although euro has been very bearish lately , this pair looks like a nice long-setup. we've got this major support zone lining up with this trendline , right at the 61.8.
we've also got a gartley pattern with its entry right in this zone.
and we are already seeing rejection.
let's see if we can get some nice risk to reward ratio on this one upcoming week
audnzd is in a nice weekly upchannel , just hit the lower trendline , lets get some bullish price action on the intraday timeframes and look for a entry
so we see this usdcad double top at this weekly resistance zone. this was also a take profit level based on fib extensions. So what we have here is some confluence.
In order to short this market we need to wait until this market is at a resistance. right now it is at a support zone so we need to see a BREAK , and after the break we want to see a retest of this...
so this pair is giving us a head and shoulders along with a trendline break and a higher high. We've just got a retracement to this support zone which aligns with our 61.8fib.
also notice how this pair touched a lower trendline on the larger timeframes. we might see this badboy go up for a while.
To get a nice entry for this trade we should see a nice uptrend...
after a break to the downside of the consolidation ( on biggert timeframes , we see a push to the downside.
Now we've got a nice retracement coming to its end.
lets see if this one makes a lower high , if we can short the lower high @ a zone of support we might get a nice sell.
In case we make a higher high and break the trendlind and resistance we might see this pair go up so sit on your hands!
after a breakout of the bearish channel we see a nice retracement to the 38.2% , which was a zone of resistance and support , also in confluence with a trendline. we might be seeing a reactiob off of this zone
GBP has been bullish ,very bullish. we have to be carefull if we want to short a market with so much momentum to the upside.
But there is some nice confluence of resistance and the trendline.
lets wait for a nice downtrend to form and get some high probabillity entries
that 1.272 take profit level got broken , this was a strong resistance for quite some time but now we see a clear break. if the daily closes above this level we can look for a long.
Take profit around the 1.618.
we can see price moving to the upside from a monthly perspective , now we are seeing resistance becoming support , also we can see this flag pattern which also breaks to the upside , i would be looking for a nice entry to go long on this one
