A 200 pip buy opportunity for next week. Price retested the support zone, but with a higher low = bullish optimism? We will see where the market opens with the Gap, however I predict a gap down and then a bullish movement.
A 40 to 50 pip short opportunity has possibly emerged on EURUSD Another bearish 4h candle is needed to provide ample confirmation for a short, however. For now, this is on my watchlist only.
Previously, you can see how price met the resistance at the 1.4890 area and formed a triple top. Now, price is once again at the same resistance level. Although I cannot promise a double top, I believe that a bearish movement down to 1.4660 will be seen quite soon. This is my own analysis and interpretation of the pair. Please comment an idea or a criticism, it...
Recently this pair showed a second double top at the same resistance level. I predict the pair will go down to complete the second shoulder of the inverted Head & Shoulders. After that, it could go up to test the neckline of the formation. IF it breaks out of the neckline resistance, we will have a much better chance of a long position. For now, watch the...
A possible 50 pip short has emerged based on my previous analysis this weekend. Price has reached the resistance area of the symmetrical triangle. After a bearish candle forms on the 1h, I will short. If price breaks out at any point, watch for a bounce from or a breakthrough the horizontal support and resistances surrounding the triangle.
There is no Long/Short bias on this pair based on the setup, however, all GBPxxx pairs are considered bearish in the long run. When price eventually breaks out of the triangle, it will have to deal with the horizontal resistance at 1.2326 and the horizontal support at 1.2087. From there I will probably post another analysis.
AUDJPY is in a downward channel with well-tested resistance and support trendlines. The first trading week of November, price should react bearishly to the resistance shown in the chart. From there, we are likely to see a price drop to the 76.00 area. For now, however, it seems as though 200+ pips could be made here.
AUDNZD has retested the 1.075 resistance zone. It has formed a Double Top just like the previous time. Price is now at the neckline of the double top. When markets open, price may gap up and then go down to fill the gap. A bearish movement down to the area of the first shoulder will then most likely occur. From there, it may complete the Head and Shoulders, but...
A short for a couple hundred pips. Watch out for U.S. news at 8:30 AM Eastern Time US, Price has yet to form a strong bearish candle in response to the resistance contact. Keep in mind that this pair broke out of the resistance trendline of a relatively long-term symmetrical triangle. I believe this could be a profitable short opportunity nonetheless. Decreasing...
EURNZD Daily This pair retested support, with a bullish candle on the daily TF for long confirmation. Triple bottom completion if price reaches 1.5840 and breaks through. However, for now we may have a bullish outlook with a target of 1.5635 and a stop loss below 1.5100. Also, MACD support a buy.