Selling EURGBP here as we see a head and shoulders pattern has formed, with a break of the neckline and re test with multiple wick rejections.
Daily RSI showing oversold, bullish divergence, and break and re test of the descending trend line.
Selling USDJPY here as we can see a break of my ascending trend line and now a re test. Also tapping my moving average.
I am buying EURJPY here as we can see it did briefly break our ascending trend line, however price came straight back up above it, we can also see price broke through our descending trend line and has now come back for a re test of the ascending trend line, my entry is 120.310 with a stop loss of 119.900 and a take profit of 121.300 :)
I am buying here as we can see GBPJPY initially broke my trend line, however it failed to continue is bearish momentum. Now it has come back up through my trend line and is having another retest, it also lines up with a strong wick rejection zone. My entry was 132.839, stop loss 132.400, take profit 136 :)
We can see USDCHF was in a previous downtrend, i believe it has come to its end and is now reversing, we can see the bullish engulfing candle in my highlighted area completely engulfed the previous 2 candles indicating buyers have taken control, its also looks the forming a ascending triangle pattern, i am expecting a break out of this before a re test to my...
EURUSD looks to be forming a descending wedge pattern after a previous strong uptrend, i will be buying at my highlighted area as price would have tapped into my trend line for the 3rd time before continuing its uptrend.
Here we can see EURUSD forming a descending wedge, I will be waiting for a breakout to the upside before entering long :)
We can see here NZDUSD forming a head and shoulders pattern, i am entering a short here and its reached a peak for the right shoulder, which also happens to tap into my trend line for its 3rd bounce, entry was 0.64650 with a stop loss of 0.64850 and a take profit of 0.64050. Good luck :)
EURUSD looks to be forming a head and shoulders pattern here, i will be waiting for price to reach the 1.35 area before entering a short, my target will be the 1.10 area were the major resistance will then act as a support.
AUDCAD seems to be trading within this channel, its has tapped into my trend line for the 3rd time so i will be selling here, however my overall bias on this pair is long as it looks to be forming a bull flag, my entry is 0.93855 with a stop loss of 0.94050 and a tp of 0.93000, good luck :)
I am buying AUDUSD here as we can see multiple rejections of the highlighted area, also a dragonfly doji candle formed after tapping into my daily trend line for the 3rd time, followed by a strong bullish candle. My entry was @ 0.68632 with a sl of 0.68300 and a tp of 0.71950. Good luck all :)
We can see GBPJPY forming a nice head and shoulders, i would like to see price come down to test the trend line before going long again.
We can see a lovely double top forming on the daily time frame, also a very clear head and shoulders pattern forming on multiple lower time frames, i am shorting this too 0.85500 :)
As a follow up to my previous EURGBP short where we took it all the down from the right shoulder currently floating in 120 pips if you took the trade, i am expecting a break through the neckline where i will be waiting for a re test before entering another short down to the 0.87000 area.
AUDUSD looks to be forming a rising wedge pattern, i am looking for a breakout and re test before entering.