A potential shorting opportunity, coming of decent impulses to the downside, nice small level of resistance. You want to be wary of the higher timeframes (Daily) as we are at wicked support which does make it a bit more uncomfortable.
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.
Small opportunity on the EurJpy, despite us reaching support I do think we can retest the lows of the 1hr close. The Daily can put a bullish head and shoulders pattern but I think this move is possible due to RSI showing strength on the swing.
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.
After the last successful long trade on NZDUSD, I am now looking for price to pullback down to make a 2nd higher low where I can go long again.
Bearish trendline now broken, 4hr trend is confirmed as reversed and now bullish.
Hi guys, I hope that you are all are well! This week we have seen continued bearish momentum in GBPJPY to which has seen prices push close to 141's even, which is a very important and psychological level for this pair and we also saw prices retest a strong area of structure support (Daily) of 141.00 - 141.30's to which we have since seen some relief in selling...
WTI Crude Oil is in a troubled zone on 3-Day time frame. I'm short. Price is struggling in a zone of investor resistance with ATR resistance just above. This convergence spells greater probability for the south. (Note that for every probability in one direction there is a residual probability on the opposite direction- hence no predictions)
AUDUSD - Downtrend Continuation move anticipated from the retracement.
Great opportunity to short the market.
Weekly time frame provides sufficient confluence of the downtrend and retracement raly down opportunity.
4H time frame on the other hand provides entry reason because consecutive bearish candles.
Decent risk/reward ratio with potential with second target.
Hi, guys I hope that you are all well!
Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them.
What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range...
GBJPY put series of higher lows indicating potential bullish trend.
Weekly Time Frame confirms the possibility of decent uptrend.
Entry is based on 4-hour time frame, yes, little bit late.
Also second high is not higher than the previous one.
Risk/Reward ratio is quite decent although I do not expect to rally fully to the top.
Important is to keep in mind that the...
NZD/USD has been bullish as of recently so we follow trend continuation.
We are currently in a corrective state, but approaching structure levels.
We see a trend channel that price is following, so if we continue this channel we should expect movement to the upside since we just finished a corrective wave.
We can also see a large bull flag formation. If this...
This recent pullback into structure has offered a high probability trend continuation trade on the cards. looking for a potential bounce from the currently tested support area and a push up to test the 0.73700 zone
After the series of lower highes and lower lowes as the sign of bear taking over potential to get to the short trade.
Entry from the retracement based on consecutive series of bearish candles.
Target based on last support.
Stop loss wider in order to provide the space in case of need.
Despite larger stop loss still decent risk/rewards opportunity.
So what we are looking at today is a potential move in Gold for bearish trend continuation, as we have recently seen price action press down into lows of 1193's for where previous level of structure support was retested and respected. However, on the 4HR TF we saw price action break and close below into new lows of 1193's suggesting strong bearish...
Hi, guys following the strong bearish momentum recently seen in AUDCAD, we have since seen prices rally down into new structure lows of $9275's. What I am now looking for is a pullback to the upside into previous levels of structure within the region of .9343 - .9397's to get short on the market, in anticipation for one final retest of the of the most recent lows...