I see some JPY weakness coming into the market after USDJPY rejection off 100.
127% extension fade zone on the hourly, 4 hour, daily timeframes. Strong confluence that we see NZDJPY up towards 79.
A bearish flag would show a downside move. Last time to touch the upper trendline, and in the best case scenario, it would break out of the flag. Might show some difficulty crossing the .382 level of the daily structure, and this flag could also result in being the last downside movement of the daily structure.
I'd enter around 120.43
*The SL and TP might not be...
GBPAUD watch for break out
1.60 is very strong support and hence we can buy
GBPAUD again
If price break out the downtrend line
confirmation for the rally
The pair has broken the trend line and it seem to me the retest already took place. Watching strong close below 0.76300 to go lower.
First target - 0.75000
Looking to trade the breakout up to the key resistance zone.
With a weakening of the USD last week, looking for the pair to go back up after a deep pullback.
Will go long if the downtrend line is broken.
200 EMA was respected last week so long bias.
Could possible trade this short if the trend line is respected.
AUD has had a strong breakout of its ascending trendling and is not proceeding to a target area of 83.730, where price may find support and play off it.
I have been seeing this signal for the last 2 hours or so. I am looking to go long with a small loss. It sucks that I am going to go to sleep. But, on the bright side this is a great trade with a wonderful profit to loss ration. So this is a win win even if I loose the trade I learn :) Happy Trading Alain
Ajanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts.
One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.
with eurusd breaking the trend line it's possible we might me seeing price moving into the opposite direction to create a second up wave for this previous eurusd upmove
Price has broken the minor suport at the sliding parallel, and is now drifting to 2350 area again. Look to see if it holds or if we are going to break and retest as resistance and go further down. If that happens you could e 2300 eventually.
