BUY POSITION INCOMING
Looking at the Daily, Weekly and 4HR you will notice that there is a clear indication of a SELL occuring for this pair.
The BEARS are slowly loosing momentum and will let the BULLS take over shortly. You can expect this to happen around the dotted TREND LINE shown.
BUY up until around the resistance area shown.
AUDNZD - UPDATED AFTER PREVIOUS STOP OUT OCCURED.
After a previous stop out yesterday, re analysing the pair on the daily time frame has confirmed as a SELL position.
Doji candle has already signalled the reversal indicating that the price could drop down as far as the SUPPORT line due to BBANDS showing good amounts of volatility.
Now that the RESISTANCE has converted into SUPPORT we will see the bulls fight back now that they have recovered STOCH wise and previously won the test fight for resistance / support.
SL Loose to cover the TREND LINE shown.
INCOMING SELL FOR USDJPY - As it approaches minor resistance and STOCH continues to be over bought you can expect the reversal to occur closer to the resistance price level and then continue down to to the middle / lower bollinger bands.
SHORT occurring on this pair for the rest of the week, we should then see it return as a BUY as shown on the weekly.
STOCH needs to recover, signalling a SELL for the time being.
The price is currently testing a MAJOR RESISTANCE line and signalling a reversal at the latest MINOR RESISTANCE line.
UPDATED ON CADJPY - TARGET PREVIOUSLY ACHIEVED
LONG position on the daily chart showing a strong signal that it will continue to follow trend re-testing MAJOR RESISTANCE and then changing direction into a SELL at the MINOR RESISTANCE recently created.
SCALP BUY - After STOCH recovers there should be a SCALP BUY until the minor resistance level has been reached.
BIG SWING SELL - A correction into a SELL will occur at MINOR RESISTANCE, where the price will eventually drop down to the SUPPORT LINE shown.
SHORT SCALP occuring on a SELL, take a look at the 4HR charts and STOCH.
SWING BUY - Looking at the DAILY candles, you will see a large amount of backing behind the BULLS as per shown with the long wick at the bottom of the candle.
The price will SELL to recover its momentum and then re-test resistance.
GBPUSD - BIG SWING LONG POSITION.
Already been farming this pair and obtained good profit on the last BUY shown.
It will continue to DROP into RED ZONE before reversing into a BIG SWING BUY and continueing with the main up trend.
EURJPY - SHORT INCOMING - Price reach the major resistance channel and is signalling reversal.
STOCH needs to recover on the daily and 4HR, and BBands are also signalling a reversal indication after the price previously breaking the upper band.
USDCAD - LONG POSITION ENTER NOW.
Trade has been open for a day or so but a confirmed BUY is incoming when analysing the DAILY CHART.
Price is going to bounce back to the upper bollinger band.
CHECK THE 4HR - You will notice that it is touching the upper 4hr band, and they are beginning to ex vert. This signals another BUY BREAKOUT.