Potential buy at 1.14250 based on double bottom in my daily zone on 4H chart,
NZDUSD Rejecting the 800 & 200 EMA on H4 timeframe and respecting the trend-line market structure. Bearish shooting star candle also formed on H4.
Clean Double Top price action on 4H > 2H > 1H & 30M.
Potential double top forming at 0.7200 handle. Need clean bearish PA on H1 Chart for entry.
GBPUSD potential short at 1.27840 Extended rise in price and approaching my daily trendline. If the level does not hold the next significant resistance will be at 1.28150. Will look for clean bearish price Action on H1 chart before executing. Potential 100 pip move.
Simple break and retest of the counter trend-line.
From a purely technical perspective, there is confluence at the 0.99200 handle. Providing there is clean bearish price action on H1 chart, there is good indication for at-least a 50 pip short move. Will wait and see how this plays out! Happy Trading.
USDCAD has had a sustained period of growth, however coupled with the DXY & DJI Falling, USDCAD has potential for a strong pull back at my red zone.
AUDUSD is holding at my monthly support trendline and could potentially pullback for 100-120 pips if a clear double bottom is created with strong price action indicating a pull back.
Based purely on Technical analysis NZDUSD has broken the blue counter trend line which now acts as immediate resistance. Still within the current downwards trend within the two maroon trendlines, NZDUSD looks like it can double bottom in my green fibonacci zone before heading back up for a temporary reversal, overall bearish.
Accompanied by the current bearish outlook stemmed by Brexit and Theresa May's poor attempt at handling negotiations. GBPUSD has been in a sustained downtrend with a rising wedge forming indicating that the downtrend will continue. You can find entry points at 1.26600 (orange line) which is a significant level for a break and retest of this market structure. Will...