CHECK THIS EURCAD LONG!!!Hey Boys and Girls, EURCAD is setting up nicely here.
Weekly: We have a nice upward trend happening, that's bouncing off previous structure resistance turned support
Daily: We are bouncing off the monthly support, we also have a pretty wide gap on the EMA's, which indicates a clear push to the upside is inevitable.
4HR: This is the sauce, price has broken through resistance that was tested multiple times, now we wait patiently for a pullback to around the 1.49040 mark to enter.
Theforexlife
CHECK THIS USDJPY SHORT!!!4HR is presenting a nice double top formation, moving through to the 1hr we can see a triple test of resistance on the second leg of the double top. moving further to the 15min we are testing resistance for the third time on the second leg, all pointing to bearish confirmation.
We have 2 trades to consider here first is top-down, second is a bigger play on the larger timeframe.
CHECK OUT THIS ENTRY: EURUSD Short, potential for some nice pipsDaily confirmation of a trend reversal, 3 legged push to the upside. Resistance turned to support tested then broke through and has retested on the 4hr. Scaling down to the 1hr we have had 3 tests of resistance, nice entry confirmation.
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.