EURGBP Setup - Price has the potential to complete a head and shoulders pattern and complete the move to the downside.
EURJPY Setup - price is at a value area being at the third touch of this structure + in a possible double top region. A reversal structure from this area will be a good signal to look for a short entry.
EURGBP Setup - price has created a double bottom followed by a bullish pin bar. Those are both signs of bullish sentiment and good reason to look for a long position.
USDCHF Setup - if we break structure to the downside we will be looking to get involved at the retest of structure for a short position to the key support area.
CHFJPY Setup - price has created a double bottom in this structure. if this market shifts from a bear market to a bull market we will be looking for the long position to the key resistance area.
USDCAD - last week saw buyers flood into this market. if price stays above support we have a long bias on this pair.
NZDJPY - structure remains bearish as long as price is below resistance. targets are at the key support area
GBPUSD - sell bias for this pair as long as price remains below the key resistance
GBPCHF - we will remain sell biased as long as price remains below the resistance areas. long term targets are at the key support area.
EURUSD - H4 structure has changed to a bearish structure. As long as price stays below the resistance area, we are sell bias till the next area of key support
CHFJPY - we are still involved in the position from last week. this week we can expect a pull back. If we see a corrective structure that could present an opportunity to scale into this position
CADCHF - this could be a corrective week, though we still have a sell bias as long as price fails to close above the key resistance zone
AUDUSD - similar to AJ,the H4 chart structure remains bearish till price closes above the resistance areas. We will still be looking to sell till the next key support area.
AUDJPY - H4 chart structure remains bearish till price closes above the resistance areas. We will still be looking to sell till the next key support area.
DXY - from a H4 perspective the market has changed to a bullish market and as long as we hold the newly formed H4 support levels the structure remains bullish till we reach the next resistance area where conditions could change
We can’t start the week without looking at the possible move on the dollar index. If we see a corrective pattern we might see the dollar move further to test the prior lows on the chart
Possible case scenario if we see dollar strength for the short term
Expected to test structure highs with the weak dollar sentiment