ItsAdam

ItsAdam

NZDUSD approaching trendline as possible resistance and 4hr divergence is also noticeable on the RSI.

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GBPUSD Potential short with a Head and Shoulders structure forming. Targets of around 50pips will be taken first. Trade will only be taken once all confirmations are confirmed.

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Inverse H+S structure on AUDUSD with possible long.Rejection and reversal candlestick formation would be the ideal scenario to enter this trade. However, a break and retest would invalidate this potential set up.

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DXY approaching trendline with a reversal expected at 96.56.

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EURUSD potential trendline rejection as well as 1.1350 - 1.134 (zone) psychological support zone. The bearish power consolidated for a while before a final push down to near my zone which is a good indication a reversal may be apparent in the zone. This trade will not be taken unless proper rejection and my trading confirmation is fulfilled.

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Area of 1.3 had been earlier tested and rejected which brought GBP back down to test my trendline and zone. Long targets towards 1.30660

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CADCHF approaching trendline structure and 38.2% fib level.

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GBPNZD approaching trendline structure with possible third tap reversal.

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USDCHF approaching trendline structure. A rejection at this structure would build a strong case for a reversal at this point.

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Larger trend line structure has been broken and retested, awaiting for the same on the smaller structure to go long.

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Potential pullback to trend line and continuation of existing bearish trend.

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DXY is currently pivoting around 95.56. Above this area we should see long targets and a break and retest below should see DXY wipeout its end of last week gains and head back to my lower trendline.

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AUDUSD trendline has been broken and retested. Possible short below the lower low to confirm a bearish momentum and change in trend therefore looking for short targets.

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Possible Scenarios: 1) Possible long if 0.72360 zone is broken and candlestick on higher time frame closes above this (2-4hr). 2) First rejection on lower timeframes is present in the zone with a 40pip drop earlier last week. Another rejection off this zone would indicate a further drop to the lower zones.

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Break and retest off trendline structure. Potential long positions here.

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Potential short position on NZDUSD with divergence on the 4hr and nearing trendline structure.

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Continuation off trend towards the downside for EURCAD after a small pullback.

ItsAdam

Retest forming on EURUSD trendline. Potential short positions here.