Nice rejection from resistance seen yesterday, didn't quite pull down to our H4 support zone, but performed nicely nonetheless. Now we have broken resistance we could expect further upside corrections on these ***YEN pairs.
My only concern is GBPJPY, as we approach 151.000, this seems like a good short price to me. However, EJ, UJ and CHFJPY seem...
EURAUD D1 - Big support resistance range here on EA, we have had an early session selloff and look to be correcting now. Market gapped downside, looking to see how we respond to the H1 counter trendline, I'll mark this up now.
WTIUSD H1 - Hopefully we can maintain a bit of bearish pressure to retest that broken resistance zone (now support) at 34.30 this should be a solid entry point! Already seen this, apologies for the delayed post, looking to break previous highs to maintain upside momentum.
USDWTI H1 - Ultimately long bias on WTI for obviously and explained reasons over the last few weeks. Pulling back to this trendline support so we could see a bounce here to break the higher timeframe resistance. More noteable support zone at 31.30, so in the case we pullback this far, it could be wise to load up on positions.
EURCAD H4 - Back on resistance, very similar to NZDCAD, haven't really seen much in the way of CAD strength, inflation earlier today wasn't great, but WTI prices should spark some strength. Previous selloffs from this zone as per recent posts, but no real crack downside, really want to see some bearish intervention in line with CAD strength and WTI price increases...
EURNZD H4 - We have obviously sold off nicely from resistance since the market opened, looking to find support at circa 1.78800, from here we could then have our eyes on a return to resistance up towards 1.82600. Very high RR setups.
Please let me know your thoughts on this one. I like the look of a long on AUDUSD here but I am aware of my bearish NZDUSD bias.
So you can see a longer term trendline (thicker line) cutting through the chart and sitting just above price currently. We have an upwards trendline acting as support here and I have highlighted a recent resistance area which is also...
EURAUD made a short bullish run before forming a sidewards structure. Inside this structure is a head and shoulder pattern that is forming nicely.
Short trades are on the lookout as price is dropping our support line, we shall wait for price action to confirm our trade.
Specifically looking for a breakout and a continuation of our downtrend from the shoulder...
GBP/CAD -- heavy manipulation to the upside, wiping out many traders at 1.76400 and 1.77380!
Patience and timing were key to avoid heavy losses.
Our team were in at 1.75837 but with stops carefully placed at key levels which kept our position in the market while other traders faced heavy losses.
Target 1 +160 points.
Target 2 +320 points.
Target 3 +480...
Simple continuation of the h4 bullish structure. After respecting a sig level @76.33 we can see a profit take occur which has caused a short term snap back to our potential entry price @75.60 we will asses price action at this price and anticipate buying pressure being added on the basis of the ascending trend level being re tested this will give us confidence in...
AudUsd, Elliot wave triangle, Monday while bank holiday in USA Aussi Dollar was consolidationg earlier london session just around 0.71500 and as Dxy getting back strength and china usd deal is in progress, this pair has chance to break 0.71000 level.