EURAUD, train has left, but looking at 1.72, keeping an eye out for breakout, retest continuation
Watching reactions of the GBPNZD comping up to some key levels and 50EMA
German DAX, has broken out of the cloud and now has retested the baseline price. Just above the Cumulus Cloud formation. In addition price has bounced off the 61.8% and is moving higher. We are looking for the Retest of 1180. From there we should move much higher, but keeping an eye out.
NZD/USD is currently in a triangle, putting measure towards the top side. Price is still in the Stratus Cloud formation, and future cloud is a Bearish Cumulus formation, downside still strong. In addition the 50% has been broken but still room up to the 61.8% before possible rejection. Lagging line Is still fighting price, and under a Cumulus cloud and base line...
Short the GBPUSD on the test of the retest of the trendline. Although an early entry (candle not closed) I believe we will see a move down to 1.5325 before a real real breakout
So Price has broken through my bottom Trend Line, and is moving lower the bottom of the Fib + 100 SMA (purple pillow) I believe price will bounce here and continue to channel or move lower. Time will tell, no trade keeping an eye on this pair...
Price broke above my Down TL, and closed, maybe a pullback to test, overall market is down, however on the short time there maybe a correction here 50% to 61.8%. My bet is to the 61.8% because of confluence with previous Supply Zone
EURJPY has a range of areas it may want to go. Since the upTL hasn't been broken yet on almost 3 attempts, I suspect it will hold up. The Future cloud is a Stratus cloud formation, dry, side ways, but has turned to the downside. If price breaks the TL it has much room to move down. If it does not it will continue its channel until there is huge reason for supply...
If price breaks below the trend line & the Stratus Cloud Formation, we would look to short the USDCAD for a intraday swing lower. We are neutral until price shows its intentions. Trade what you see not what you think.
The S&P 500 has been on a 3 year run upwards, we are expecting the same with enough news or momentum. However we are just monitoring these levels at the moment. Future cloud is is in a bearish formation on the Daily, which indicates to us indecision, and lack-luster volume. Price is currently consolidating...
We are leaning to a bearish DAX due to it Being under the Stratus Cloud Formation Making a lower high at the top of the Trendline (Black) Bearish Future Cloud (Kumo Bear Twist completed) However we see two scenarios that could play out and will wait for confirmation of break of either Trendline (Blue or Black) on the Daily time frame.
We are already long on USDCAD on break above the Blue Trendline Wait for price to breakout of the Cloud Cumulus Formation for true bullish confirmation Future Stratus Cloud is bullish, and turned up to the upside Trail Stop, if entry is triggered by the Kijun-Sen Our max stop is below previous Fractal Low Profit Target #1 is the price touch of the...