AUDNZD SHORT4HR chart has presented a double top, moving through to the 1hr we have a triple test of the double top with price currently testing the 150EMA, also there the RSI is showing divergence. We could potentially see a move all the way down to 1.06500 over the next week if this analysis plays out.
Restest
US30 Long opportunityUS30 recently breakout of a bearish channel structure.
It retested 30.100 area , which was a resistance area turned to support.
A new Higher high was made
Throughout Mondays sessions the price was playing around the same area , basically ranging.
But because support level of 30.100 has been strong , I am seeing a continuation towards the upside .
The main take profit will be on the previous weeks high, but I have a couple of places I am willing to take profit as this is a swing trade.
I trust you will be able to take the opportunity's based on the continuation patterns and the TP I have presented.
GOOD LUCK!!! WISHING YOU ALL THE BEST ON THE FIRST WEEK OF TRADING IN FEBRUARY 2021
LONG or SHORT? Dont Know? Just goin to have to wait! It either i'm goin LONG Or SHORT on EURCHF Daily ! Just have to a wait for a retest Pullback nearest top resistance 1.18134 , then goin SHORT if there a candle stick reverse pattern! OR if there a BREAKOUT on 1.18134 then goin to wait for it come back to retest1.18134 for a LONG since it trending up!
USDJPY Triangle BreakoutUSDJPY has been showing strong bearish momentum and is moving strongly to the downside. It will breakout of the structure and retest the Brexit lows for one time it also seems to happen at the 1.27 Fibonacci extension. to give us a good target to hit.
Some more confirmation of this move is the Bounce off from the 50 EMA which it has failed to break for quite a while.