AUDJPY is fast approaching a fresh supply zone. We seen price close on the daily @ 95.250 and 95.500 on the 4HR. I have set this as my zone to look out for rejections as the supply zone has not yet been visited again which indicates we may have sellers waiting
To begin the week I look to see CADJPY retrace, we seen sellers trapped on the fake sell off of the upper trend line of the bull flag. Their SL will be wiped and that allows us to see sellers move in to test the breakout zone, My second sell off zone if we continue here would be 105.000 but I have a good risk/reward set up which will allow for 2 different entries.
CADJPY looking to rise higher on CAD beating its GDP anticipations and JPY losing value on the Bank of Japans policy changes that have been spoke about. Technicals reflecting fundamentals well looking to even higher on this pair as marked
Looking like a simple reversal pattern. Inverse head and shoulders. Currently the neckline has been broken and we look to revisit highs.
Inverse head and shoulders forming on the pull back of the dollar. I am looking for the market to balance off and re-test its previous breakouts that haven't been visited again yet. As shown 2 points of interest
Reversal pattern has formed as the DXY pulls back, I believe we could see a further drop into demand unless we see some more interest hike rates. For now short term basis target time frame is by the end of the week
Golds down channel that's been going on for the last month or so has finally been broken, this could cause us to see a push upto the 1907 level where we would remain in a overall down trend. Good entry around 1836 level for this trade
Has showing signs of a 400 pip reversal, good opportunity very simple set up we need the neckline to break to confirm pattern
Skeptical about taking buys in indices however I trade my style of trading and im looking at a buy set up. SPX looking to take and inverse head and shoulders set up. with the pivot shown. We must not close below the pivot if we hope to go higher to the R1 target area at 1.414%
Pretty simple setup as we look to form a market balance and correction. Price has double bottomed and looks set to back test its breakout where we could see more shorts but lets stick with our current set up for now
131.25 res has held 2x now, deeper support potential ~128.71. CPI tomorrow could shake things up
Our XXXJPY pairs have found the top short term, pairs are all setting up reversal patterns and I am looking for sell entries on the break of the necklines. Target is where we saw slight pullback and more buys from previously. It does look like the YEN has found some form of small support until something else happens
GBPAUD I believe we can get a good 400 pip trade with minimum risk. We appear to have created a double bottom which has formed the base Now if you go from the 4HR to the 30M TF, we can see a reversal pattern an inverse head and shoulders which would give us a good place to get anentry on the break of the neckline.
Looking as if the YEN has maybe found some stability or support for now. Currently showing a head and shoulders reversal patterns which would fill the market imbalance and re test the breakout area of the previous cup & handle. Entry - Break of the neckline as highlighted
Looking bullish going into Tuesday afternoon. Had a large push down and has bottomed with a simple reversal pattern. Use low lots due to the volatility has a good risk reward average of around 5.00 depending where you enter.
Been looking at GA to bottom for a while we first had the reversal pattern now we have seen a larger pattern occur as a cup and handle
Starting the week bullish on GJ. We have seen real use for concern for the YEN along with Japanese finance minister stating "they may need to take action on forex conditions". Seeing a reversal pattern forming to push up and balance off the market
GBPNZD has been setting up for a couple weeks now and I still maintain a reversal is in order. Inverse head and shoulders should play out this week ahead