GBPUSD H4 - SHORTRising wedge pattern, indicating that the buyers are losing steam. We are looking for a breakdown off the wedge and support area for a potential SHORT if we get a retest onto previous structure.
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AUDCAD H4 - SHORTAn idea for the next trading week. Looking towards a breakdown retest formation. Look for a SHORT trading opportunity on the lower time frame to catch a good entry, with take profit at the next support zone area.
GBPJPY H4 - LONGGBPJPY H4 - LONG
Clear confirmation that prices broke a key resistance level, now turned support. We are looking for a pullback onto previous structure @142.300 level for a LONG position upon confirmation, towards the next resistance level.
A trade to take next week.
USDCAD H4 - LONGA downside move followed by a falling wedge (side ways, depletion of bullish momentum) and now a breakout with a series of higher swing highs and lows.
Potential LONG if we get a retest onto previous structure or support for a LONG position towards a key level @1.29100 area.
EURCHF H1 - SHORTImpulse bearish leg that broke support area, now coming back to test the broken structure.
Look for price action patterns at the reversal zone before taking the trade.
Be patient with your setups, follow the flow with the market. You can't control the market.
AUDCHF H4 - SHORTAUDCHF H4 - SHORT
Started of with bullish movement followed by side ways or consolidation and now, we are able to see a potential reversal of the bullish trend, made by a series of Lower Highs and Lower Lows.
Prices recently broke the support area and we are looking for a pullback onto previous structure for a SHORT position towards the support area.
EURNZD H1 - SHORTEURNZD H1 - SHORT
Bearish move breaking down the ascending trendline and now came back for a retest, with a strong bearish rejection candle, or pin bar. However, bullish momentum may still be strong given how prices moved up towards the trendline and we may need to look for further confirmation or wait for bullish momentum to die down.
AUDCHF H1 - LONGDouble bottom onto support structure, making a push phase which broke the neckline resistance and turned into support. Classic breakout retest strategy over here and we can continue looking for BUY opportunities towards previous high.
AUDCHF H4 - LONG & SHORTAUDCHF H4 - LONG
Potential double bottom formation at a support area. Look for bullish pressure to take a LONG position towards the upper trend.
Otherwise, wait for a strong breakdown and pullback for a SHORT position on the lower timeframe, take profit target at the next support area.
GBPNZD H1 - SHORTGBPNZD H1 - SHORT
Triangle break out, with a bearish impulse move. We are looking for a retest onto previous structure for a SHORT position towards the next support level.
We will place a SELL LIMIT ORDER here.
EURAUD H4 - LONGEURAUD H4 - LONG
Double bottom formation, and now broke out of it's neckline as well as descending trendline for a potential reversal.
We are looking for a pullback onto previous structure for a LONG position towards the next resistance area.
CHFJPY H1 - LONGConsolidation phase going on now. Clearly looking for a breakout for a directional bias, leaning towards an upside breakout for trend continuation. With a strong breakout, we could look for a retest onto previous structure for a BUY entry.
AUDNZD H1 - SHORTStrong bearish momentum can be seen here as we are looking for a retracement or a pullback onto the support turned resistance level. Look for price action confirmation before taking a SELL position with your target profit at 1.07406
CADCHF H1 - LONGPrices made a bullish rally and now came back for a retest onto a support area. We are waiting for rejections and confirmation on this zone before taking a LONG position towards the previous high.
NZDCHF H4 - LONGPrices found support @0.63200 area and made a bullish rally towards the upside, breaking a neckline structure. We are waiting for a pullback onto the broken structure for a LONG position towards the resistance level.
Stop loss below the support area where if this level gets broken, we should be looking for SELLING opportunities instead.
AUDCHF H4 - LONGDouble bottom formation onto a support area, made a bullish impulse move towards the upside, breaking the double bottom neckline. With this setup, we are able to look for a LONG position if we get a pullback onto previous structure.
Plan your trade and trade your plan. Do not rush to catch the bullish move because more often than not, prices will pullback for a continuation move.
NZDJPY H4 - LONGPrices got rejected from the trendline and recently broke a minor resistance level. We will be waiting for the H4 candle close and decide again whether or not to take a trade if we get a pullback.
Nevertheless, potential H4 buy limit order if we get a strong H4 candle close.
AUDCHF H1 - LONGWe have an impulse leg over here with strong bullish push phase and now, waiting for prices to retrace onto our previous structure before taking a BUY position, with target profit at previous high. Look for bullish continuation patterns like the flag or wedge.
GBPCAD H1 - LONGEarlier this week, we found ourselves holding onto a trade that went into consolidation for quite some time. With a strong break out over here, we can look to re-enter GBPCAD, with stop loss below the 1.73000 level for a continuation move towards the next resistance level.
For our 2nd entry, prices may have found support @1.76300 level, looking for another push phase in order to make an immediate higher swing high and higher swing low.
EURUSD H4 - SHORTBearish momentum can be seen with this impulse move downside. As prices are pulling back, giving us an opportunity to take a SELL entry at a resistance area. Look for rejections or bearish price action at the resistance level before taking the trade.
AUDJPY H4 - LONGStrong push phase in the market, where prices starts to be in line with the overall bullish trend . Although we have an immediate bearish move, prices failed to break our support area and made a bullish rally.
AUDJPY H1 - LONGAUDJPY H1 - LONG
Prices made a huge push phase due to the rally from JPY pairs and now moving sideways. We can expect a consolidation over here and be looking to catch a retest onto the previous structure for a LONG position towards the next resistance area. We'll place a BUY LIMIT ORDER at the neckline structure.
GBPJPY - THE RETRACEMENT WHILE ONTHE HIGHER TIME FRAMES THERE IS GREAT BEARISH MOMENTUM
THERE IS STILL A POSSIBILITY OF A HUGE RETRACEMENT WE CAN PROFIT OFF
OF BEFORE GOING LOWER.
I WILL ENTER OF THE IMBALANCE BELOW WITH A LIMIT ORDER
IF MARKETS MOVE WITHOUT FILLING THE IMB I 'WILL
THEN MARKET EXECUTE THIS TRADE TO END THE WEEK
#PROPHETICPIPS
