Bulls are currently in control of AUDUSD, but DT (Double Top) line mentioned in the chart is where I would be looking for short opportunity.
EURNZD has dropped massively and failed to hold on the recent support level last week. The price has been stalled for now, creating a flag pattern in 1h chart. Break of this pattern would trigger the short trade for me.
USDCAD has reached to a daily resistance level and has been rejected to break it up.
The recent North Korean fiasco has pushed the USD down from the cliff and other related pairs have started gaining buying momentum. NZD has recently respected the daily support level and shoot up after today's North Korean drama. The price on NZDUSD is likely to retest the daily resistance level and have potential to have further upside move. I'm waiting for a...
Price recently has respected a key daily resistance level and has given me reason to entry.
Price has reached to a key daily support level on USDCHF. Even after news went against the USD on Friday and price has failed to close below 0.95508 level. If we see some bullish evidence from here the price is likely to travel at 0.96164 or even up to 0.97429 level, which hold key daily resistance levels.
The CADJPY trade which I took last week hit the SL today after a massive fall. The outlook has been shifted on selling CAD since the price has broken a major daily support which turned into resistance now. The price has formed a flag pattern now and a break of the pattern would activate my sell on CAD.
Entry: 1.25070 TP: 1.24503 SL: 1.25637 Risk/Reward: 1:1
4H chart retested. Entry: 87.575 TP: 88.046 SL: 87.104
EURUSD has just broken a key daily resistance level, which now became a support. Price has extended high after Friday's news events and the price is most likely to run to the next level, which is 1.20398. This is the next daily resistance zone lined up with 1.618 fib inversion ratio. It is time to wait for the price to come at 1.18234 daily support level and look...
Price has reached to a daily support level and as expectedly the pair is having some reaction and making a move to the north. The red dotted line is the daily resistance level similar kind of reaction is expected to the downside as the pair is still in a heavy downtrend, but breach of the resistance level could mean the shift in trend.
Price has been stalled after an impulsive move on GBPUSD. The pair is in heavy a downtrend and have room to go further down. Now time to wait for the break.
One more drop on the USDCAD
Resistance is likely to be respected again.
Still no confirmation for a downtrend on 4h chart
The blue dotted line has structure and 127 level fib extension confluence.
Watch out for the big news event on GBP in a few hours.
My bias is long for EUR/JPY this week.