POTENTIAL SHORT FROM EITHER A RETEST OF THE TREND LINE OR 4 HOUR SUPPORT
PRICE HAS BROKEN A BULLISH PRICE STRUCTURE ON THE LOWER TIME FRAME AND MAY BE ABOUT TO REVERSE. WE MAY SEE A CORRECTION TO THE 38.2 FIB LEVEL/WEEKLY SUPPORT. I WILL BE LOOKING FOR A RETEST TO POTENTIALLY GO SHORT.
IF PRICE CAN REACH DAILY RESISTANCE/TREND LINE I WILL BE LOOKING FOR SHORT SETUPS AS PRICE IS ALSO IN A DESCENDING CHANNEL.
AS PRICE HAS REACHED MONTHLY ZONE AND ALSO ASCENDING ON THE TREND LINE I WILL BE LOOKING FOR A BREAK IN STRUCTURE WITH SOME LL AND LH. I WILL BE ENTERING SHORT IF PRICE CAN RETEST MY ASCENDING TREND LINE.
IF PRICE CAN RETRACE BACK TO THE SUPPORT ZONE/0.38 LEVEL ON FIBONACCI I WILL BE LOOKING FOR LONG ENTRIES
POSSIBLE LONG IF PRICE CAN RETEST RESISTANCE ZONE ABOVE CURRENT PRICE THEN I WILL BE LOOKING FOR LONG ENTRIES
AS PRICE HAS REACHED THE TREND LINE AND RESISTANCE I WILL BE LOOKING FOR SHORT SETUPS AS THE OVERALL MOMENTUM IS BEARISH. BUT KEEP IN MIND THAT PRICE ALSO HAS HAD A STRONG BULLISH MOVE WITHIN A DAY SO I WILL LOOKING OUT FOR POTENTIAL BREAKOUTS ALSO
IF PRICE CAN BREAK THE MINOR SUPPORT ZONE AND RETEST I WILL BE LOOKING FOR SHORT SETUPS TO CONTINUE WITH THE TREND
I WILL BE LOOKING FOR A BUY SETUP AS PRICE IS NEARING THE SUPPORT ZONE AND THE TREND LINE
I WILL BE LOOKING TO GO LONG ON THIS PAIR AS PRICE IS RANGING AND HAS REACHED ITS SUPPORT
PRICE LOOKS TO HAVE BROKEN RESISTANCE AND NOW USING IT AS SUPPORT I WILL BE LOOKING FOR A BUY ENTRY AROUND 0.68900
MY BIAS FOR THIS PAIR IS SHORT BECAUSE PRICE IS AT A OVERALL DOWNTREND AND HAS REJECTED THE DESCENDING TREND LINE AND HAS FORMED A HEAD AND SHOULDER PATTERN, I WILL BE LOOKING FOR POTENTIAL SHORT ENTRIES AT THE NECKLINE OF THE HEAD AND SHOULDERS PATTERN.
CAD/JPY POTENTIAL TO GO SHORT DUE TO A FEW FACTORS, PRICE HAS RESPECTED THE DESCENDING TREND LINE AND ITS ON A OVERALL DOWNTREND. PLUS AS YOU CAN SEE PRICE IS ALSO TESTING A RESISTANCE ZONE
IF WE COULD GET A STRONG BULLISH CLOSE BELOW THE SUPPORT ZONE I WILL BE LOOKING TO SELL
EUR/CAD MAY HAVE BROKEN A WEEKLY TREND LINE AND SEE A CONTINUATION DOWNWARDS, I WILL BE LOOKING FOR A CONFIRMATION OF A DOWNWARD TREND AND LOOK FOR POTENTIAL CORRECTIONS TO ENTER AND GO SHORT
POTENTIAL CONTINUATION OF UPTREND AFTER RETEST AROUND SUPPORT ZONE
POTENTIAL CONTINUATION OF THE UPTREND AFTER CORRECTION BACK TO TREND LINE/SUPPORT ZONE