The pair looks to have closed sharply to the downside with a bearish engulfing candle.
However we are only observing price respect the lower channel and establishing a third touch of the descending channel.
We will be observing for further confirmation for a short term buy to the 0.64000 area before we reverse to the downside.
However, If price does break the...
The pair closed beautifully on the weekly.Due to the nature of GJ we are anticipating a potential head and shoulder pattern so we are looking to swing short to the 149.000 support before a potential run to establish the right shoulder.
But overrall for the week we are looking for opportunities to short the pair as we have further confirmations in the lower timeframes.
Price looks to be descending to establish a third touch on the ascending channel.
We are anticipating one more leg to the upside to complete the third touch of the channel and then a sell off to the 100 area.
Also expecting a fakeout on the larger pattern so we will be looking to sell on confirmation of a candle or pattern.
The pair has impaulsively broken an important area of value with a beautiful bearish close on the D1.We will be looking to swing short to the 14.39 level.
The pair looks to have closed bullish on W1 and also looking at the last leg of the channel.We will be looking to swing long after potential break of the area of value which is most likely to do so after an overall weekly bullish close and potentially towards the 14.000 area.
GU looks to be showing short setups on most timeframes and as you know, a pattern within a pattern just increases the probabilities and the added assurance of a trade. Looking forward to sharing more setups as per my own ideas.
A Head and Shoulder Pattern is seen to be completing on the 4hr TF on USDCAD. My anticipation,for a reduced risk entry, we will be looking for a long entry on the breakout of the Head and Shoulder pattern or a long market execution right now for a risk entry.
The pair also looks to be in a corrective phase after the previous impulse to the upside meaning we...
EURUSD showing signs of a continuing Impulse to the upside after a confirmed double bottom on D1.
We are looking to continue with a long position.
Today being NFP I would advise a hold on any trades until we are past NFP then look for a confirmation on long position for EURUSD.
A Descending channel is seen to be forming on D1. We will be looking to sell after price breaks 134.457, With our targeted Take Profit at around 127.000.
