So the big day is here. I am not going to enter the market today and will let the mayhem (or the hype of the mayhem) to settle down. I like this setup. 110 is a strong resistance so keep an eye on this.
I see a EURCAD bat pattern coming in around 1.4350. Currently HSI/RSI isn't oversold yet, so will wait patiently for this to trigger.
M15 trade coming in at the low of the previous 2 weeks. Awaiting confirmation on HSI and RSI to enter.
I am watching this zone to go long on EURCHF.
Last week there was a great reaction to the crab pattern on the USDCHF. This week I see a type 2 test coming in and there is also a bat pattern forming at the same level.
I see 2 great patterns to trade AUDNZD depending on which way the market goes. Will love to short this pair again with the trend but going long at 1.0420 isn't a bad thing as it has good support.
The AUDCAD is showing a reversal to the upside. (Daily inverted H&S). I would like to take a long position on this pair if it hits the 0.9440 area.
it has been a busy week and really didn't have much time to look at charts. I see an M15 pattern coming up close to 1.3. The HSI is not aligned yet, so I can't enter the trade yet. Will wait for confirmation before shorting this. There is also the downward trendline holding this channel
There is very good support to take a long position on this pair at around 78.30
There is good structure to go long on USDJPY. If you look at the weekly chart, it signals there is a double bottom in the making. The smaller bat pattern gives me confidence to go long on this pair.
I am not going to enter this trade in a hurry. In fact I may even wait for a week for this pair to settle down. The 2nd leg of the pattern is quite drastic so I will wait for the market to tell me if it is ready to reverse. However this is a very good level to go long.
There is a bullish shark on EURNZD at the low of last week.
Last week I called a buy at 0.7160 for the AUDUSD and this pair is riding almost 200 pips now. The Point X of this pattern isn't the greatest, but there is a good structure to short AUDUSD at 0.74. However the crab pattern cannot be ignored so I will keep a sharp eye on this level.
Last week we had a losing trade on NZDCAD. This week we have a shot at redemption with a crab pattern. Pros: 1. Nice round number 2. Good weekly resistance 3. Crab pattern Cons: The Point isn't great. Going to watch for reaction here before taking a trade.
Here is another AUD short and this one has good structure to pull off the short unlike the AUDUSD short at 0.74.
Been waiting for CADCHF to hit 0.77 for the big short. Now I see a long at the current level and wait for it to hit 0.77. Nice R:R similar to what I did last week.
This bat pattern isn't the greatest but it comes close to last week's high. Likely to be a big move so have to be patient.
AUDNZD is still in a downtrend and I want to get on with this. 1.0800 is a good strong resistance and I will aim for the low of 1.0620. R:R is about 1:3