FX:USDJPY Following the trend on this pair, trying to jump on board the next leg up. This pair has broken above previous structure level, Now waiting for a pull back into that zone and a further move up. This trade has the potential to go much higher!
EURUSD keeps rising.
so many traders are struggling with the identification of the next pivot point for the pair.
and indeed: just during the last two weeks, at least 4 key levels were easily broken to the upside without any hesitation.
on Friday the pair has reached an important historical area of resistance and the...
Next supply zone should be more significant as it is a daily supply nested within a weekly supply zone.
Expecting this pair to continue the higher time trend.
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NZDCHF has reached a very important demand zone .
we have a perfect confluence of 382 retracement / horizontal support / trendline .
I am watching a bear flag formation and will wait for a bullish breakout of it to buy the market.
target levels will be
for trend followers and swing traders, the...
USDCAD is consolidating on minor structure support .
I believe that there is a high chance to see a bearish violation of it
with further bearish continuation to lower levels of structure.
I am waiting for a breakout of this support to sell the market.
USDJPY is finally entering a strong zone of resistance.
there is a high chance to see a strong bearish impulse from the underlined area.
for confirmation, wait for a bearish breakout of the small wedge pattern.
then short the pair with target levels:
stop will be above the highest point of the wedge .
this is the update for the recent idea on USDCAD.
so the pair is on its way to the identified zone of supply.
the price is coiling within the rising wedge formation and I will be looking for a bearish
breakout of the wedge to short the pair.
targets will be 1.321/1.314
stop will be strictly above the...
GBP/AUD - Long Trade
Price has broken the downward trend line making a higher high indicating a change in trend.
- Long on pullback to Demand Zone (Marked Green) if the level holds.
- Taking profit at the 3 Supply Zones (Marked Red).
In my view, AUDNZD will be bearish the following days.
The market has recently reached a major trendline and we see a clear rejection + dodji formations.
+ note RSI divergence
I think that the pair will drop at least to 1.07 & 1.06 stucture levels.
Last week GBPUSD has retraced from 1.3 level
and currently, the pair is consolidating within a falling channel .
I believe that bears will continue pushing the market lower
and buying volumes will consolidate in 1.27-1.28 area.
Our trigger will be a bullish violation of a falling channel .
Target levels: 1.29/1.30