Short-setup
EURJPY H4 - Short SetupEURJPY H4 - Little bit of a relief rally yesterday from our identified support zone, recent H4 candle has closed to break support, potential rejection of weekly key level and retest of that broken zone before possible short continuations, simply support turned to resistance. Very similar to DXY where resistance turned to support.
STAY LIVELY! Can a single candle mean something?Patterns tend to repeat themselves. There is an interesting similarity happening here.
Bear in mind that the markets are random but do hold hidden patterns.
Caution and controlling loss are the big priorities. Positioning the next.
I'm stalking this situation very carefully. No predictions today or at any other time.
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
NZDCAD - Possible Short Long Term Downwards MovementThe chart is pretty much self explanatory. We expect to see more downward movement in the long run.
USD/JPY On a Definition Zone🔸 DAILY CHART EXPLANATION:
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🔸Price is facing the Resistance Zone.
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🔸We consider that there are two possible scenarios here.
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🔸In case of a bullish move from here, the first target is the Descending Trendline.
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🔸 And, in case of a bearish move, the target is the Support Zone.
🔸 WEEKLY CHART ANALYSIS:
NZDCAD- SELL LIMITPrice has now broken out of this range it was in, creating a lower low, I have put a sell limit at 0.87398, as this was previous support, and lines up with the 38.2 fib level.
AUDCAD easy 70 pipsAUDCAD crossed the EMA Line again and is now in a downtrend.
I Believe its going to strong support at 0.70700
Wait till the resistance level is reached and place the trade from there.
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USDJPY H4 - Short SetupUSDJPY H4 - As mentioned, we have a lot of economic data coming up regarding the US over the next couple of days, this shall influence the USD a lot, effectively act as a catalyst to move USD markets, so do be aware of these points and keep an eye on timings! Lots of consolidation seen on UJ, could be exhausting, DXY broken support and setting LH's and LL's.
mid term short setup...The market is turbulent. If you open a position, be sure to specify a stop loss. with the best wishes.
Gold H1 - Short SetupGold H1 - Saw a heavy gold selloff yesterday after rejecting that double top resistance. Caused a break of trendline and a support break too. A potential retest of resistance at 1953.00 could see us gear up for a possible second wave downside.
GBPUSD H1 - Short Trade SetupGBPUSD H1 - That big 1.30 handle is back in sight, seen some big GBP corrections today, GBPJPY also nearing resistance level. Could see some rejections from this price level.
Ascending triangle play on BitcoinCurrent play I am looking at on the 15min chart on Bitcoin. Which ever direction it goes there is money to be made. Decreasing volume signature confirms this triangle. I will be watching closely on the volume breakout aswell
NZDUSD- Shorts developingWe can see that price has fallen out of this ascending TL and has officially made a lower low.
Looking to sell this pair if we get to an area of interest which is at the 50/61.8 fib levels as if we look left we can see these levels have held as structure previously and we will then be interacting with the 50EMA. Would need a confirmation candlestick before entering this though.
Currently have a USDCHF short running so this pair would not agree with my bias however if we get stopped out or move SL to entry I will definitely e looking at taking a short on NZDUSD if we come up into these areas.
EURUSD H4 - Short Trade SetupEURUSD H4 - We have broken downside of the channel, but yet to have set lower lows, just waiting to see this lower low confirmation, then a pullback to optimise entries. Eying up possible shorts from around 1.18 hopefully.
GJ idea...Okay so higher timeframe breakdown
Weekly - We have a rejection, pin bar from the trendline which is ideal for short positions
Daily - Reacting from the TL also
4h - Bearish PA starting to come into play.
1h -
Target first 139.600 area. 120 pip possibility.
Opinions?
Important levels marked in beige, from weekly and daily charts.
