Having blow through a strong resistance zone last week we are now looking for price to come down to retest this area to take a long position back into recent highs. Overall the AUD is bullish across the board and we are looking for this momentum to continue. Lukas - trade district
We are currently retesting the previous area of resistance now turned support around 140.00 we are now looking for a rejection to take a long position to continue the bullish trend to create new highs. Lukas - Tradedistrict
With 140.000 proving a difficult level for GBPJPY we traded in a range for the past week or so. We have finally broken through this level continuing the GBP bullish momentum trading into the 140.800 level for the days highs. We are now awaiting the retest and rejection of this level to look for a long continuation trend into the next daily resistance zone....
Having had a nice bearish run on EURGBP we are now trading into a daily support area forming a daily double bottom structure. On the 4hr/1hr time-frame we are also forming a double/triple bottom structure with nice lower time-frame wicked rejections showing deceleration and rejection of this area. We are looking for a potential long trading into recent structural...
Where is next for NZDUSD? We are currently trending in a downward channel on lower time frames. If we see price rejecting for the 4th time at the top of this channel and minor resistance level we will be looking to take a short trade back down into previous resistance and bottom of the channel. However if the bull run continues we will be looking for price to...
USDCHF has been in a massive bearish run now testing weekly support levels which were rejected last in 2015. We are looking for a pullback long trade into the daily support level that was broken through without retesting. This level lines up nicely with the daily 50 EMA. We have shown nice deceleration forming an inverse head and shoulders indicating there could...
EURJPY is trending nicely on the daily timeframes. We have just tested this daily trend with a nice rejection. 4hr we are looking at taking a long trade of this break and retest of the 4hr 50 ema having retested the previous 4hr resistance which has now turned support lining up nicely with the strong daily trend. We are looking to take this trade long into the...
Following a nice daily bull run we are now playing the pullback into the daily 50ema. The 4hr timeframe is nice and clean with a head and shoulders pattern forming on resistance, nice break of bullish trend with retest, .382 fib retracement. Entry has been taken. Comment what you think below!
USDCAD: we are looking for a long trade pullback play into the daily 50 EMA. Forming a double bottom structure on the daily timeframe on an area of support.
AUDJPY - HTF SHORT PULLBACK Await more deceleration and confirmation of pullback on the Lowertimeframes targeting the daily 50 ema
EURNZD - Potential Long Play - HTF