Deut0818

Deut0818

USDCAD short and long opportunities

Deut0818

USDCHF pullback

Deut0818

Still bearish on this pair based on a number of factors... CAD unemployment report tomorrow could give the needed push

Deut0818

Retest of the trendline and bearish engulfing candle

Deut0818

Watch smaller timeframe for bearish pattern

Deut0818

If the megaphone pattern will break down rather than up, we can look to sell the breakout

Deut0818

Look to sell at the 61.8% retracement level

Deut0818

Breakout in AUDUSD after rejection at the 61.8% fibonacci level

Deut0818

A potential Head and Shoulder pattern at the 200 - period EMA could give more downside in NZDUSD. For confirmation, stochastic is overbought and 50ema is below 200ema

Deut0818

With Stoch being overbought, RSI below 50, and the 50ema below 200ema, this looks like a good sell setup if we get a rejection at the trendline.

Deut0818

With the Stoch being overbought, RSI below 50 and 50ema below 200ema, this looks like a good sell setup if we get a good rejection at the trendline.

Deut0818

79.23(50ema) looks like a good place to expect a sell... stochastic is overbought, RSI is below 50, 50ema is below 200ema and there's a minor supply zone at that level

Deut0818

Expanding correction outside of the wedge should give entry for more upside movement

Deut0818

Technical analysis

Deut0818

A retest of the broken trendline saw EJ form a double top; a pullback should see the bearish continuation

Deut0818

Based on a retest of the trendline in the uptrend, a buy is expected.

Deut0818

We have a buy confirmation if the price breaks above and retests the current resistance

Deut0818

Pullback to the resistance turned support, a buy to the right shoulder of a potential H&S pattern, and a sell