price imo seems to be in the ovearall bearish trend and has been retracing so looking for this to retest the yearly lows
with BOJ intervening and a sharp sell off, im lookin for a full bearish engulfing next month on chf jpy with a minimal top wick. Price i'm watching is between 1.48300 - 1.49500.
SNB news tomorrow and it looks like we may extend further down. Bad points to this trade are: Price range for the month is extended sitting at approx 320 pips, im looking for a further 100-130 pips and with news this is perfectly possible. Hovering around the 2022 open price, BUT there was a feeble reaction, normally price rallies off a key open price.
price taken a week to draw back to the 1.44 level and lookin for a sell from the 144.370 area
Dollar showing signs of weakness, so aud should benefit the most and price to continue its bearish descent towards the 0.62 level
I'm seeing AJ to make another leg down, and the highlighted area as the rejection range. Ideally looking for rejection around the 94.500-800 area. Initial target would be the current month low
ideally want to see price rally into the 270 area and then breakdown lower for the rest of the week
EA is reacting off a bearish channel top and squeezing into a triangle, i'm looking for a break upwards and expecting to hold the 1.46/145 500 area and rise upwards to initiate longs
7months of red candles with the body narrowing, so my bias for next month is bullish and target is towards 1.60. 4th aug major news out of BOE
silver has moved 10% off the low similar to the rally in May. looking for a high to be made for a drop towards 0.19
fomc today, if a bullish run is going to happen, likely to see 1.68. Bearish target is first to 1.63500 then 1.59
ideal place for rejection.profit points marked in the 100's, 1.05500, 104,500 1.03500. for confirmation entry wait for a bearish week
As anticipated price stayed below 1.65 on Friday. Now to catch the bearish momentum we want price not to rise too much above 1.64 (pink line) and target 1st the last week low and push on to 1.60 and beyond. I've kept the stop above 1.65 as beyond that it's not the setup I am looking for.
with the BOC rate statement next week cadchf is ranging in the 74-75 area and i'm lookin for a mirror of the initial move down. Add to this Oil monthly was bearish and looks set to continue the decline
uj still has bullish structure but the way jpy is showing some strength im expecting a fallback towards 1.32500, sells above 1.35.300
i dont think price will breach last month high without heading lower towards the 1.62 area and a bearish day would further strengthen this, so looking for a bearish day tomorrow
Kiwichf broke out of a channel, and into a daily OB point of origin. if this weekly closes back into the channel will confirm bullish bias.
whilst ACad htf remains bearish it seems to be catching a bid under the 90 area. Will be looking for buys to 1st tp at 92.