Hello Traders, Possible re-entry on USDCAD here for another sell position. Downward trend line touch and also rejecting the resistance level. Would like to see the trend line reject and also see continued bearish price action. Thanks all,
Hello Traders, On AUDJPY today we've seen a rejection of the 50% fib level followed by a sell off. This indicates that price is going to start moving to the downside. We have also seen a slight break of the upward trend line, which if we get confirmation of the breakout we can look to sell.
Hello Traders, We have seen a huge rally this week to the upside on EURUSD. Currently we have had a pullback to the 61.8% fib and also a new trend line which is acting as support. If we bounce from this level then we can look to enter a long position for continuation upwards. Thanks all,
Hello Traders, On USDCHF we have a break of the bullish trend line. We will need to see some sort of retest of the marked zone (breakout zone) before entering any sell positions. If we do not retest this zone we can look for other entries as the bearish pressure continues. Thanks all,
Hello Traders, On EURAUD we have seen a break of the bearish trend line. Price has come back to test the support and the breakout area. We can look for buys around the current price if we see the correct price action. Thanks all,
Hello Traders, On GBPUSD we have broken the downward bearish trend line. We have seen an impulsive move to the upside. If we see a retest of the breakout zone we can enter a buy position with our stop loss just below the breakout area. Thanks all,
Hello Traders, On EURGBP we have a triangle pattern with a downward trend line closing in on the support level. I anticipate that price will break below the support level. We can enter at 2 points: 1) If we retest and reject the trend line again. 2) If we break the support level and enter on the retest after the breakout. Thanks all,
Hello Traders, We have another entry level for AUDJPY trade. We've seen rejection from the support level and price continue to push to the upside. Just would like to see a break and a higher high set. Thanks all,
Hello Traders, On GBPJPY we have a break of the downward trend line. We have retested the breakout area (red box) which we have seen a bounce and continuation to the upside. If we can get a retest of this area we can enter upon further rejection. Thanks all,
Hello Traders, We have a new pattern forming on the H1 time frame for EURUSD. We have already caught the first move to the upside on my previous analysis. On the H1 we have a bullish channel forming. Currently testing the bottom support line. We may see price retest the support zone marked in red before entering long. We must await for the right price action...
Hello Traders, On AUDUSD we have a break of the downward trendline. We also have a break above the resistance zone... Which has now turned to support. If we bounce from this current level we can look to buy this pair. Thanks all,
Hello Traders, On NZDCAD we have broke our of the bearish trend line after seeing a double bottom. Currently we are sitting on the next level of resistance which needs to be broken before we will enter any buy positions. If we see continued bearish momentum we can enter a sell position because the downward trend is still in play. Thanks all,
Hello Traders, On AUDJPY we have a break of the H4/H1 downward trend. We have also broken above the resistance zone which I've marked. Thanks all,
Hello Traders, On USDJPY we have a consolidation area forming. Based on my previous analysis I expect price to break out of the upward trend line. We have touched the resistance level almost 4 times and still no break. If we close below this time and bounce from it I will enter a sell position to hold through the breakout to the downside. Thanks all,
Hello Traders, We have reached the top of the channel on CADJPY and on a resistance level. We will need to wait for rejection of the resistance and the top trend line which we can look for on the M15/M30 time frame. Obviously if we see a break above then this trade is invalid. Thanks all,
Hello Traders, On USDJPY we can clearly see a bullish trend on the hourly time frame which has been in play for quite some time. Currently we are trading at the resistance level, marked in red. This level has been tested and rejected once already. We are now testing it again and we need to wait till we see a break and a retest to enter a buy or a bounce and...
Hello Traders, We have a break of a bullish trend line which we have already seen the retest of the breakout area, and resistance area. Current market structure is forming a downward trend. I have marked on the higher lows and lower lows forming. If price bounces from this resistance level we can look to short. Thanks all,
Hello Traders, We have a break of an bullish trend line on the hourly, M45, M30 and M15 time frame. Price has come back to retest the breakout area, which has been marked with a red zone. We have already started to bounce from this level but if we continue to reject it we can look to sell. Thanks all,