Wait for confirmation and enter the trade on a lower time frame
NZDCHF SELL after retest of trend line and shooting star created on hourly
After seeing the formation of the candles we can assume the market will rise
Sell after retest of the trendline. Also GBPUSD correlates with GBPJPY and we see a sell on that so this could drop more heavy.
USDJPY is coming upto a strong trendline which has held for years. We look to place a sell trade on touch of this trend. REMEMBER TRADE AT UR OWN RISK!!
We can clearly see that the market is descending and will be waiting for a clear breakout before entering the trade.
H&S pattern forming, you could wait for a retest of the support if u feel worried about a trade like this. TRADE AT UR OWN RISK!!
As you can see the market dropped accordingly to the H&S and it's coming back for a retest. You could enter the trade here but just be aware that the trend line has been holding for nearly a year, giving us reason that it could be a retest. Also the RSI has recovered after dropping heavy, showing us that the market is not over sold.
As you can see the market has just entered an area of strong resistance. What to look for now is a break of the trendline which could be called for confirmation and then enter the sell trade. Also the RSI shows that the market is overbought giving us more incentive to enter the sell trade. ALWAYS WAIT FOR THE CANDLE CLOSE AND TRADE AT YOUR OWN RISK!!
After seeing heavy bearish pressure we have come along to a trend line and resistance line retest. After seeing the rejection it's showed after the touch i believe GBPUSD will start having bullish pressure again. The RSI is also below 30 giving us more of a reason to enter the trade.
EURUSD has been receiving strong bullish pressure recently, however is has just come across to my trend line which could show reversal. Also there is a SR line nearby which could be a retest for EURUSD to drop down again. With all of this in mind I believe EURUSD will have bearish enter into the market. PLEASE WAIT FOR CONFIRMATION BEFORE ENTERING THE TRADE!
AUDNZD has been bouncing around in this area for quite some time now, however, it's just broken the trend and has been dropping ever since. It's just entered my zone but the candle formed is a doji. With this information i can presume that the zone will be retracement and AUDNZD will start having some bullish pressure enter the market. Also, I would advise looking...
NZDCHF has been receiving heavy bearish pressure these last few weeks and is about to enter a zone which could either show retracement or a breakthrough. I'm going to be waiting for the break of the zone and confirmation on a lower time frame. We aim for the next SR which would be the lowest it's ever been.
AUDCAD has been receiving heavy bearish pressure these last few weeks and has entered a zone which could either show retracement or a break. As we can see the latest candle is a strong bearish candle. With that we can presume that it will break through and drop to the next SR. When entering this trade i would advise waiting for confirmation from a lower time frame.
GBPUSD had major bullish pressure yesterday and has reached the top of the pennant. We could see this pennant break and head upwards with news such as Brexit coming into the fold. Brexit will be announced tomorrow and we will hopefully see more bullish pressure entering the market.
Gold has be sustaining bullish pressure for about 2 days now. What to expect for Gold is either a push from the top trend line of more retracement to the bottom trend line and then a heavy push upwards. Keep in mind the more Gold drops the volume it could produce on the reversal.
USDJPY has just broken a trend line on the 4H time frame. What to expect now is some retracement of USDJPY to enter the zone or retest the trend line and then drop again. If u missed this trade you *Might* be able to still enter.