MattWalz

MattWalz

After seeing price lose momentum after its pullback, I am looking for an entry to go long on GBPCHF. Price is trading near a bullish trend line along with major daily support coming in at 1.3950. I will be waiting for price action to setup an entry near support which is also last week's low. Use lower time frame confluence to enter position. Stops will go below...

MattWalz

With price in a bullish channel, we see GBPNZD trading at the bottom range gearing up for a continuation trend movement. On the 4 hour chart, price has entered a clear bullish trend making higher highs and higher lows. The 50ema has crossed over the 200ema signaling a short-term bullish trend. With the 50ema holding as support, I am looking for price to briefly...

MattWalz

Price has been in a bearish channel since December 2015. After yet another impulse leg in mid-April, price has pulled back and is heading to a high confluence zone that could setup a nice reversal if not broken. After breaking through the 38.2% fibonacci retracement, our eyes are on the 61.8% to offer further resistance.At this price, we also see a horizontal...

MattWalz

Back in February, price broke through the strong support trend line. Despite a continued bearish trend, the final days of April have pulled back in an aggressive manner. Price has pulled into an area with 3 confluences that could offer a reversal in price. First, and most importantly, price has retested the once supported trend line. Second, we see a horizontal...

MattWalz

EURUSD has respected the top of the sideways daily range by failing to make another higher high (HH). We see price currently lining up in a bearish channel forming a lower high (LH).. This LH also aligns with the head and shoulders pattern clearly seen on the daily timeframe. A break of the bullish hourly trendline could provide us a sell entry with a TP around...

MattWalz

AUDJPY Has displayed multiple points of confluence to indicate a run to lower level shorts is ahead. Trade what you see

MattWalz

We have seen multiple touches to confirm price is trading inside a channel. As bullish movement approaches the top of the range, looking for a high test candle or other price action to play out signaling a short position. Reversal at top of range, close below 61.8 fib retrace and close below small, bullish channel would provide confluence to take a short position.