GOOD SELL OCCURING FOR GBPUSD
After the price exceeding the BBANDS, a good SELL reversal is now incoming. You can expect the price to drop down as far as SUPPORT shown or atleast to the outer BBAND in the bigger swing of things.
Enter when the price hits the RESISTANCE level shown.
For the rest of the week and into next week we will see a continuation of a SELL on this pair until around the reversal area shown.
On the larger scale of things, after the BEARS have finished the BULLS will return with enough momentum to break the line shown and make it's way up to the resistance line shown.
The Wall Is Falling.....
HUGE SELL occuring on the DAILY.
It looks like the price will finally loose its ongoing test with the resistance shown and plummet down to atleast the outer BBAND if not further down to SUPPORT shown.
This could big a long term trade as a SELL for the near future on this pair.
Interesting one, on the weekly it is showing a massive SELL, where you will see it surpass the currently tested resistance / support zone.
For the main part of this week it should continue as a BUY but come the weekend we should see a nice reversal into a BIG SWING SELL.
USDJPY obtained maximum profit on our SELL earlier in the week / last week.
LONG POSITION is now confirmed after the price hit MAJOR SUPPORT today.
TP AREA AND SL - Dotted lines show the reasoning behind them, along with the volatility shown in BBANDS.
AUDCHF UPDATED AFTER PROFIT ACHIEVED.
Long position ahead after clear doji's appearing on the candles in line with the dotted trend line shown.
Happy to say it will surpass RESISTANCE and then test at our TP AREA. Reason behind this is that the BBANDS are showing good volatility
PREVIOUS ANALYSIS - AUDUSD STOPPED OUT.
Still confident a short will occur, if you look at the RED CIRCLED areas you will notice that STOCH and BBANDS are signalling a SELL to around the lowest BBAND.
Further DOJI appearing on the 4HR candles, confirming that this may indeed be a SELL.
Using crosspairs and graph analysis i am confident that we will see the price drop down to support, or atleast to the outer BBAND.
SL needs to be tight, to prevent getting caught in any bull breakouts.
USDCAD BIG SWING BUY POSITION ON THE DAILY.
Looks like the price will retest the support / resistance line shown and then continue to the outer bollinger band.
BONUS CHANCE -
USDCAD may continue to rise after reaching the outer bollinger band.
If you look, the two outer bands are exerting away from each other.