EURNZD H4 - Seen a 100 pip rally from support here, hoping to see something similar on EURCAD, we wanted to take a trade from EC rather than EURNZD due to RR benefits. EC seems to be lagging for the moment, saw a nice H1 engulfing from support, but have yet to break the counter trendline.
EURCAD H4 - Down on that support zone, seen an 11 pip bounce, looking to set new highs on a lower timeframe and retest that 600 support again for entries. Just entered London open, so be aware are market traps.
EURUSD H4 - Nice initial drop from resistance as marked up yesterday, DXY seeing a bit of a bounce from that 98.85 support zone, wonder how far this correction may extend... Full rundown to be posted just after London open.
Possible short setup here as we have failed to break that resistance zone (marked with the green box). We ideally want to break the trendline support and see a retest, so that we can confirm the change in trend. The retest and PA confirmation presents the sell entry point.
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NZDCAD H4 - Finally starting to see a retest after the dovish RBNZ last week, looking to find resistance at around 0.85500 to then look for short continuations, again another solid 1:5+ RR
NZDJPY H1 - Hit an hourly supply zone on NZDJPY, best out of the ***YEN pairs in my opinion. No confirmation here, not looking to signal this, just again making you aware of the zones, markets are very volatile still! But could be an excuse here for a market correction based on this mornings rallies... Gold is now starting to pullback up a little from that retest...
EURJPY D1 - Daily candle is forming nicely, this is what we said we were looking for in the webinars this weekend. If we look like we are closing similar to the above this evening, we will jump in with a buy order tonight.
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again.
Happy trading everyone!
