EURUSD Shorts looking nice. Target: 1.0900
Price action has exhibited signs of indecision in the past two weeks due to the markets trying to price the highly likely upcoming interest rate cut. EURUSD had pushed up to make new 3 month highs around 1.1400 where i consolidated for a few days before heading south. The pair then found support around 1.1200 and has pushed up slightly since. I am currently...
The loonie is currently showing signs of exhaustion after an extended drop towards the 1.30400. Price action has repeatedly spiked towards the downside only to suddenly reverse. Looking for a possible breakout from the descending wedge formation to retest the trendline resistance. We may see further upside if the bulls manage to break through this trendline....
EURUSD might be ripe for a pullback from the 1.1400 key level. Last week's candle closed showing signs of rejection from this level along with further signs of a loss in bullish momentum on the daily and 4h timeframes. A pullback is overdue on this pair. Will be monitoring to see how price action plays out.
The Pound-Yen is now in an overall uptrend after breaking daily structure. I am currently awaiting a pullback to form our first HL after which I will be looking for possible entry opportunities to flow along with the overall strong uptrend. It might be tempting to trade the retracement but flowing with the overall trend generally results in better quality high...
AUDUSD is currently bouncing around on a daily level of support. Price action has reversed many times from this level. Adding our confirmations is sellers exhaustion on the previous daily candle's closure. The risk to reward on this setup is looking good. Long position opened at 0.70750 with a 20 pip stop.
USDJPY has slowly recovered from the lows of the flash crash. Price action has pushed up to 112 where we have a daily level of resistance. Some clear signs of exhaustion on this pair are now evident after a long bullish push lastweek. With proper confirmation , i am looking to short USDJPY at 111.950/112. This is a counter-trend trade with a downside target of ...
NZDUSD broke bearish market structure, retraced 78.6% of the move and found support at an area of confluence. The market has maintained a sequence of higher lows in a triangularly shaped consolidation range. If the bullish structure is maintained our projections for the next bullish push are 0.70400 followed by 0.71907.
I see this pair making a retracement before pushing to 149 weekly level . All timeframes are currently showing strong bullish momentum, however we could see some minor retracements to continue the overall bullish market structure.
EURCAD is in a downtrend / bearish channel. Price has traded close to a level of daily resistance that has been rejected multiple times. Looking for selling opportunities on lower timeframes if this level is rejected again
UJ has been in an overall uptrend for over a year now and is once again testing a key weekly level of Resistance. Look for a significant breakout from the consolidation zone followed by a restest to enter long term long/short positions going into 2019. #UJ #Swingtrade #Structure USDJPY
Bullish Flag pattern identified on 4h Chart. TP= 1.33 If Cad interest rates remain at 1.5% this will further support the move up. Monitor price action leading up to the event. Adjust your TPs and SLs accordingly. OANDA:USDCAD