OANDA:EURUSD trend is down Trade in the direction of the trend Short entry above 1.163 Stop loss: 1.166 TP1: 1.154 TP2: 1.146
Considering to short at one of the resistance lines. My gut feeling for this pair is downwards.
OANDA:USDJPY is again at the crossroads. Long-term direction is unclear, this pair is moving sideways. Short-term outlook: Long target 111.5 Short target 109.8
Breakout target 113.1 (stop loss 111.16) Breakdown target 109.8 (stop loss 111.78)
I will be waiting on the sidelines until the OANDA:USDJPY chooses direction.
OANDA:USDJPY has fallen back under the major resistance, probability of down trend is increasing Setting up for short position, target 105.600, stop loss 111.400
USDJPY consolidation might end soon, new direction is to be confirmed by MACD crossover
This scenario will be evaluated again later. Now, waiting for OANDA:USDJPY to reach the support line.
OANDA:XAUUSD testing major support Waiting for MACD crossover... target 1355
OANDA:NZDUSD watching for a potential long entry
USDJPY retesting strong resistance levels. Breakout seems unlikely...
Closely watching OANDA:EURUSD for direction confirmations
Where does OANDA:USDJPY want to go from here ? I'm getting ready to enter short, as well as enter long, depending on the breakout move...
OANDA:NZDUSD might fall down to test the long-term support (target 0.675) or reverse upwards to test the SMA 200 (target 0.712)