GBPJPY closed the previous day slightly below trendline, providing a good RR ratio.
The overall bearish trend seems to be broken and bulls come in at 120.50 Trying a long trade based on the Bullish Flag pattern.
EURCAD is stalling at key level 1.4645 and looks like sellers are coming in. The previous day printed a good 2R entry signal in the general direction of the trend.
- USDCAD printed a Head and Shoulders Structure, which indicates a possible trend reversal - Price is showing rejection at Resistance @ 1.29 - Going short for a 2R trade
AUDCAD is currently testing the 0.98 support, and provides a good R/R. Going long for a 2R trade.
- EURAUD is in a bullish trend - Price shows rejection from the Support around 1.60 Going long for a 2R trade
EURGBP price shows rejection from the trendline. This provides a good R/R opportunity.
- USDCHF closed above 0.9445 resistance which now, may become support. - We also have a bullish divergence (see RSI).
GBPJPY looks still bearish. Price is at 147.90 resistance. Trying another short, with a wider stop.
Looking to short GBPJPY around 147.90 resistance area and aiming for a 5R risk/reward ratio.
-Price closed above 0.89 resistance area which becomes support -Now came back to test again this level -This gives us a very low risk opportunity -Targeting previous highs
EURJPY is currently testing the 131.35 support and provides a very good risk reward trade.
- Overall bearish trend - Price broke correctional uptrend - Shows rejection on H1 @112.65 resistance area -Targeting 112
- NZDUSD is in a bearish trend, price makes lower lows and lower highs - Price forms a big rejection candle at previous structure support which becomes resistance
- As the price broke below 111.67, I still have bearish bias on USDJPY - Price shows rejection from resistance level @111.62 - Targeting the next support level
-The overall trend is bearish -Price is showing rejection @ 111.67 resistance area -Price broken the corectional uptrend -Targeting the next support area Trade what you see!
-Overall Descending Trend -Price is showing rejection at resistance area @ 0.7634 -Targeting the next support area
- GBPUSD is currently trading in a range - Price failed to close above resistance - Targeting previous structure price congestion