EA currently showing good strenght at resistance level, and RSI shows it´s overbought.
AUDUSD recently broke through the resistance trendline for the down-trend. We can also see that price is now way above the 200 Moving Average which indicates that this can be a breakout/a new uptrend. After yesterdays sessions, we saw that the pair is a bit oversold, but price didn't react relative to this. We will wait for price to retest the broken resistance,...
UC touching 100MA, might breakdown from this. Resistance has shown good strength.
CJ is touching supporting trendline inside its bullish channel. I im waiting to see whether or not it is enough strenght for it to hold onto the support, or to breakdown. This is my expectation for both scenarios.
NZDUSD broke out of its channel, and seems to be creating new support on previous resistance trendline. Im waiting to see if it can hold onto this new support, and break out on the smaller TF trendline resistance. This could also turn into a short opportunity if the support can't hold.
EURUSD is currently in a bullish channel, and is closing in on the supporting trendline. Im waiting for it to hit this trendline and get rejected indicating the bulls are not done.
UJ broke out if its bearish channel, now we will have to wait for it to test the new support. If it shows resitance on the new support we could get a long strategy. May also break the new support and enter it's channel again. If this happens it will be an awesome short strategy.
Be careful, set your stop loss, EJ is currently in a healthy uptrend!
Left shoulder and head perfectly formed.
EURCHF rejected at support inside zone. Entered long.
EA bounced once of the support, and now its looking to retest. This could go either way, but i will be having my eyes open for a long entry here:)
AU is hitting strong resistance, and i think this is a good short setup. I will be keeping a close watch though, as this might be a zone-break followed by a retest on the upper side of the resistance, creating support.
AU will retest the new support, top of pink rectangle, and or the lower trendline. At this point price may break below the new support, indicating a short opportunity, or it could bounce off this new support, indicating a new upwards trend, and a good long setup:) If it bounces and setups for a long, be careful when price hits resistance (top of rectangle)!
CJ broke current resistance, creating new support. We can expect a new spike after the weekend:)
GA touching lower trendline (Support) nicely and is showing signs of strong support. I expect to see some rallying the next days/ few weeks. Be careful though as we are under the 200MA, that may indicate less bullish volume!
AU was rejected on the resistance trendline, and is showing some bearish strenght. Looking at a smaller TF I see that it's hitting support trendline and showing some strenght on this level. We may be inbound for a breakdown on the AU as it has way more room downwards. If it breaks the smaller TF support and bulls fail to bring it back after a fakeout, AU will crash hard.
GJ hit broke through a longterm high recently. now it's trying to retest this broken trendline as a new support. It's also retesting a smaller timeframe supporting trendline. I'm waiting for a rejection at both of these lines before going long.