PAIR: USDCAD TIMEFRAME: 1D / 4H ANALYSIS TOOLS: SUPPORT, TREND LINE, ASCENDING WEDGE PATTERN -Looking at the ascending wedge pattern we can see that price has broken the support trend line by significant momentum and speed -We have got back to the retest region where price is now retesting old support as new resistance -We can see bearish momentum come in to...
PAIR: GBPAUD TIMEFRAME: 1W / 1D ANALYSIS TOOLS: SUPPORT, 200EMA, BOLLINGER BAND(20) -Price has hit very significant support and shown bullish momentum -We see a bounce off lower BB as well as added confirmation -Huge bullish hammer formed POTENTIAL PROFIT: 350 PIPS POSITION: LONG WAITING FOR CANDLE CLOSE
EURAUD has stuck to the current bearish trend line for months now and we are finally seeing another bounce from the pair. On top of that, we can see price has also bounced off a very significant level of support turned resistance showing us that trend will be continuing. Targets are around 700 pips as we reach for the weekly swing low
CADCHF is about to hit very significant resistance and we are either anticipating a drop or a break, due to the bullish nature we have seen. If we break the short term trend line we will expect a drop in price
AUDUSD has been in a short term uptrend for some time but we have finally hit this very historical trend line on the Weekly chart. We have also hit dynamic resistance and seen bearish reactions from the Fibonacci Golden Pocket.
GBPUSD: We can see how price has been ticking to a significant trend channel. The GBP has only ever shown weakness this year which is why we anticipate another drop. Once we get confirmation we are going to enter ourselves. We are looking for significant bearish momentum with the candle sticks and a break of the channel.
USDCHF has been bouncing around these two levels (RED) and hitting significant resistance whilst doing so and cannot seem to break past it, we have just closed down past support and we are in run for a bearish move, we have put our TPs according to previous market structure and have aimed for the last swing low
We have just seen a very significant level of resistance break and we have entered one position with a TP at the next major high. There has been alot of strength for NZD so we are looking for a big push upwards
We can see how the level of resistance price has now touched has been very very difficult to breach throughout the past few months. To back this up we can also see we are in golden areas on the Fibonacci to see price continue in its downtrend. Once we break our short term upward trend line (RED) this will be enough confirmation to enter short.
AUDJPY price has just hit very significant resistance and is showing signs of a perfect double top, price has also closed past the short consolidation period at the top of resistance on the 15m chart so we are all ago for a bear move
CHFJPY has hit all time record with this mad bull run we have seen in the past months. We are currently in an ascending triangle and we do believe price will break out bullish. The TP's you can see cover the gap between the break up to the yearly highs last year. Altogether there is a nice 200 pip move if we do fill this setup
Price has broken pullback trend whilst also bouncing of significant support. After we can see price retested old resistance trend line as support and has started to show bullish momentum
We can see a small trend line which price has been using to push further bearish in this consolidation period, we entered on this bounce and are aiming for the bottom of this consolidation and beyond incase we get a break
We can see price has broken the bullish trend channel significantly and also has broken short term but significant support, we are aiming for the next level of support TP wise and further
EURUSD has been bearish for quite some time now and a break bearish would not be surprising at all, as soon as we close below support we will be entering
We have been moving between these levels for some time now and GBP has shown us alot of weakness within the past few weeks so this scalp is a very high success rate
We can see price has been bouncing between these levels for some time now and we have finally had a close bullish on the 30M chart. We are aiming for around 250-300 pips with a small SL
Here we can see we have hit significant resistance and have plenty of room to milk the pair until we reach a possible re-test of the resistance trend line turned support