Why you should be cautious on EURNZD short. I am avoiding this trade.
EURNZD will reach 1.68 in about 140 pips. This is the March and April high and there is a shark pattern to short. This maybe the turning point for the pair but in any case, there will be a good reaction to catch some pips here.
There is a shark and gartley at the same level. Am waiting for the RSI and HSI to go to oversold before entering.
There is a 5 minute pattern to short AUDJPY. The trade just triggered.
This is a deep crab coming against the high of last week. Minimum Stop loss for a test of the low 105.55. Would be a good R:R if this pans out.
With the trend short of a bat pattern. This is the same as the AUDUSD idea, but I prefer this more due to the resistance and the bat pattern gives better R:R. It is likely both patterns will happen at the same time.
EURCAD is still on the uptrend. There is a pattern to short around 1.48. Short term trade with a risk of 25 pips with entry around 1.471 and target 90 pips.
Terry called a bearish shark on the GBPCHF. Here is a chance to enter it on a 5 minute chart!
I am still bearish on NZD but will turn long at the 0.65 level.
Short time frame alert. With the downtrend at the round number of 0.7400. Watching this for a continuation move to 0.7320 where we will look to long. R:R is about 1:3.
Trade happening right now. With the trend long
2 patterns here. A bat and a shark. And a round number 0.79. That's 3 reasons.
Bearish shark pattern and a bearish bat pattern coming up. A nice round number as well.
The EURCHF pair is a turtle but there is another reason for us to look for a short around last week's high. In fact the previous week's high is around the same area which proves to be a strong resistance. I am looking a the 1.1015 level for a short.
This is tied to the bigger timeframe short of AUDCAD