Aperna

Aperna

I like finding demand zones within larger timeframe patterns like candlesticks. These are found within a daily bullish engulfing pattern.

Aperna

Daily bullish engulfing pattern formed around the 20EMA of EURNZD. With this candlestick pattern it is more likely that EURNZD will continue it's uptrend.

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I've been watching USDCAD. USD has been strong and driving the way against the CAD. Current RS reading: USD = 6, CAD = 1. Demand is lower on the 1hr and 4hr. I'm waiting for price to drop to demand or create new demand higher. Bullish Bias on USDCAD.

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EURGBP is holding newly formed demand on the daily after creating a weekly swing low at demand around .8500. As price moves higher, targeting .8612 supply and then .9750 resistance, demand will be created and/or respected while supply will be removed. Higher potential reversal spots are the target areas and I'll be on the look out for newly formed supply there.

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22.46 Supply needs to hold or my bearish thesis starts to break down as the bulls push to form a double bottom on the daily. Sentiment is till very bullish and I remain bearish. If price trades higher, next strong supply is $23.51

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AUDCAD is extremely weak. Daily close below .9000 opened the door to .8750. RS reading: AUD = 1, CAD = 4. Bearish on all timeframes

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AUDJPY trying to form a bottom with what looks to be an inverse head and shoulders pattern. Location on the higher timeframes, daily and weekly, look good. This would be considered a counter trade trade because daily is down. Because of the riskier nature of counter trend trades, confirmation is best. Seeing price rally out of the area would be a good sign for...

Aperna

Looking for short GBPUSD opportunities. I see downtrends across the board looking at 1H. 4H. daily and weekly. Very bearish and most likely will continue going. RS reading: GBP = 2, USD = 5.

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Looking for shorts on AUDJPY like this supply zone above current price. AUD has been getting hit hard while JPY has climbed to the top 3 strongest currencies. RS reading: AUD = 1, JPY = 5. Daily trend down, continuation is higher probability. Always watch out for signs of strength while shorting but until then down down down.

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Supply above offers a nice low risk, high reward and high probability entry short. AUD has continued to loss strength since its November 1st (relative strength) highs, USD in beast mode. RS reading: AUD = 1, USD = 7.

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GBPUSD starting to show weakness as supply zones are being created. USD has been the strongest currency since November 10th. This looks like to will continue. 1h supply at 96.30 on DXY and 4hr and Daily supply zones even farther away at 97.60 and 99.00 respectively. RS reading: GBP = 3, USD = 7.

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Watching this area of demand that GBPAUD is trading at the moment. GBP has been gaining strength while AUD has been weaker. RS reading: GBP 3, AUD = 1. Personally, I'd like to see GBPAUD rally out of the area as a form of confirmation before entering long. Also FX closes today, best to wait till the open for less risk

Aperna Updated 

AUDJPY is currently in supply. Confirmation of AUDJPY weakness will be once it starts trading below the current area. RS reading: AUD = 2, JPY = 3.

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Looking for a short if the market trades at the area of supply above current price. USD still stronger than EUR but the spread between them is not wide. RS reading: EUR = 1, USD = 3.

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Looking for longs on NZDJPY still. NZD has remained stronger than the JPY although JPY has narrowed the distance a bit between the two. RS reading: NZD = 6, JPY = 2. Still a good spread between the two. If equities continues to rally the JPY should stay weak. Waiting for price to enter the area of demand below current price

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AUDUSD has reached a daily area of demand. 1H demand zones are starting to form. Instead of entering today, I'm waiting till next week. No need to increase risk by entering to hold over the weekend.

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CADJPY hanging out in demand. RS reading: CAD = 5, JPY = 1. Looking for demand to hold. weekly + daily uptrends

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A very bullish candlestick pattern has formed on the daily chart and usually creates an immediate reversal when it works. The pattern: Bullish Engulfing. This is a good sign for the future of GBP strength against the dollar. Current RS reading: GBP = 2, USD = 3. I like the area below price, deep within the engulfing pattern while RS values are close together.