Currently Long biased but taking an unbiased approach on this: Rising Wedge, Weekly R1 as Resistance, Yellen Speech a couple of hours away and Head and Shoulders???....hmmm Bear Trap or Bear Case???
Looking to Long GBPJPY, it appears it has been slowly Consolidating for its final move towards 135.5. Taking a Long at these levels with a tight SL outside of its channel.
Gonna be watching EURUSD for a break of Bear Flag Channel for a short position.
Gonna look to Long GBPJPY on break of Falling Wedge with a Stop right under the current day Lows.
USDJPY is consolidating at its Yearly S4 Pivot , and Weekly Pivot Point, The longer UJ holds these levels while consolidating the stronger the bullish case becomes.
Triangle Pattern has been broken and USDJPY may test the trend line but doesnt have to as it has consolidated for many days already. Taking a long at these levels.
GBPUSD has bounced off of Supply Zone along with double bottom and expecting a move up above downtrend channel and will be looking to long on Test and Reversal of DownTrend channel Top Trendline.
Will be looking to long GBPJPY here on a break of current Ascending Triangle pattern, GJ should be following GU and both have a reversal Long overdue.
Shorting USDCAD with a small starter position here as i follow weekly Bear Flag analysis. With market sideways action and choppiness im closing 1/2 my positions after 50 pips to assure some profits, will continue to do that until market starts making some bigger swings.
Will be looking to long USDCAD as it forms Inverse Head a shoulders as as i see momentum increase. But will be cautious as weekly bear flag was broken and this could just be a bull trap.
Shorting NZDUSD here @ top of Rising Wedge and off weekly resistance. Weekly Volume indicates demand is decreasing as NU moves higher.
Still holding some long Positions on GBPUSD and watching cautiously at these levels as GU attempts to break Daily Downtrend here off a Cup and Handle Pattern Breakout. Will close if fails to break daily downtrend and will look to short on reversal confirmation
Will be looking to short EURGBP on a pullback as Descending Triangle Pattern has been broken as well as las weeks low. Will look to short on a pullback.
Will be watching GBPNZD for a break of resistance @1.81, will long on confirmation of break
Looks like its the end of the EU Bull run, will be shorting at these levels on confirmed break of the rising Wedge.
USDJPY has been trading sideways and on tightening range, ive been playing the long side and has been taking too long to make any gains a good indicator that trend is still pretty bearish. Will be on the sidelines or scalping UJ, dont like current price action.
Taking a long here on UJ as it broke downtrend and Gap'd up, gonna take this one on daytrade basis with intent to swing. Gonna see how far it takes me. Will look to add on next supply zone if trade goes against me.