Tested and rejected a major level. DXY reversing. Dollar looking weak at least for the next few days. Moderate target here of RR 1:2.92. Because of late entry I am only entering half the volume I would usually use.
Shorting CADCHF... Trendline, 61.8 FIB, Bullish USDCAD....
Possible intraday long for CJ. 61.8% Reaction... Trend Line liquidity as well as a retest due for the weekly support before further downside.
Short on AUDJPY after a successful break, 4hr close and retest of consolidation box
I will be waiting for a clear close outside the box and then a second candle to close outside the box. Then wait for the re test and enter.
1:3 RR trade down to weekly level.
Possible rejection to the upside. If AC can close above the weekly we should go back up to our daily levels.
Nice shorting opportunity as price currently shows a rejection of a key level and re-test of the daily trendline. Lets see how price plays out and if the market follows my analysis.
Possible bounce off the previously respected trendline. Nice RR here. Lets see if this trade plays out.
Classic trendline break and retest pattern. RR at 1:3
Taking a small scalp to my designated buy zone. Double top and trendline rejection followed by new bearish momentum. Minimal Risk in case this does not work out.
We can clearly see a break of trend followed by a very clear retest of structure. A new lower high has formed and I see a few other other confluences as to why to short this.
We are seeing a nice possible rejection of the bearish trendline as well as some exhaustion following the news release. Could this be our new new Lower High forming? Lets wait and find out. Low Risk - High reward.
All the signs are there for a nice trade down. Break out, retest, lower high and short time frame trend line resistance. I will be entering now with my stops in place. This trade directly correlates with my DXY analysis and I see a new burst of strength for the greenback.
Trying to keep risk as low as possible. Bearish signs after some short term bullish momentum. If price manages to make a new high I will be out of this trade but the current resistance level has proven very strong in the past. I won't be devastated if the trade does not play out as the SL is extremely tight. (7 pips)