EURAUD to potentially drop massively over 500 pips from next week onward.
Buy GBPCHF after price pulls back into lower weekly zone. Watch for candlestick price action i.e. rejection/bullish engulfing candlesticks on smaller timeframes before entering buy positions.
USDCHF is at a key long term support area where it could bounce and reach our target 80+ pips above. Always wait for conformation i.e. break of the descending trendline before entering.
GBPAUD has formed a double top chart pattern where it has the potential to drop over 200 pips. Waiting for a break of the ascending trendline will give us further conformation that price will move to the downside.
NZDCHF is currently sitting at a key weekly support level which has rejected 3 times in the near past where we could see piece move up 130+ pips to the next daily zone.
AUDJPY is currently consolidating in a ascending triangle where strong weekly resistance lies above. A breakout below the trendline on smaller timeframes would confirm a selling opportunity of over 110 pips for this pair.
Sell CHFJPY double top after a bearish bar on smaller timeframes.
Sell CADJPY after break of structure on the 1hr timeframe.
Sell USDCHF after retest of minor zone which also lines up with our fib level of 0.38%. Always enter after candlestick conformation to lower risk of losses. (If price doesn't reach our desired zone for buying/selling, setups automatically become invalid. That goes for all my analysis)
We could see EURGBP move up from this zone as it is currently at a key long term support zone which has caused rejections and bounces for many years in the past. Price also has potential to move even higher than my short term analysis.
Buy GBPUSD after a break of the minor descending trendline as price currently sits on a key daily support level with the move being worth around 170 pips. Always enter with conformation.
A sell is likely for AUDUSD as the AUD economy seems to continue weakening after we can get a retest from our resistance level which also aligns with the 50% fib retracement level from our previous swing high.
Wait for break of structure on smaller timeframes before entering a short position on this pair.
GBPJPY has the potential to drop from key resistance which has held multiple times in the recent past for a move worth over 250 pips. Always enter with conformation.
Sell AUDJPY after price breaks below the ascending trendline. Take profit is approximately 120 pips.
The Dollar index is currently at a key long term resistance zone which lines up nicely with some USD pairs such as USDCAD and USDJPY as they are also near their respective resistance zones. We could see weakness in USD pairs these upcoming days/weeks.
Gold could potentially drop. wait for break of ascending trendline as conformation before selling where we could potentially hit either of our take profits.
Head and shoulders pattern is forming on this pair. Wait for break of neckline before entering short positions.