UsdJpyUsdJpy can see some relief at this level of support, be wary of the structures looking left just under but if you get a nice conservative entry on lower timeframes it might be worth a pop.
Relief
EurUsdA potential relief in the market coming off a decent level of resistance and got some clean room to the downside.
AudUsdAudUsd is at a decent level of support and we can see some relief coming in on this pari following a strong bearish move. I would be conservative with targets due to it being a counter trend setup and a strong move.
4 H BTC UPDATEHello there guys, after few day of inactivity, after the weekly close, yday monthly and quarterly close we have still the bounce up due to oversold reasons going on.
We could see the volume was declining, hence a possible rebound due to oversold regions in almost all oscillators.
We broke our 1st resistance point at 8290-8300, next possible resistance is 8800, which i think could be the maximum we could have as run up for now, REMEMBER THAT THIS IS NOT A BULL RUN!!!, as you can see we are still under the long term EMA (yellow, blue and light blue) and only the fast EMA turning back, we are still under the death cross, this is just a relief bounce up. Possible we have some wicks above 8800, which is also where we find the FIB level 0.382 level.
I'm looking to close my 50% of my longs after breaking the 4 h 50 EMA (yellow), then let it ride till it goes, then also looking a point to revers the long trade to a short.
EurCad ReliefEurCad is in overall consolidation right now following the high impact news yesterday. At resistance I think we can see a small push to the downside.
GbpJpy Relief and RetestExpecting to see some relief from the support level then a possible retest of the lows due to being in a decent downtrend with some strength in RSI
EurAud Relief EurAud is currently at a fairly respected level of structure of minor resistance with decent inside movements. We are overbought on Rsi aswell which can provide us with some relief, divergence on the 60 and rising channel on the 5min
AudJpy Relief and RetestAudJpy has put in a strong move to the downside and currently at support so we can see some relief but also a retest of the lows due to the strength of the move to the downside.
NzdUsd LongFalling channel at support on the 60 can see some relief to the upside. Daily bias is bullish aswell so confirms nicely. few rejection wicks past the support level too.
NzdUsd Relief then RetestNzdUsd coming from a decent level of resistance has some room to go lower just above the even handle as a target projection. however if we come past it into tat killzone I think we can get a retest based on the trend and the strength in that initial move.
UsdChf Relief /Trend Continuationon the 60 we have a small consolidation which we have a break to the upside and potential to go a bit higher. On the Daily we bounced off support and can predict the relief even higher to inside structure based off the daily.
UsdJpy Relief and RetestCurrently at a minor level of resistance we can expect some relief and if we come to our killzone we can then even look for a potential retest of the highs. I wouldnt look past that level for extended targets personally.
NzdJpy ReliefSmall counter trend opportnity to catch around 10 pips bouncing and rejectig of resistance currently. Being overall in Consolidation I wouldnt look for targets past that minor level of support.
NzdJpy Head and ShouldersAudJpy has put a small head and shoulders, likely seen on the lower time frames better but it comes at a decent level of support and we actually have a violation of the outside return aswell so can be an aggressive long to take if we get a pullback and look to ride it up.
EurGbp Relief Day TradeSmall counter trend opportunity on the lower time frames on the EurGbp, coming off a decent resistance level and massively overbought on the RSI we can see some relief, conservative targets taken as it is only a relief trade,
NzdJpy Relief with LTF Head and ShouldersNzdJpy reached a good level of support with actual room to go higher. Also on the 5 minute we have a head and shoulders setting p, still early but definitely something you can look to ride up then even down for the retest.
EurChf ReliefSmall potential relief on EurChf coming off resistance with RSI being Overbough and a head and shoulders complete on the 5 minute looking to carry down to at least the green line if not lower
NzdUsd Short Day TradeA potential involvement in some expected relief at resistance to the highs of or outside return
Bitcoin Triangle formation for possible bearish trend correctionAfter initial strong bearish relief and the countering rally of the bulls, the market has been floating in a significant range also forming a symmetrical triangle.
Due to huge resistance and possible gaps in the still overall bullish trendline on 4h. A strong break and close below triangle walls could indicate further bearish relief but strong bullish diagonal TL support is met leading to profitable RR.
UsdChf Short Day TradeMssively overbought at resitance on on the daily we can expect some relief down to around the red zone, just had a confirmed 3 point trend reversal on the 5 min aswell
EurJpr Short OpportunityEurJpy is currently at a resistance on the daily/4hr and Rsi overbought currently on the 4hr, expecting some relief to the levels of support inidcated and looks a good continuation opportunity down even lower on the 15/5 min time frames.
