EURJPY H4 - LONGEURJPY H4 - LONG
Strong push phase that broke the ascending trendline and now coming back for a potential retest onto the confluence zone.
Look for a depletion in bearish momentum and bullish price action at the confluence zone for a LONG position, with take profit target at previous high.
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EURNZD H4 - LONGEURNZD H4 - LONG
Initially, we have a bearish trend and it went into a consolidation period where prices are moving side ways, more of a falling channel/wedge pattern.
Current strength and momentum is bullish therefore, we are anticipating the breakout and retest confirmation for a LONG position
Drop down to the Lower Timeframe (LTF) for a BUY opportunity towards 1.72000 resistance area.
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.
EURGBP H4 - LONGInverse head and shoulders pattern. This setup will take awhile before it becomes valid. We will be monitoring it closely.
What we are looking for would be a strong H4 breakout and retest onto the neckline structure, followed by an entry on the hourly timeframe for a move upside towards our TP area.
EURCHF H1 - LONGDouble bottom onto a support structure with huge bullish momentum given the current candle, although yet to close.
If the resistance level and trendline gets broken, look for a pullback, retest or trend continuation pattern for a BUY entry towards previous swing high!
Plan your trade and trade your plan.
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.
EURCHF H1 - SHORTRejections can be seen at our resistance area, failing to break through and eventually forming multiple tops. Our entry criteria here, would be to wait for a strong bearish breakdown move followed by a pullback or retracement towards a minor resistance level to consider taking a SHORT position.
Plan your trade, trade your plan. Do NOT let your emotions rule your trades.
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.