In my previous idea , I was looking for a potential sup/res by symmetry , now we will expect selling pressure .It seems that this pair will fall steadily in the this month note on the chart ========================= Previous Analysis
as the market continued to hold below near-term resistance at 0.9261.so we want to look for selling opportunities ,whilst the market is contained below 0.9261
NZDUSD reached the lower band of its rising channel and now we expect the bulls to gain the upper hand here and the push the price up. Risk of shorting the kiwi is extremely high and we think if the bulls can break the descending channel, kiwi will rise to the 8750 - 8800 area.
The AUDUSD pushed higher again today and trend are clearly bullish ,i'll look to buy signals on a retrace back to support to rejoin the uptrend.targeting 9430 and 9450
The price is the upper band of a trading channel in the Daily Chart and a powerful bearish AB=CD ( or N pattern) has formed on the upper band of the channel and it is accompanied by a Rejection bar. we will expect selling pressure As long as the market keeps holding below 4819-4859 on a closing basis we remain bearish biased on this market.
The USDJPY reached the higher band of its rising channel, I expect the bulls to liquidate their long positions and thus will seek shorting opportunities and being a long here is not recommended , Bulls can look for a breakout pullback setup above the channel
The EURAUD is in a trading range right now between1. 5168 support and resistance up near 1.5533 and if this recent bearish momentum continues we could see a break below that support and an extension of this recent move lower. However, if the market holds above this support , we could then see the market push higher again
Daily Breakout looking for pull back setup The Gold has exploded higher the last few days as it busted up above resistance near 1355$ that had been containing it recently. The market is obviously in a strong uptrend.watching for 4hr or daily chart for opportunities to long if the market rotates back down to support./value.
I am open to taking a small long with a tight stop.
The GOLD rotated lower today,we could see the market retrace back to value - support before the market resumes pushing higher again. Keep an eye on the support layer between about 1285 – 12955 for price action buy signals to rejoin the uptrend if we continue seeing price move lower in this market.
Today the AUDUSD formed a bullish flag pattern on the M30 chart, I'll look for a breakout pullback setup above 9040, targeting 9072 and 9100.
Traders should keep a close eye on this key support near 1.5021 this week, if the market bounces from here it could keep the market range-bound, but if the market just stalls out here we could break lower soon, continuing the recent bearish momentum and breaking down from the trading range.
Critical Resistance Zone :) I am open to taking a small short half the normal position size with stops just above the top of the zone
The usdjpy pushed significantly higher today , Traders can keep an eye out for a possible price action buy signals
fakey break out looking for sell price action's signals