Wait for a retest of the current weekly zone before buying to the next weekly resistance level 170 pips above on the smaller timeframes.
NZDUSD is at a key weekly support zone printing a double bottom pattern where we could see price move to either of our take profits.
USDCAD has been consolidating in big bearish channel from the start of 2019. Now at a key longterm trendline we could see price move over 400 pips to the channel low. 4 take profits are shown through the arrows respectively worth 70,200,300 and 410 pips hence massive potential in this pair.
If you saw my analysis of AUDUSD about 3 weeks ago I called this exact move down which you can check on this post. Now price has a chance to move up from this descending channel for a move that could be worth over 350 pips. I will keep an eye out on smaller timeframes to look for buying opportunities on this pair after some sort of structure breaks above to...
2 potential take profits on EURJPY indicated by the arrows.
Shorting GBPJPY after a retest of our daily zone where we could see price continue its bear run to our next weekly zone 200+ pips below.
EURCHF has been has been stuck in a descending channel from the start of 2018 where we have now reached a key weekly zone aswell as the bottom of the descending channel where we could see price move up over 200 pips.
USDJPY reached our downside target which I posted last week. Now we could have a short term buy worth 60+ pips if support can hold as daily close was quite bearish.
USDCHF sits at a strong level of support tested multiple times in the near past where we could see price reach our next daily zone. Enter if price breaks descending trendline. If price doesn't manage to do that and breaks below our current zone then this trade will become invalid.
I made this call last week where I predicted EURGBP moving up over 140 pips. Now we wait for a retest of the previous daily zone where we can then buy this pair again for 90+ pips. Make sure to always enter with conformation i.e. rejection candlesticks followed by a bullish engulfer on smaller timeframes. (That goes for all my analysis)
CADJPY could potentially move up to its next weekly zone 120 pips above if current support manages to hold.
EURCAD has a high probability to drop as the Euro index is also at a resistance level alongside many other Euro pairs. Both take profits are shown by the 2 arrows. (Always enter with conformation through smaller timeframes to avoid losses)
Simple bounce or break scenario for GBPJPY but in a long-term bearish market it seems like the consolidation period has been going on for one too many swings. Hence my bias on this market will be mostly bearish to our lower daily zone 170+ pips below but don't be too surprised if market makes another leg upwards. With candlestick price action and conformation we...
Watch out for a retest of the weekly zone and rejection candlesticks on smaller timeframes to confirm short positions on USDJPY.
EURUSD can potentially drop over a 100 pips after a big bullish move up as it is currently testing a key daily zone simultaneously testing the descending trendline.
AUDNZD could potentially move up 50 pips from current zone. (he Australian dollar is currently very weak right now so be careful whilst trading AUD pairs)
EURCAD could see price move back up 180+ pips after a retest of our lower weekly zone.