Raidan96

Raidan96

Rejection of drawn resistance zone, 200 EMA, bounce off upper BB on 4 hour, and trading below Ichimoku kumo cloud all serve as significant points of confluence to signal a short trade.

Raidan96

Look to long after this pair starts trading convincingly above the 200 ema on the 4 hour.

Raidan96

This is the trajectory I currently have mapped out for this pair, relative to fib levels and lines/zones of support and resistance I have drawn in purple. Short entry is 82.496.

Raidan96

So far, this pair has been moving within the key levels and trend line I have established on this chart. If it continues doing so, I see it following the path I have drawn here..

Raidan96

Just the basics here..

Raidan96

GBP seems to be rather indecisive at the moment, but opportunity nevertheless exists to secure a decent number of pips. This particular pair is currently nearing a 3rd touch of support, as drawn here. It will either bounce hard again to the upside or fall to the nearest lower key level, which I see as 2.00173(ish). Look to long if price hits said support and...

Raidan96

Look for retest of trendline as support, then long.

Raidan96

See key levels

Raidan96

EURCAD has strong bullish momentum, and I see these paths for price action to follow.

Raidan96

Here we see a solid rejection of resistance via a long-wick bearish candle followed by continued (short-term) bearish momentum. My idea is short until 1.84018 then wait for either a bounce back to 1.86790 (trajectory 1) or a break through until price hits the channel support (trajectory 2)

Raidan96

Key levels shown here lead me to believe the pair will continue its current, brief correction and then continue in line with bullish sentiment.