY. CAN THIS PAIR DO THE SAME THING BEFORE BREAKING OUT HIGHER?
FOR THE TIME BEING, LOOK FOR THIS PAIR TO RETRACE SOME BEFORE MOVING UP TO THAT RESISTANCE AREA OR BREAKING OUT OF IT. 4 HR CHART SHOWS OVER EXTENDED ON RSI SINCE 01ST OF JUNE SIMILAR TO DAILY RSI. LOOK FOR PRICE ACTION AND FUNDAMENTALS THIS COMING TRADING WEEK. GOOD LUCK TO ALL!
AUDNZD rejecting a strong supply zoneon DAILY: this pair is currently rejecting a strong resistance/supply area so we will be looking for objective sell setups on lower timeframes.
on H4: AUDNZD is trading inside our blue channel (not valid yet) so we are waiting for a new swing to form around our lower blue trendline to consider it objective and enter on its break downward.
we also have a regular bearish divergence on MACD adding more confluence to our sell setup.
EURSEK strong rejection is expectedon DAILY: EURSEK is sitting around a strong support and resistance zone in blue so we will be looking for objective sell setups on lower timeframes.
unless price breaks it downward aggressively, then we will be looking for objective sell setups on its retest.
on H4: EURSEK formed an objective channel in red, so we are waiting for an objective break above the last swing that forms around our upper red trendline to buy this pair.
on M30: EURSEK also formed an inverse head and shoulders pattern, so we are waiting for a momentum candle close above our neckline to buy. (conservative traders should wait for the buy from H4)
EURNZD approaching an oversold areaon DAILY: EURNZD is approaching a strong support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes.
on M30: this pair is still overall bearish making lower lows and lower highs, and it is now forming a trendline (not valid yet).
so we are waiting for a third swing to form around it to consider it objective and enter on its break upward.
CHFJPY sell opportunityon DAILY: CHFJPY is approaching a strong support/resistance in green so we will be looking for objective sell setups on lower timeframes.
on M30: CHFJPY is currently trading inside a red channel so we are waiting for a new swing to form around our lower red trendline to consider it our last swing standing and enter on its break downward.
we also have a divergence forming on MACD, adding more confluence to our setup.