JakemeC

JakemeC

or USDWTI, it has formed a head and shoulders pattern and signs of fading momentum. It has broke the lower zone to the top zone and has come back to the lower zone. The market is shifting sideways at the moment and I will only look at the this if it break the neckline for a possible long term trade.

JakemeC

For AUDNZD I see fading momentum happening and divergence. It hasn't been respecting the 20SMA for the past couple of days, so this will only grab my interest if price break the trendline for it has been respecting it beautifully.

JakemeC

For USDJPY I also see fading momentum to the upside and divergence. It is also forming a rising wedge, which is a chart pattern for a possible sell off. I'm also looking on this pair for a possible swing as it will only grab my interest once it has break the trend line.