EurAud is showing a nice double bottom for a swing trade. It just tested major support and is soon to be flying back up. The pair has divergence on all time frames. I've marked up all zones it needs to break through and can be used for added positions.
Has an Inverse Head and Shoulder and is respecting support of trend line. Expecting it to push up and complete the pattern. It has one zone to break and once that's broke, it's gone. But, expecting a 50 pip move upward.
On the daily time frame we see quite a few confirmations for a nice looking swing trade. Head and Shoulders with a break and retest. We also see some divergence on RSI, which is strong on the daily time frame. Another confirmation we have is Fibonacci retracement up to the 38.2 possibly meaning a strong drop over the next few days.
AUDCAD forming a nice head and shoulder on the four hour time frame. Forming a solid down trend attacking a 10 year low support zone. The drop will take some time to play out but looking at possibly 330 pip drop and counting. Only has a few recent support zones to push through for the move to play out but looking like a nice bearish move.
We see GBP CHF forming a nice little head and shoulders with the head testing a top Bollinger band on 30 minute. Waiting for it to push through some supports. Once we see break and retest of the trend line we will get a nice short entry. May take a day or so to play out but looking at around 130 pip drop.
Chart shows a bullish pennant with a break and retest. Market is overall in UpTrend as well. So, should be pushing up a good amount of pips within next few days to reach the previous highest daily resistance. This analysis has worked thus far confirming buys for me on 1 hour with "W" at the lower lows. All in all USDCNH looking long here
