CADJPY bounced of supply and made a nice correction, but did broke a previous high before doing so. Now price is printing a bullflag, which might mean that a breakout or change in character might offer a long setup.
Alright, back in town. After some tweaking and testing to get my system more mechanical, so I can take setups easy, while at work. EURUSD short setup. Current correction seems to fail at breaking the previous high, while we punched into the supply zone and it seems it's turning around. A break of the most recent local low would be a change of character and in case...
GBPUSD rising in this channel with a triple strong bounce on the top and two on the bottom and now struggling with the 3th bounce on the bottom of the channel, while price hit a historical supply and seems to have double topped into it. So if the struggle keeps going and price breaks down the channel, while taking out some local bottom wicks, it might offer a nice...
Price hovering around two potentially supply zones. Looking for a double top and otherwise an apex in the second zone, where also a poc can be find. Might offer a bet on the short side.
EURUSD in a similar situation like GBPUSD. Hovering around a local supply, while in a rising wedge formation, bur less sharp. A break to the downside and break of the wedge might offer a similar setup to the downside.
GBPUSD hovering around some supply liquidity, while also being in this rising wedge. A break to the downside and break out of the wedge, might offer a short scalp.
EUCAD hovering around a demand zone in this squeeze/compressing pattern. A break to the upside might offer a scalp trade to the upside. More specific TA in the chart.
Although you could build a case for a bottom reversed H&S long. It's actually a short setup that I have in sight. It's because it's a broken demand zone that became a supply zone and it had a significant local rally afterward. So for me it's basically two setups in one. A supply zone and bounce zone, which could indicate a very strong zone for a correction or...
EURAUD hit supply and seems to be at a top of a channel, might offer a nice scalp downward
EURGBP seems to be heading to a massive supply zone, might be a good zone for a massive correction or even a local trend reversal
Potential short scalp setup on GBPUSD as price punched into a local supply area.
GBPAUD made a significant rally up and is now facing its first serious correction since days. However, it's also closing in a demand zone, which might offer a chance for a scalp up. Ideally price would make a bottoming pattern showing some weakness in the selling power.
EURCAD seemed to bumped into supply, while also in this intraday wedge and topping on the roof of a larger local triangle. Might offer a short setup to at least scalp some pips of.
EURGBP closing on a demand zone, while also closing in on the bodem of what seems to be a broadening channel. Ideally would be something like a double bottom or a compressing pattern that shows signs of buy volume coming in and rollover.
A potential fake out scenario on USDCAD, where price is ranging in this falling wedge. But instead of a breakout scenario, we could see a fakeout on the downside, which brings price to a local demand zone and might offer a scalp up for a long.
EURUSD bouncing around supply, might offer a scalp to the downside
AUDJPY presents two short zones. The first at the top of a channel and second if it fakes out the channel.
EURJPY seems to be topping in a supply area. A break of its recent low and out of the zone downward, might offer a short setup. Be sure to get some confirmation when trading these setups.