Sell-setup
USDCHF FORECASTUSDCHF has just broken down from it's flag pattern so we expect the downside to continue. There may be a possible pullback to retest the support level that just broke, but we then expect price to continue lower if so. Otherwise, price should resume its downtrend on open towards the bottom of the major channel. TP's at support levels along the way, SL above the previous broken trendline.
AUDNZD FORECASTAUDNZD will either make a new leg in its 4hr flag pattern, or break below towards next support.
If it creates a new leg, we still expect it to then crash through the flag pattern afterwards.
On the Daily there is a much larger flag pattern, and price is currently near the bottom. We expect price in the longer-term to bounce back up towards the upper levels of the flag, after the price correction written above.
AUDUSD Set for continuation lowerAUDUSD broke out of an upwards flag pattern and is looking to drop further.
Upon a bounce lower from the orange line, or a break below the local trend, we expect price to head towards the bottom channel of the Daily.
USDCHF Revenge of the ShortUSDCHF has been relentless recently in it's conquest upwards. Fortunately, this can't last forever and we have a clear bearish flag pattern formed on the 4h. On break below the flag pattern we are clear to enter into a short trade targeting the trendline beneath.
NZDUSD SELL SETUPThis is a sell setup for me.We have a 1hr impulse followed by an abc correction so far,it may be a more complex correction we dont know that thats why its better to wait for the breakout until you sell. If you are an aggressive trader you can sell the 0.618 fibonacci level with stops above 0.7370, which would give you a great risk reward ratio but with a greater risk of being wrong. Targetting 0.72000 first then 0.71000 and if it goes there we'll wait for it to break or bounce from that trendline
USDJPY 4H TRIANGLEUSDJPY had an impulse down and now its correcting and it looks like this is a triangle pattern, in case it is this would have to make another wave up and then it would complete the 5 wave structure which would lead the breakout to the downside and ill be targeting 95.50 and potentially lower.
EURUSD ShortOnce again I am looking to sell EURUSD:
-Price is at a strong daily supply/demand zone
-The Liquidity void from the EU referendum has now been filled
-Price is being rejected from an upper T/L
-Also consolidating at a previous support/resistance level.
-Could possibly be seeing the right shoulder of a Head and Shoulders pattern forming
My Last EURUSD short was stopped out but as I believe the longer term outlook for the pair is bearish, this looks to be a good chance to get involved.
RR 1:3.6
Cad-Sgd Sell SetupCad-Sgd Sell Setup with one is trendline plus fibbo setup and 2nd is harmonic setup
NZDUSD EXPANDING TRIANGLEThis corrective structure until now looks like it is an expanding triangle, in case it is, it will have 5 waves within it so im expecting downside then another move up then after that 5 waves are finished and we'll be looking downside.
USDCAD Bearish FlagPotential shorting opportunity with the break of this bearish flag
Be patient and wait for a re-test and for bearish market confirmation with price action
EURGBP SETUPThis is FX:EURGBP H1 setup.I'm waiting for it to finish this corrective structure and then sell on breakout
