We can see Engulfing Bar, and what level it rejects. Lets see if the Bears want to continue ;)
Alright guys, the EURO vs the JAPANESE YEN is an interesting Pair to keep your eyes on this week as we can see the Bulls are currently struggling with the Resistance area. We do have a Pin Bar rejecting the last short term Support area, confirming a Lower Low. We then had a Bullish bar, now followed by two Inside Bars. If the Bulls can manage to push price higher...
Aud USD Downtrend, Short positions entered, lets see if the Bears can push this market! :)
Short opportunity coming up on CAD/JPY. This pair is currently in a downtrend on the higher time frames. Facing two Trend Lines and stalling indicating the Bears may be on the move gain! ;) Anyone else holding positions on this pair?
Short Opportunity on GBP/AUD, Engulfing Bar H1
Break of Trend Line Higher High Will the Bulls go for another push above the resistance area? Push price to another High? We are in a downtrend on the higher Time Frames, so keep that in mind ;)
CAD/JPY is currently in a downtrend. We can see the rejection of the area around 82.000 and the Bearish Engulfing Bar that followed that wind up, ended up pushing price all the way down to 78.198. Ending the week with a large Bearish EB on the daily Time Frame. If the bears can push and close below this move, we may see some momentum all the way down to the area...
Bearish EB, Stop Loss slightly above the EB. Lets find out if the Bears has more to give! ;)
We can see price struggling at this area. The market rejected this area on Thursday and formed a Bearish EB followed by a small Inside Bar at the end of Friday. I'm looking to short this pair.
If the Bears can push price lower into 1.3000 - 1.2800, I'll look to BUY this pair.
Potential for more Bearish momentum in the upcoming week. Let's see how price reacts to the area around 1.09700
Trippel Top at Trend Line, lets see if the Bears has what it takes ;)
GBP/JPY is currently in a Down trend on the higher time frames. We can see how the Bears crushed the round number of 160.000 before a retest, back down, and now price is struggling at this area once again. My bias is Bearish and I hope we'll see some good price action around this area to go SHORT