SLouise96

SLouise96

USDCAD has recently shown a reversal on the 4hr timeframe, consistent with the daily, 2hr and 1hr. This reversal leads to a continuation of the long term downtrend. Price broke through a short term level of support from both above and below, but has since failed to reach high enough to attempt another breakthrough. I’m taking this as a confirmed rejection for this...

SLouise96

NZDJPY briefly broke through support before and then declined. It has quickly approached the price level 87.623 and is attempting to close above. We can see already on the 1hr timeframe that this has happened - a closed rising candlestick above support. This is also a break of the ascending triangle that I have identified. Reasons to take: - Stochastics are...

SLouise96

As you’d expect, GBPNZD is another currency pair taking a downfall. With a confirmed short term downtrend and a break in its original uptrend. This is the second most recent attempt at testing the 2.09324 floor. Reasons to take: - Price has broken the support floor of my descending triangle establishing a new lower low - Price is below the EMA100 - Momentum is...

SLouise96

We have seen GBPCAD pierce it’s positive trend line recently - as with the majority of GBP pairs. The relative weakening of the pound has brought GBPCAD into a pending bear market. The descending triangle that I have identified has had its support base broken and retested multiple times today. Reasons to take: - Momentum is negative and downward facing -...

SLouise96

Currently retesting 0.8609 after breaking the ceiling support of the ascending triangle I have identified. Reasons to take: - Price is above EMA100 - Support has been broken and in process of being retested - Momentum is positive and upward facing - Stochastic is over 50, upwards facing, overbought Entry: 0.86118 SL: 0.85700 TP: 0.87270

SLouise96

I’ve identified a ceiling with a double top formed by two rejections of said support. Momentum is also downwards facing and negative. Entry: 1926.17 SL: 1931.50 TP: 1917.50

SLouise96

EURNZD has entered into a short term downtrend, having broken its support @1.8039. Price has rejected and is currently retesting this level of support from below. We can see that price has also begun riding the lower BB, although we are still seeing values above the EMA100. It is still well within its longterm positive trendline so ill be setting TP to the...

SLouise96

We can see that GBPJPY has recently broken its positive trend line and started to establish bearish nature. I have established a descending triangle with a targeted entry:182.644. Reasons to take: - Stochastic is downward facing, below 50, oversold (%D is currently touching %K so waiting for it to be above). - Momentum is declining and negative. - Riding it’s lower BB

SLouise96

GBPNZD is another currency pair that is showing promising signs for a short, although I’m staying cautious as this is just the start of the trend reversal. Expected entry: 2.90400

SLouise96

It seems as if the recent uptrend and strengthening of GBP is history, as the current bearish behaviour appears set to continue. We have seen the same pattern across various GBP pairs and GBPUSD has been no exception. The descending triangle I have established places an entry point in the region of 1.22788 although I expect a potential pullback to 1.25100...

SLouise96

NZDCHF is in a long term downtrend on the daily time frame, although is experiencing a recent pullback within the parameters of its trend line and support. I expect this bullish move to persist for a small while longer as price appears to be gravitating towards the declining 100EMA. Perhaps a rejection of the 100EMA, trend line and potential short term AOI at...

SLouise96

Around 3 weeks ago, GBPNZD showed sighs of a reversal as the bears took over. This recent downtrend seems to be holding out with little sign of changing direction in the coming week. It is currently experiencing a pullback within the limits of its support and short term downtrend. Waiting for a 4hr close beyond 2.09842 and a retest of the soon to be...

SLouise96

We can see price falling just short of 1900 as it bounced straight back up earlier today. This strong rejection might be starting up a reversal of the short term fall in gold prices. Signals are mixed and the bias goes neither way as of current. I’m still confident of a retest and breakthrough of 1900 with the target of 1885 in sight as a stronger floor. We’re...

SLouise96

The past month on the 4h timeframe has demonstrated and confirmed a trend reversal of AUDCHF. I’ve identified an ascending triangle at which price is coming to the end and attempting breakthrough of its ceiling 0.57496. Reasons to long: - Momentum is facing up and positive - Stochastic is overbought, upward facing, and over 50 with %D above %K - Price is in an...

SLouise96

Price has consistently bounced between 1.12411 and 1.10891 for almost a month now with particular focus 1.11671. Price wise, I see no bias in the direction as it remains pretty steady during its consolidation period, almost slowing down. It has been supported by both an upward and downward trend line, now with very little movement. Leading me to suspect an...

SLouise96 Updated 

GBPNZD has entered into a recent downtrend. Its currently testing its floor support at 2.11274 with a heavy rejection of the EMA100 on the 4h timeframe from below. We can see a descending triangle formation starting at its peak and current price close to breaking the lower level of support again. Aiming for2.09100. Reasons to take: - Below EMA100 - Descending...

SLouise96

So both the 4 hr and 1hr timeframe can be seen with this bouncing pattern that decreases overall. A slight pullback occured last week but as the market opened, we have continued the recent downtrend. I currently have trades running with a TP 1903.500 but will be looking for entry again once this support has been broken. Im expecting price to be taken all the way...