SO FAR TODAY PRICE ACTION HAS GIVEN US A CLEAR MARKET DIRECTION WHICH IS UP. IF YOU TAKE A LOOK TO THE LEFT OF THE CHART YOU WILL SEE THAT PRICE REVERSED UPWARDS FROM THE SAME AREA THEN DOES A SAMLL RETRACEMENT TO NEW STRUCTURAL SUPPORT BEFORE CONTINUING ITS STRONG UPWARDS MOMENTUM. ON THE RIGHT SIDE OF THE CHART WE COULD HAVE THE EXACT SAME MOVE. IF IT FOLLOWS...
In a short term downtrend on the euro fairly strong move down and predicting a retest of the current level that held. Possibly can continue lower if we make a new low. Also getting nice slowdown and rejections on the 60
Following a decent impulse to the upside on the 60 and not a conflicting bias on from the daily as that is consolidating, I believe price can go higher if not to a retest of the highs too. Came into a minor level of support with fairly safe stop placement. A quick potential day trade which I am involved in.
Looking to sell the weakness of Europe and Brexit chaos. Looking for reversal on the Daily to continue.
Entered on short on a bull trap on the hourly chart.
looking for a multi day move potentially adding size when the opportunity arises
AudCad has been in a downtrend, on the higher time frames we are en route to retest the lows. On the 60 we have genuine room to go lower to these lows with only inside support being in the way. Strong impulse initially aswell.
AudChf bearish bias and trend after a breakout from the consolidation can see it going lower. Coming off a nice level of resistance minor some room down. I would look for a retest first then a potential extension to the green lines drawn in
UsdJpy has been very bullish for the last week or so and I think we have some room to carry on higher still. I would only go for retest due to being at a minor level but dont see anything wrong with an extended target.