Alep12

Alep12

EURUSD is bearish since the 2nd week of January, last week price touched an important Resistance level, we can now expect price to make a retracement around the 0.382 Fib level (1.21307) to touch the trendline and then keep going down, if price breaks the Resistance level then we can expect it to move down strongly. Hope you liked this idea! Good trade week everybody!

Alep12

USDCAD is bearish since September, last week it closed with a nice retracement almost touching the 0.618 Fib level (1.27535) which is also in conjunction with the major down trendline, we can now expect price to move down again giving us a nice Short position, anyway I suggest to keep a close eye to the strong resistence level we have around 0.786 Fib level...

Alep12

NZDUSD broke an important trendline so now it's possible to see a change in trend and aim for a nice Long position. We wait for the retest of the area which is also close to 0.382 Fib, if rejected we can then enter a good Long position with railing SL and a top TP around 0.71708, which is the previous highest price for this pair. Good luck everyone!

Alep12 Updated 

NZDJPY finds itself between two nice Support and Resistance levels since beginning of December. Now we can wait and see if it breaks the Resistance level at 74.00, if the zone is rejected that would be a perfect entry point for a short position with final TP close to 73.20. Let's see how the price develops on Monday ;)