CADJPY created a rising wedge which is a reversal pattern. Moreover, there was a Bearish Divergence on RSI indicator at Resistance level indicating a solid confirmation of trend reversal and the break of HL is a further confluence of sell setup.
EURJPY got rejected from the Resistance area and broke the trendline Support along with previous HL. Moreover, the BEARISH DIVERGENCE on RSI strongly indicates the trend reversal.
Previously, AUDCHF was trending Bullish in an ascending Channel which respected the trendline resistance then broke the PREVIOUS HL afterwards which shows the commencement of Bearish trend. We took the trade @ 0.50 Fib retracement level.
GBPNZD broke the previous LH which shows the commencement of the Bullish trend. Moreover, there is a DOUBLE BOTTOM along with Bullish Divergence which strongly support the Bullish Setup.
A trendline support was broken by EURAUD following consolidation. A support area must be broken with the selling push. A significant decline is anticipated following the breach of a support zone.
Price has broken out of a long consolidation zone impulsively. Trade taken at 0.382 Fib retracement. Anticipation of Downward movement after correction.
USDJPY created Bearish Divergence on Resistance. Broke previous HL. Anticipation of printing LHs & LLs
USDJPY is printing a series of LHs and LLs. Sell limit at 0.382 Fib retracement.
CHFJPY Short position Risk: 0.25% Entry price: 169.675 SL: 171.895
GBPJPY on major resistance. Bearish Divergence Created LLs after the Consolidation phase.
GBPNZD printed Head n Shoulder pattern along with bearish Divergence on RSI. Moreover, it broke the most recent HL which further gives confirmation of downtrend movement.
Printed Bearish Divergence on 4hr timeframe. Broke HL.
Consolidating between Support and Resistance. Respected a major Support. Broke resistance. Entry Point at the breakout above resistance.
CADCHF respected a major Support. Created Double Bottom with Bullish Divergence. Anticipation of Bullish Trend.
CHFJPY broke the ascending channel and printing LH's and LL's. Bearish Divergence on RSI before breaking the Channel which further proves the indication of downward movement.
Falling Wedge Reversal pattern. Bullish Divergence on RSI. Respecting the trendline. Potential Buy Position.
EURAUD respected the weekly trendline. Broke previous LH on 4hrs timeframe. Entry on the breakout of resistance.
AUDUSD is in a Potential Reversal Zone (PRZ) which means there is a possibility of price going BULLISH. Moreover, there is a DIVERGENCE on RSI indicator which further proves the possibility of BULLISH TREND. So, we have placed an ENTRY POINT just above the previous LH and STOPLOSS below the last LL.