USDCAD 1.390 - Short - Daily Fib - DXY Conf - Previous reversal point
GBPAUD - Long - 4H Trendline - Major Confirmation Fib/Oversold
NZDCHF - Psych Line - Daily Fib - W on 4H - Major Confirmation
AUDCAD - Overbought - Psyc Line of 0.9300 - 4H Fib - Daily Trend Line - Major Confirmation
As shown in the chart, the pair has reached a linear level which had been used as a strong resistance several times before. There is further confluence when considering the fact that the market is at the 0.786 fibonacci level
A good SELL opportunity due to the fact that the current market is on a ranging market as well as the fact that it is high on RSI. We can therefore anticipate a drop. There is further confluence when we consider the fact that the top linear level had been rejected previously 3 times.
The pair in this month has been ranging in between the supporting zone as well as the top linear level. The Market had retested against the Top Linear Level in 3 occasions - which demonstrates that the linear level is a good resistant level in which a SELL can take place. Current Market has reached the top linear level in recent days and has also demonstrated...
Good opportunity to short USD/CHF. Confirmation from indicators, technical and S&R.
USDJPY is in a strong day uptrend, as we can see it retested a strong support that has been tested multiple times. it has touched a 4 hour trend line indication buy pressure is still present.
Within the Daily time frame , we are able to see that a rejection has occurred whereby the lower wick of the bearish candlestick is in fact larger than the body itself- demonstrating that a strong rejection has occurred to the linear level. This point can be supported further when looking at the 4HR timeframe where further rejections have also occurred. A BUY...
At an area of interest. Possible buy opportunity. Patience is key, wait for confirmation.
As the recent market demonstrates a rejection of the bottom linear level/trend line - I think perhaps it is time for the Bulls to take over the market! The market has approached a zone, which can be considered as a further confluence due to the fact that this particular zone has been a support in the past. Considering the fact that rejection has occurred it is...
May be an opportunity to catch it going down.....Wait for confirmation and correct entry. Patience with entry points.
As shown, the market is on a 4 hour down trend and reaching a trend line which has previously been rejected a few times. This is shown from the Trend lines drawn on this specific graph. There is confluence in terms of the pair being considerably high on RSI, as well as considering the movements of the major corresponding pairs (USDCAD long + USDJPY short). The...