leanosamwinga

leanosamwinga

Here on Swiss Yen we have broken an ascending channel but that isn't a main factor here: we have also formed a descending channel as we broke out correctively. Two likely scenarios are that price rallies to create a double top before selling off, or price disregards the descending channel and just continues the move to the downside.

leanosamwinga

These are the two likeliest scenarios which I find plausible. My bias is that we will rally back up to forma. double top formation, slightly exceed the high before dropping but we could see bears come into the market from the word go.

leanosamwinga

On this pair we can see the corrective week had an impact here and the week ahead could have an impulsive move in store. If we get a retrace to 0.70670 and it serves as resistance then we could see a drop here.

leanosamwinga

Price has broken an ascending wedge and I look to short to the bottom (at $9876)

leanosamwinga

I am confident we could see a sell off into this week to fill the beginning of structure ($2800) at least.

leanosamwinga

There is a high probability that we will see a sell off, at least to the $25 mark. Price made a double top and now we are retesting structure through a correction. If we see a break, lower prices could be exposed.

leanosamwinga

Looking to continue the downtrend, after price bounced off a descending trend line.

leanosamwinga

Looking for shorts, after last weeks move was retraced slightly.

leanosamwinga

We had quite an aggressive sell off on Thursday last week, which was apparent across indices and currencies like the GBP, AUD and NZD. We expect price to rally and form a correction in the form of an ascending channel before we continue to sell, targeting the beginning of structure (or at least 90% of the way.

leanosamwinga

The momentum has been very strong to the upside in this index and we could see a slight retrace before targeting all time highs. However we could also see a drop here, because other indices are giving out bearish signs so we have to bear that in mind too.

leanosamwinga

Bears are really defending the $10,000 USD mark and it is now a key zone of supply. Price did manage to break but then sellers produced a big bearish candle, sending price back down. We have more recently broke an ascending structure and we can look to target the previous low.

leanosamwinga

Price is rallying in a corrective structure and we have reached the channel top. If we break, we can short this pair so the previous supportive level but longer term I still target the multi-year resistance structure.

leanosamwinga

It is very possible we could see a move to the 1.618 level but even if we don't we have multi-year (weekly chart) trend line support and this could be a retest. If price decided to break the current corrective structure we could see an entry come into play, targeting the structure bottom.

leanosamwinga

This currency pair is approaching a previous high and we could see a potential drop from there. I like the idea of an inverse head and shoulders forming before we see prices fill higher levels, such as the multi-year structure.

leanosamwinga

Price was very bullish last week and in the opening hours of this weeks trading we could see a retrace to fill a 4 hour demand level. From there we could see previous highs hit and once those targets are hit I speculate a big drop, perhaps next week.

leanosamwinga

Price is sitting at a key level in the market and we briefly tested it last week. If we manage to break we could see higher targets such as 118 JPY get hit in the upcoming weeks.

leanosamwinga

We can expect the correction to continue but overall I am bearish, just like I am on NAS100 and AU200.

leanosamwinga

Price is in a bigger sideways correction, and in the week ahead we can expect an impulsive move in either direction, although I bias the downside.