EURJPY - Long Trend Swing
Pros;
Weekly & Monthly - clear bullis breaks of resistance -BULLISH
- Linear trend with strong bullish momentum
- All 3 emas above eachother, 8, 21, 50 & price above these
- Tight box range, potential continuation of the strong
bullish pressure after compression
- Daily: Doji at resistance turned support
- Good RR of...
USDCAD - Long Trend Swing
Pros;
- Monthly - Doji at support level, possible breather before continuation
- Weekly - clear break & retest of res/sup level
- Daily; - Break of key res turned support
- doji @ TL/Support cluster
- HH's HL's linear up trend
Cons;
- Nearby monthly TL level
Manage position daily
NZDUSD - Short Reversal
Pros;
Monthly - Shooting start at resistance then bearish 2 months
with clear space until key support
Weekly - Space down until TL bounce/ break
Daily - H&S over the past several weeks then strong move down
- Breakt & retest of TL & 200MA - with Doji at this level
- US Dollar Strength - DXY
Cons;
- Nearby support level
- Fakeout of TL...
EURJPY - Long Reversal Trade
Monthly - Room to the upside with 4 preceeding months of indecision candles
Weekly - Breakout of Wedge to the upside
Daily - Break & retest of box rane, Resistance level, 50MA
Price making HLs LHs
GBPNZD - Short Reversal Trade
Pros:
Monthly - Below key support level - new all time lows made in past 2 weeks - Bearish
Weekly - Doji after pull back weekly candle, at support turned resistance
Daily - 5 indecision candlesticks at resistance zone;
- 0.618 fib retracement/ resistance level
4hr - Double top
Cons:
Pull back further to past monthly support
EURNZD - Short Reversal Trade
Monthly - Bearish trend in play with recent break of support zone
Weekly - Double top then gradually moving down
Daily - Break & retest of sup/ res zone
- 4 indecision candles, Dojis & High test
- 4 hr - LL's & LH's with price sqeeze
USOIL - Short Reversal Trade
Monthly - space until key support
Weekly - Double top formation
Daily - Bearish reversal price action;
High test @ Resistance cluster;
- 50MA
- 0.382 fib
- Resistance level
Potential short setup on Cable, price is currently pulling back but could find strong resistance at the Fib retracement 0.5/0.618 and resistance cluster...
