After bagging up 160 pips at the 31.8 fib level, it looks like GBPUSD wants to reach the 61.8 level as it broke the previous resistance. Stochastics on the daily chart is also shooting up!
GBPCAD is currently moving in a S/R level. In the 4h or daily chart we can see how price has touched the trendline 3 times and how the bullish momentum is disappearing. If price bounces I will be calling a short with 60 pips SL for a potential 200+ pips profit. 4h Stochastics supports the selling scenario.
Expecting USDJPY to break the trendline after the third touch and drop towards my next support zones. TP 1 would be 110.00
NZDUSD broke the resistance and retested it as a support. Expecting a spike up towards next resistance in 30 pips
AUDCAD to go up and touch the next resistance zone after retesting the previous support.
RSI divergency has been spotted on the 4h chart, which adds to the bounce on the 50 Fibonacci level (also support area). Stochastics are also indicating that a new bullish movement is coming. I'm expecting the pair to shoot up towards the new 61.8 fib level which is also another S/R area.
CADCHF recently created a new Lower High on the major down trend that is happening. If the pair breaks the support where the price is floating, we should see the last Elliot wave that could potentially give us nearly 500 pips. The weekly chart shows this idea clearly. We just need to wait for the weekly Stochastics to cross each other and we are good to go.
After breaking a major trendline, NZDUSD is now retracing back to probably retest this. We can get a good +80 pips movement from this pullback before it drops again. The Stochastics on the daily chart is ready to shoot up.
Expecting NZDCAD to meet the S/R again and from there we will see if it bounces and creates a new Higher Low and continues the bullish trend or if it comes back down to the consolidation area where it's been for a month
EURUSD is struggling to climb back up, but price couldn't go lower for the past 2 years. I'm expecting the pair to climb back up and start a bullish trend as Stochastics are indicating so. Will buy this pair once it crosses my resistance area.
AUDJPY broke the trendline. The pair just retested and bounced on the resistance area, which is also my 61.8 fib level, a good level to enter in a trade. Looking to short this pair for 100 pips, until my next support level.
EURJPY broke the trendline, will be looking to short this pair until my next support at 123.00
USDCAD couldn't break the resistance at the first try but it has bounced at the 38.2 fib level, which indicates that the next bullish wave should be starting soon leading to a breakout of resistance level.
After breaking out the bullish trendline, CADJPY retested this, which is also at my 38.2 fib level. Bouncing at this area could lead to an aggressive bearish movement. I will be looking to short this pair once it crosses my S/R area.
USDCAD which have been called in my previous ideas is now running on 150 pips profits. The bulls are loosing momentum so I can see a little retracement retesting the last bearish trendline which is also in my 38.2 Fibonacci level, to keep going up later on.
EURJPY couldn't break the bullish trendline it has created the past few days. I can see it going up forming a double top as we have a very strong S/R area right above
GBPJPY Broke the trendline and retested, expecting a drop towards the next support level
After breaking the bullish trend, I called a short on this pair, however, the currency pair shot up stopping me out. Currently, the pair has formed a double top and it looks like a bearish trend is being made due the formation of the most recent trendline. If the currency pair moves down, I will target 150 pips where we have our 61.8 fib level,. Will be risking 50 pips.