EURUSD: Short trade. Prices has been in a range for a long period. Resistance area on the chart has been tested many times before and prices are near the resistance area again. Will prefer prices to cut through the resistance area and close below it. Monitoring this closely and waiting for a good opportunity to go short on this pair.
Edward
EURJPY: Prices has once again retrace back up to resistance area on my chart. Prices tried testing the highs since yesterday but bulls aren't strong enough to bring it higher and it seems like sellers are starting to take control of this pair now. The last time price retested the same resistance, it bounced off aggressively and created a very nice risk-reward....
NZDUSD: Continuation short trade. Trend is bearish at the moment and price has retrace back to the support turned resistance area marked on my chart. Prices has been hovering in this area for the past few trading days and grinding up slowly. Yesterday's candle closed as a pin bar with the bar protruding out from the surrounding candles. Prices has previously...
GBPUSD has seen a bearish trend and prices has retraced back to a resistance area drawn on my daily chart. From the blue arrows, you can see prices respecting this area multiple times. Yesterday, prices formed an indecisive candle and i am looking to go short on this trade. However, the candle is too large and my risk to reward ratio is not attractive. I will...
USDCAD has been bullish for the past few days and we are seeing price stalling at the resistance area drawn on my chart. Price was indecisive (no clear winners for bears and bulls) the day before and price has turn into a large bearish pin bar on the daily yesterday. On the 4HR chart, price has been hovering in the area for a while, and came a large bearish...
EURAUD is facing some resistance based on the resistance area drawn on the chart. If you scroll back to Aug 2015, you will be able to see that prices has rejected this level a few times, failing to break higher. Prices are already showing signs of stalling on lower time frames. Price also seem somewhat forming a pin bar on the daily but its still too early...
EURUSD has seen prices respecting a resistance area on my chart. Interestingly, prices are showing signs of stalling at this level. However, bulls and bears seems to be fighting each other now and don't seem to have any clear signs who's winning yet. This pair is definitely on my watchlist for now.
EURJPY prices seems to show signs of price rejection on the resistance area on my chart as of this time. This area has seen a few bounces and it's no surprise that prices are respecting this area again. However, prices has been very bullish for the past few days. Will wait for the daily candle to close before making any decisions.
Edward
XAU prices approaching long term resistance area. Resistance area on my chart had some bounces back in Feb - July 2017 period. Gold is in a bearish trend now and i'm waiting for prices to confirm my short trades based on daily chart.
Edward
