francesgurton

francesgurton

Key Points: Descending triangle pattern (continuation pattern) Support line broken Bearish indicators GBP inflation shock Recent bearish trend

francesgurton

Bullish pennant flag forming on NZDCAD. Looking to jump on to the bullish trend following this correction

francesgurton

Corrective move following bullish impulse. Looking to join in on this bullish movement we have seen on AUDCAD recently

francesgurton

catching the bounce of previous resistance as uptrend looks to continue

francesgurton

Could we see further bullish momentum on USD? As price has broken out of consolidation (110.80 region) could we see further bullish momentum as price retests this area?

francesgurton

- Looking for rejection at key resistance level (highlighted yellow) - Bullish confirmation among indicators and rejection at channel support for entry - See if the price holds at 4H EMA.

francesgurton

Two potential scenarios: 1. Bullish If price finds bullish momentum we could see price break above the key resistance level of 1.6170 level. IF this happens, we could see price return to previous highs of 1.6380. 2. Bearish On the daily chart, we can see a possible head and shoulders structure forming. If the price rejects at key resistance (1.6170) we could see...

francesgurton

If we see a price break above 0.6570 level, and the ascending triangle, we could see further bullish momentum up to the channel resistance.

francesgurton

Area of interest highlighted. Very bearish pair. Hoping to get involved around the 1.0450 level if: - Rejection at 61.8% or 78.6% fib level - Rejection at support zone (1.0450) - Rejection at descending channel resistance - bearish confluence among indicators for entry

francesgurton

Potential for more downside as price reaches the area of previous support (0.9275 ish zone) Could we see price reject here? Looking for: - Rejection at descending channel resistance - Rejection at previous support zone (0.9275) - Rejection at 38.2% fib level If taken, this trade will be in agreement with the overall downward trend of this pair (under the 200...

francesgurton

Strong GBP figures pushing EURO lower in this pair 0.50% fib level Break out of ascending structure Touch on-resistance of descending channel Rejection at 200 EMA Indicator confluence

francesgurton

Possible long opportunity on USDCHF Price recently broke out of the descending channel and seems to be retest resistance of the descending channel (0.9140) Checklist for entry: - rejection at 61.8% fib level - rejection at 4h EMA and descending channel resistance - bullish confluence among MACD and RVI

francesgurton

Possible long opportunity on NZDJPY, similar to NZDCHF. Price recently broke out the descending channel as has begun bullish momentum in an ascending channel. If conditions are right, we could see the price continue to 78.50 level Checklist for entry: -rejection at ascending channel support - rejection at 78.6% fib level - price holds at 4H EMA - bullish...

francesgurton

NZDCHF looks to continue its bullish long-term trend after a few weeks of bearish momentum. Price recently broke above the descending channel and the 4h EMA, suggesting a trend reversal. If price holds at the ascending channel support (around 0.6435), and fib level 78.6%, we could see bullish momentum really kick in, up to the 0.6545 level. Entry checklist: -...

francesgurton

Pending short trade on EURGBP. Technicals: - descending channel - strong rejection at channel resistance - sharp rejection at 61.8% fib level - rejection of previous support around 0.8510 - In line with the downtrend of EURGBP - bearish confluence among indidicators Fundamentals: GBP appears stronger than the EUR as recent figures show a growth in UK economy...

francesgurton

potential short on EURCAD, as price approaches resistance Key areas: - 61.8% fib level - Resistance of descending channel (1.4815) - key previous support around 1.4760 level Checklist for entry: - rejection at 61.8% fib level - rejection at the resistance of the channel - rejection/break under 4H EMA - rejection at 1.4760 previous support level - bearish...

francesgurton

CADCHF recently showed some bullish momentum and broke through the 4H EMA. Price has since returned to the support line of its ascending channel. If we see price reject this support line, fib level 78.9% and break past the 4H EMA, price will likely continue its bullish momentum and hit the 0.7420 area (previus support) Entry check list: - rejection at...

francesgurton

Bearish flag forming on AUD/USD. Will likely see a continuation of bearish momentum if we see price break below support at 0.7350 level. Entry conditions: Bearish confluence among RVI and MACD. Break out and retest of support