Decent opportunity on the Chf today with some room to go down to the next level of support, pullback in this killzone is something to look at for an entry reason. Specifically like the minor level within the zone for but anywhere there works.
AudJpy has put a small head and shoulders, likely seen on the lower time frames better but it comes at a decent level of support and we actually have a violation of the outside return aswell so can be an aggressive long to take if we get a pullback and look to ride it up.
NzdUsd has put a decent impulse in bouncing off minor support, we can possibly see relief to the killzone in which I would be looking for a retest of the lows and even a continuation lower. Potential head and shoulders on the 5 min currently so can see that relief as more likely.
NzdJpy providing a potential shorting opportunity. I would be looking at a short in the higher red zone if we get a pullback and look to continue the short term downwards move for a retest of the lows at least.
EurAud has had a decent move to the upside and currently there is more room to go higher in my opinion. Following a good impulsive move IF we get a pullback into that zone we can look to carry on higher or for a retest of the highs at least.
The AUDJPY has setup nicely for a pullback entry short into an established bear trend. This must be taken at reduced risk for the reasons mentioned below.
Monthly - Price is trading inside the annual levels of 2017 but has been in a bear trend since the start of 2018.
Weekly - Price is trading below the 200SMA and the 50SMA.
Daily - Price is trading below the...
EURUSD has reached a major resistance level at 1.24382 price level. it had consolidated for almost 2 days showing countless rejections when price tried to go bullish then price had dropped down to the 1.23313 support price level. Price had started to go bearish however it went back up for a retest , I'm hoping that price would go down towards the 1.22284 Support level!