Trend: Uptrend Key Level: 1.21519 - 1.21779 Entry Signal: Waiting for price action signal before taking longs. Price is also lining up with ascending trendline and 50 EMA
Trend: Uptrend Key Level: 0.75608 - 0.75771 Entry Signal: Waiting for a evidence of bullish price action to give third confirmation
Trend: Uptrend with a potential rising wedge pattern forming Previous broken Key Levels: 28,8400 and 29,200 Signal: Waiting for breakout to upside or downside for wedge pattern
Trend: Uptrend Key Level: 1.05500 Waiting for this market to pullback from 1.07000 to retest recently broken key level 1.05500 as support.
Trend: Uptrend Key Level: 77.000 Looking to see price pullback to key level and show an entry signal to take buys
Trend - Overall Uptrend (HTF), Break of uptrend structure (LTF) Key level - 1.06500 Entry Signal - Waiting for entry signal in key level zone after the pullback
Trend: Downtrend Key Level: 1.27391 - 1.27435 Entry Signal - Waiting for confirmation 1:3 RR
Trend - Uptrend Key Level - 1.06600 (Resistance), 1.05800 - 1.05600 (Support) Signal - Waiting for the signal at golden zone or key level zone
A break of structure in an uptrend is when the market is in a pullback phase and breaks and closes below the most recent valid HL. - A HL in an uptrend is valid only until the market makes a new high. However sometimes the market produces what we call a "complex pullback" which is essentially in this case is a downtrend within the pullback. This is why it is...
Trend - Downtrend Recent Key Level - 1.30000 (Previous support turned resistance) & 1.27000 (New support) Bearish momentum has been slowing down which could be an indication that price will begin a retracement. Will need to see a break and retest of resistance on LTF, followed by a Bullish Daily candle close for confirmation.
UCAD has failed to create a new high after consolidating this week. It appears that it has created a bearish rectangle continuation pattern. I'll be waiting for this market to retest the recent broken lows before placing shorts and holding until the 1.26000 area.
NZDCAD has failed to break and retest above 0.90400. The recent H4 candle has broken an area of support and we can see a potential retracement towards the previously broken support or 0.90400 to give a deeper retracement towards the 0.89000 zone. This market still has the potential to continue bullish momentum and reach 0.90600 as well.
NZDCHF has created a new high after consolidating so far this week. Buy limit has been placed at previous resistance (0.62643). If this level can hold has support, I'll look to continue buying this market until it approaches 0.63300 area.
Continuing from the previous analysis: UCAD looks like it is creating a potential double bottom pattern. If we break and close above 1.28335, it will confirm the pattern and provide more evidence that this market is starting a potential retracement based on the weekly timeframe.
UCAD has broken a previous low, indicating that this market has the potential to move lower. Now I want to see this market pullback to retest previously broken structure. I want to see this market transition back to an uptrend on LTF and Shift back into a downtrend once it retests the previously broken LL
NZDJPY is slowing down in Bullish momentum after breaking past previous resistance. At this point there's potential that the market will pullback. We won't get our confirmation for weekly sells until the upcoming next week's candle closes below the this week's candle. Once that happens, we can look for shorts once we see a break of structure on H4 and aim to...
CADJPY has pulled back to previously broken resistance and is showing weak bearish momentum near a Fib Zone, which is a signal that the market is potentially finding support at this area for the next push. Structure has already shifted on LTF so buy limit is placed at previously broken LTF structure. A break below this current H4 candle wick invalidates setup.
EURNZD is creating higher high's and higher lows on lower timeframes indicating that the market is making a potential retracement based on the weekly structure. I want to see this market pullback to the previously broken support zone to retest this area as support again. Overall targets between 1.74000-1.75000 area.