AudJpy is currently at a minor level of resistance/supply level which we can see some bearish pressure to the downside. After that I think if we pull back into the killzone drawn we can potentially get a retest of the highs due to the strength in the uptrend.
how safe is this spot to enter ?
is it likely to lose momentum and reverse or will it complete the run to the other zone.
to have profited one would have entered at the zone at the bottom and after the consolidation on the resistance line. 2 opportunities for a longterm trade. candle sizes remain consistent and healthy , next week continuation or not?????
Bought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel.
Looking to swing trade tops and bottoms as long as we are in the parallel channel.
I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current...
Nice clean and strong downtrend on the 60 coming off minor support but I think it can get retested at least. Daily held support and currently oversold in a downtrend which is slightly conflicting but decision is made off the 60.
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.
Minor break so we can expect a slightly deeper pullback preferably and 'expected' from the zones drawn out. Some room to go down lower but I will only play for the retest if an entry reason presents itself.
Decent Long opportunity on the NzdUsd with some room to go higher after a few levels of structure being broken, You would want to be wary of the minor zone below the killzone drawn out but a decent opportunity. If we get the pullback I would be looking to buy it up.
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.