CHFJPY is currently in a uptrend and has hit it's pullback and has a high potential reversal chance as there is a huge divergence in the daily + hitting strong trend line and also hitting previous resistances. Comment below on what you think will happen ;)
AU - long
-down trend now seems to have reversed for a strong buy off the back of news
-waiting on pull back and re entry confirmations to long, expecting into next week also
-testing
Here is a rough estimation of where i think the current uptrend's peak will be (£7200 - hitting day chart resistance) which will then initiate trend reversal into downtrend.
EURJPY currently uptrending. A weakness in JPY has been observed with XXXJPY pairs rising over recent days.
However, this pair has came to a halt at the resistance zone forming a triple top. We look to sell to meet the upward trendline.
Potential short for 150+ pips once price action confirms bearish reversal.
Simple analysis that explains itself here. we have uptrend happening here and are now looking for that continuation to the upside based on the current trend.
Weakness expected in the DXY this week hence why this should be a simple trade.
After breaking out from the descending wedge we got stopped at the 0.5 Fib level- 1st yellow arrow -
Some profits taken there , I was hopping we will retest back on the top of the wedge , but it seems that we are forming a bull flag,
Measure move up will be the length of the pole and that will send us straight to the 0.786 Fib level- third yellow arrow -...
I've got a very strong buy bias on AUDUSD, it's at a very good zone where it can reverse
and go all the way up, we will have two positions open with two different Tp's, hopefully
it will reach our second Tp and let us bank 100+ pips
For any questions feel free to text me on telegram; my user name is Abid_fx
I also have a FREE TELEGRAM ANALYSIS CHANNEL that you...
EURCAD has broken through a long term downtrend and is close to the newly formed uptrend line.
watch this pair for a sudden retrace down but currently the setup stands.
TP - 1.48747
SL - 1.45735
Price nicely broke to the upside of what it appears to be an ascending triangle,
Goo opportunity for longs .
Those formations - ascending triangles - are bullish with the uptrend reaching the length of the base of the triangle that the price broke out from .
Surprisingly in this occasion that 's the length required to fill the gap looking left after that huge...
Sugar weekly candle just closed above the 20 ma and the 21 ema. Looking left when that occurred in the past we had at least one additional full body weekly candle close above those moving averages before trend reversal OR start of a further uptrend , especially in those cases that 21 ema crossed over the 20 ma to the upside.
Linking this idea with my...
