CHFJPY sell call due to - Bearish Divergence - RSI is in upper region which is also suggesting sell of CHFJPY
AUDCAD long call due to - Bullish Divergence - Expected retracement from strong Support
Long call for EURGBP due to - Dow Theory - Break of Structure (BOS) - Rectracement from 0.786 fib. Level
Short call for EURCAD due to apprearance of Bearish Flag Chart Pattern.
Breakout of parallel channel & then retested the trendline.
Breakout of triangle patten & then restest the horizontal resistance at 4 hr timeframe Fall of gold is inevitable.
GBPJPY Short Call based on 1. Divergence at 4HTF 2. Price action/ candle stick pattern
USDCHF Long Call based 1. Dow Theory 2. Retracement from 0.5 fib level 3. Movement within a channel 4. Bullish Divergence
GBPUSD Short Call based on Dow Theory + retracement from 0.618 fib level
Following Dow Theory, bearish trend, formed lower low and correction is anticipated. Bullish divergence is also formed which shows correction is expected. Aggrresive entry at current value, however, matured entry can also be taken upon retesting the trend line after breaking it.
NZDCHF Long Position based on dow theory plus bullish divergence & expected retracement at 0.618 fib level
EURCHF Long Position based on bullish divergence & price action movement in a channel & a upcoming strong support
EURNZD Short Position based upon dow theory along with bearish divergence
Bullish Bias: 1. Bullish trend i.e. HH & HL as per Dow Theory 2. Retesting 0.618 fib level 3. Retesting ascending trendline Bearish Bias: 1. Bearish Divergence 2. Formation of double top chart pattern Conclusion: 1. Trend is overall in bullish trend, however, trend reversal is expected due to double top formation and bearish divergence. ...
EURCHF Bullish Trend Breakout of falling wedge, retested the trend line along with mitigation of bearish divergence
EURCHF Bearish Idea Bearish Divergence + Movement within wedge
EURNZD Bearish Idea Retesting trend line + price action