Based on my understanding currently the price is at the recent High and also Two-Touched Trendline , When the price actions shows some bearish movement I will look for short until the Daily W formation (The box below) and wait for potential buy opportunity until the top base !
AudCad , As we can see on the Monthly Timeframe it made a big impulse and currently starting its retracement ! Those green line are the FIBO level . Last week price made a " W " formation so now I am waiting for a retest around the neck line until the head area for a long opportunity !
After an impulse it has to make a retracement ! The retracement has started with a structure formed at lower timeframe!
Waiting for price to reach supply zone which confluence with the broken trendline and also shoulder level !
NZDUSD is currently at supply zone ! Wait for clear rejection for short !
CADJPY IS RETESTING THE BROKEN TREDNLINE AND ALSO FRESH DEMAND ZONE !
EURCAD is heading towards the supply zone ! Once the price reach the level then we will be monitoring price action for short opportunity .
NZDCHF , Price is now at the zone where previous support and now turn into resistance and as we can see price is moving withing the channel ! I will wait for the price to breakout first then entry on a retest !
From my view , USDJPY is reaching ending diagonal channel and also weekly and daily Supply Zone. It also confluence with the Daily resistance trendline. I will be taking a short trade at the swap zone and will monitor the price action. If the price is able to break the channel and form a new low then I will hold the trade or else I will close. Lets say if the...