With a bullish Yen, GBPJPY might retest the current channel it is in. Possible continuation of the trade if the pair breaks the support of the channel
Not so good news for AUD on the RBA interest rate decision, COT bearish for AUD and neutral for CHF. The pair might retest the key zone before heading lower.
Based on the COT, CAD is hinting bearish upcoming strength while GBP remains neutral. The GBP started to have a bullish run, combined with the CAD bearish potential, this pair could break the current triangle pattern to the upside. I always remain a little more conservative, expecting the pair to fall a bit more before running to the upside.
COT for CAD is still hinting upcoming bearish strength while JPY is showing bullish potential. The pair formed a double top pattern around the 107 level showing nice movements of rejections. I expect the pair to grab more liquidity around the 0.38 fib retracement from the last high before dumping,
COT Report hints upcoming bearish strength for the EUR and bullish strength for the JPY based on the latest updated during the last week. EURJPY seems to be currently ending its bullish run on the 1H TF having two big rejections at 140.70-140.80. I expect the pair to grab some liquidity before dumping.
I believe that the expected increase in rates from the BoC tomorrow has already been priced into the pair, I opened a sell limit around the 0.618 fib retracement considering the volatility that might happen tomorrow. COT shows bearish strength increasing for CAD while CHF remains on the bullish side.
Price is showing rejection to the bullish strength. lower low and lower high formed on the 2-4H timeframes, I expect a last retest to the current resistance before making another leg down.
Solid bullish breakout of the range, gold might retest the breakout zone before making more moves to the upside
Tomorrow is BoC interest rate decision, with that I expect volatility for the pair which could trigger our entry on the key level above the current price.
Strong 4H resistance in the 0.937 level, with a bearish strong candle at 1H, expecting the pair to retest the bearish candle before gaining momentum to the downside
Trading in range on the 1D, GJ is currently under a short term bearish trend, seeing a bullish triangle forming on the 15Min timeframe, price may try to test the downtrend upper limit gaining liquidity from impatient longs to advance another leg down
Bearish structure on the 4H TF met bullish structure in the 1H TF, price is likely to retest the bullish trend support before pushing further to the upside
Divergence on RSI and bullish structure on 1H identified. If it breaks the bullish structure, a move to the downside is probable.
Uptrend momentum price got rejected by strong weekly resistance, downtrend starting to form with confirmation of MACD on the 4H chart
The pair is currently on an ascending channel, however it reached the top and a strong doji rejection candle gives a short opportunity, can be a good opportunity if the bearish movement confirms its strength, that is why the trade order is set to open if the price moves under the peak part of the channel
The pair respected the ascending channel on the 4H candle chart, the bullish momentum seems to still being strong. Based on the uptrend going on, this is a conservative swing trade with a 1.5 ratio of reward. Enter after the confirmation of a new high at 105.440 SL at 105.150 TP at 105.900
Heavy rejection at the 1D resistance, the price closed below the uptrend channel giving a good short signal and the price is sitting at the demand zone. Downtrend confirmation is required before going short, if the next 4H candle closes in or below the demand zone there could be a good short entry opportunity: Entry: 0.66190 SL: 0.66518 (Return to the bullish...
Volatility is high on this one, post and pre market gaps are huge here making the price fluctuate at a wide spread, however there´s a clearly ascending triangle formation concluding and the resistance around $108 won´t hold much longer. I identified the upcoming resistances after breaking the triangle: 111.68, 115.63, 121.9 and 134.23. Another crash of the stock...