AUD/USD - Break of Flat Channel and Dollar Strength ExpectedWe can see price has followed our first initial price path by falling to our support zone in our flat channel. Bulls are sitting at this level once again, but will they be able to take price higher once again? Or will we see a break of this structure?
Happy Trading - and as always, any questions please feel free to shoot me a DM!
Short-signal
AUD/JPY trade planWhen we look at the chart we can see that the price has not been able to break the resistance zone. This is a good chance to go short.
Let me know in the comments what you think of it and feel free to share your idea for this pair.
If you like the idea, don't forget to give it a like.
If you hae any questions, feel free to PM me.
GBP/USD - More Dollar Strength on the way?Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week.
We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period.
Will USD strength continue into next week? Could we see price test 1.35?
AUD/JPY - Third touch of top trendline coinciding with...A key long term resistance zone. Price is getting squeezed in this rising wedge type structure. This week we've seen indecision with increased sellers in the market at this key level. Will we see a break of structure and move to the downside?
Happy Trading. And always manage risk!
Long and Short set ups for the current price !!! $BTC
LONG SIGNAL:
I would long from the breakout of the upper line, targets will be 39k & 40K
SHORT SIGNAL:
I wouldn't short right now, but if you want to short from here your first target should be $37500, then trade with support levels.
WE ARE OVERBOUGHT ON LOWER TIME FRAMES
EUR/GBP Pull back and push up!Here we can see the Euro chart falling directly in line with the analysis we have provided over the last few weeks. With continued pound weakness surely on the horizon our prediction will be "move A" a pull back and test of the trend line, followed by an upside turn 'move B" pushing the pair higher. Good Luck.
EUR/CHF Rejected Resistance Once AgainFor several months now, EUR/CHF is trying to reach the 1.09 area, without any luck.
Every rejection of the area of strong resistance has led to a fall of more than 50 pips. My bet is that history will repeat itself next week.
I'm eyeing Support 1 and Support 2, but feel free to do your own DD.
CAD/JPY Short Term ReversalCAD/JPY is following an bullish triangle for a few months now. Sadly, the 82 resistance level got rejected yet again.
Since this pair is following the triangle firmly, this reversal makes me believe we're heading towards the lower trend line again.
Be wary around the green marked area, since it's close to the previous low. Considering exiting a part of your position around that area.
GBP/JPY Falling: Multi Resistance & BrexitGBP/JPY is following the drawn wedge since the early days of 2020, reversing every time it hit either the upper or the lower trend line.
Not only is the wedge holding strong, the 140 area is holding up as well: the price failed to close above 140 for the eighth (!) time now.
Combine the above with the failing Brexit talks, and we have a recipe for disaster on our hands.
Im considering Support 1 and Support 2 as potential exits, but feel free to do your own DD.
GBP/USD SHORT!After Brexit talks get ANOTHER extension the pound rallied on the open last night pushing most of its counterparts back to key levels. In doing so with cable we have created a strong intra day trend here presenting a good SELL opportunity from this area. Expected the pair to move up and down at first and be prepared to hold. We are live in the trade and wait for the downside to fill the gap. Good Luck
PayPal Reversing AgainIn my previous PayPal post I foresaw a $215 price target. What I can clearly see now is that the channel is holding strong and that PayPal is on its way back again towards earlier support levels.
Im eyeballing Support 1 and Support 2 as potential exits, but please do your own DD.