This pair seems to be bashing through every support area that it comes in contact with from USDJPY current strong momentum the down side. We couldn't possibly be looking at a Daily Trendline bounce around 110.160 area. All moving averages are flowing nicely with the downtrend. We could possibly even see high 109.000 being hit something this week as well.
USDCHF Ascending Triangle Playout 4H
USDCHF - Gaining some buyers volume along with many USD base pairs. Were seeing a cross of our MA’s showing a lot about where the overall volume is headed for this pair. Seeing a nice quick pullback to a bullish engulfing is giving us a nice indication that the market just might be ready to break through the current 4 hour resistance at previous bearish open at 0.96730.
USDJPY - Stuck around a strong level of resistance around 114.360 - 114.200, but is definitely being back by tons of buyers volume. We’ve been seeing tons of struggle to pass this zone from the multiple failed attempts. You’re seeing back to back long wick candlestick formations towards this zone. We might find a bit of a pause in the market is this zone keeps...
Headed to POINT D of Bearish Butterfly - USDJPY (Based on H4 -Also Viewed on Daily) MONTHLY RESISTANCE EXPANSION PROJECTION AREA All lines up ... Lets see how this plays out #CUEFX5
All lines up for this harmonic setup. Around 117.000
ALOT OF PRESSURE COMING TOWARDS THE END OF THE TRIANGLE, AND THE SUPPORT LEVEL AROUND 111.200 IS BEING RESPECT ON THE WEEKLY SUPPORT 38.2 HAS ALREADY BEEN TESTED AND THE 23.6 AREA ON FIBONACCI IS THE MAIN FIB SUPPORT THAT WERE LOOKING TO BOUNCE FROM BACK TO THE UPSIDE. MA CROSS OVER ON DAILY TF CONFIRMS OVERALL TREND TRANSITION, SO LOWER TIMEFRAMES SUCH AS THE...
STONG LEVEL OF RESISTANCE HIT, WAITING FOR A RETEST, THEN BACK TO THE OVERALL TREND BIAS
EURO BROKE OUT OF RANGE AND RETEST NEW FOUND SUPPORT 2 HARMONICS FOUND ALSO CONFIRMING TREND DIRECTION
A bullish bat harmonic that was found on the 4 hour chart and a bearish bat found on the same chart confirming a uptrend long term. Support has been met and was respected.