QDX_Nickwhitley

QDX_Nickwhitley

Price is having a hard time creating new highs and bears may step in soon to take control. At this point it could go either way and I will happily stay out of the way. visit us at blackorchidfx.com! For some good reads visit our blog at www.blackorchidfx.com If you'd like to contribute, please submit all blog posts to contact@blackorchidfx.com

QDX_Nickwhitley

NZDUSD is approaching support that hasn't been broken since 2009. We can expect a strong reaction around this level whether it's bearish or bullish. Commercial traders and large speculators seem to be trading at extremes which could cause a change in sides. I will be looking a good entry near the support level. visit us at blackorchidfx.com! For some good reads...

QDX_Nickwhitley

Price is currently in consolidation. Recently broke above the 50-EMA, if we don't see price move back below the moving average, we could see more short-term upside. visit us at blackorchidfx.com! For some good reads visit our blog at www.blackorchidfx.com If you'd like to contribute, please submit all blog posts to contact@blackorchidfx.com

QDX_Nickwhitley

I'm seeing more potential upside than downside. Price is currently at a strong support level and has lost a lot of downside momentum. I wouldn't look for an entry until price trades above the resistance zone. Until then I'm staying neutral.

QDX_Nickwhitley

Price recently entered into a strong support zone, then immediately traded back out with current price at a retest. Commercial traders seem to be at a potential extreme net long and may begin taking more shorts. I want to see the retest hold and the 50-EMA broken before I think about taking a long position.

QDX_Nickwhitley

We are waiting for price to break recent highs to get involved. We see commercial traders having less net long positions, which we look to trade against them. Price has some pretty strong support beneath it so it's likely to begin to reverse.

QDX_Nickwhitley

Price is currently in an accumulation phase and we may see a spike up or down.

QDX_Nickwhitley

Price is currently trading inside a wedge at a very strong resistance level. I'm wanting to see a break to the topside with a retest for a long position.

QDX_Nickwhitley

Based on current price action(wicks and bodies) we can expect a potential break of the lower trendline.

QDX_Nickwhitley

Price is currently in a descending channel, better seen on the 4H timeframe, located at the lows from 2016. We can see some bullish potential if it breaks to the upside of the channel. I'll keep my eyes on a long position if we do get a decent break.

QDX_Nickwhitley

Currently price is respecting the 50-EMA while in it's downtrend but is approaching strong support. Eventually price will have to break either of these respected levels, which can provide a trade opportunity in either direction.

QDX_Nickwhitley

UJ was previously trading within an ascending triangle, which it has recently broken to the downside from. If price trades back into or above the triangle we can see more consolidation or an upside move. If price makes a solid move past the closest support, we can expect to see more new lows created.

QDX_Nickwhitley

Now that the US Dollar is starting to show weakness, we can expect EURUSD to have some bullish moves. I'm looking for price to break the trendline and enter the buy zone. To enter I want price to break to the topside of that buyzone.

QDX_Nickwhitley

I entered a buy at the end of the week on the break of the highs. GBP has a bank holiday at the beginning of next week so I'm expecting a big move from traders not being able to put in their trades.

QDX_Nickwhitley

If price breaks above the current level, we can see a continuation of the bullish trend. We can expect some pullback but will stay bullish unless lows are broken.

QDX_Nickwhitley

It looks like price may not have enough steam to break the latest high. If it can't I have no doubt that it will break the lows and continue much lower. If the high gets broken then we can look to enter on a retest.

QDX_Nickwhitley

After a long wick showing rejection at support, followed by the absence of a bullish move, I'm expecting price still has some bearish motivation. I wouldn't be surprised by a slight pullback this week.

QDX_Nickwhitley

I believe price is ending it's recent pullback with that long wick testing right on the MA, showing rejection of higher price. I'm looking for price to at least make it to the support zone.