EUR.CHF - BULLISH CYPHER SETUP - 1.0667On the EUR.CHF Daily chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.0667 & 1.0624
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.0786
Stop loss would be placed below X leg structure support.
Target 1 - 1.0727
Target 2 - 1.0764
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USD.CAD - x2 CYPHER SETUPS - 1.2584 & 1.2944On the USD.CAD Daily chart we have 2 potential trade opportunity's at the D leg completion of Bullish Cypher setups.
Bullish Cypher Setup ( Blue ) - D leg completion 1.2584
Target 1 - 1.2970
Target 2 - 1.3203
Bullish Cypher Setup ( Grey ) - D leg completion 1.2944
Target 1 - 1.3190
Target 2 - 1.3341
Bullish Cypher Setup: Stop loss should be placed below X leg structure support.
NZD.CAD - Long OpportunityMy basic Weekly, Daily and 4hr chart analysis on the NZD.CAD into next week.
Weekly:
1. Weekly EMA support
2. Bullish RSI divergence
3. Price found support at .9300 psychological level
Daily:
1. Perfect low-test candle formed on the 31.03.2017
2. Bullish RSI divergence
3. Target can be placed below the Daily EMA and previous resistance level
Additional:
1. For our entry to be triggered price must breakout of the consolidation period
2. 4hr & 1hr Bullish RSI divergence
3. Price finding support on Monthly trendline
GBP.JPY - Bullish Bat Setup - 137.512On the GBP.JPY Daily chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between 137.512 & 136.449
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at 144.00
Stop loss would be placed below X leg structure support.
Target 1 - 140.316
Target 2 - 142.109
EUR.CAD - BULLISH CYPHER SETUP - 1.4352On the EUR.CAD 1hr chart we have a potential long opportunity at the D leg completion of bullish Cypher setup.
The price reversal zone on this pair is between 1.4352 & 1.4285
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets back into 1.4550
Stop loss would be placed below X leg structure support.
Target 1 - 1.4446
Target 2 - 1.4506
NZD.USD - Bullish Bat Setup - .6982On the NZD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.
The price reversal zone on this pair is between .6982 & .6968
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at .7070
Stop loss would be placed below X leg structure support.
Target 1 - .7023
Target 2 - .7049
GBP.JPY - x2 Short Opportunities On the GBP.JPY 4hr chart we have 2 potential trade opportunity's at the D leg completion of bearish Bat & Cypher setup.
Bearish Cypher Setup ( Blue ) - D leg completion 141.114
Target 1 - 139.820
Target 2 - 139.027
Bearish Bat Setup ( White ) - D leg completion 140.281
Target 1 - 139.302
Target 2 - 138.695
AUD.JPY -x2 Long Opportunities On the AUD.JPY Daily chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat & Bullish Cypher setup.
Bullish Cypher Setup ( Blue ) - D leg completion 84.684
Target 1 - 86.020
Target 2 - 86.830
Bullish Bat Setup ( White ) - D leg completion 84.245
Target 1 - 85.750
Target 2 - 86.663
EUR.USD - BEARISH BAT SETUP - 1.1193On the EUR.USD Daily chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.1193 & 1.1300
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.0500
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.0865
Target 2 - 1.0662
EUR.USD - Technical BreakdownThe EUR.USD is one pair on my watchlist into next week.
We have now seen price run into a strong resistance and psychological level at 1.0750 which dates back to 2015.
If we see a break and retest of 1.0750 i will be looking for opportunities to take this pair long back into trendline resistance dating back to 03.05.2016
If we see a strong reversal signal on the Daily & 4hr TF i will be looking to take this pair short looking to retest 1.0550
I will be updating this pair throughout the week.
GBP.AUD - Technical BreakdownThe GBP.AUD is one pair on my watchlist into next week.
Monthly:
1. Bullish RSI divergence
2. Support found at 1.6000 psychological level
Weekly:
1. Bullish RSI divergence
2. Low-test candle formed at the key 1.6000 psychological level
3. Last week candle broke the previous month's candles
Daily:
1. Bullish RSI divergence
2. Price breaking above Daily EMA
3. RSI not overbought
4hr:
Bearish RSI divergence is forming which gives me an indication that we will see a minor pullback prior to a push towards the the 1.6700 psychological level.
EUR.NZD - Long & Short OpportunitiesOn the EUR.NZD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Cypher & Bearish Bat setup.
Bullish Cypher Setup ( Blue ) - D leg completion 1.5244
Target 1 - 1.5297
Target 2 - 1.5328
Bearish Bat Setup ( White ) - D leg completion 1.5412
Target 1 - 1.5334
Target 2 - 1.5286
EUR.GBP - BEARISH BAT SETUP - .8749On the EUR.GBP 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between .8749 & .8759
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around .8680
Stop loss would be placed above X leg structure resistance.
Target 1 - .8714
Target 2 - .8693