DXY H1 - With regards to that USDJPY setup... Looks like we have broken another key zone, however we are yet to break this resistance on DXY. Double top forming at the moment, if we reject this break through we could see the end of dollar strength. Dollar strength gained over the eastern session but we are sat on a key price to watch at the moment for a possible...
Support breakout has been seen on the lower timeframe, looking for a retest of the broken zone before potential shorts.
NZDCAD H4 - Still consolidating on this support zone, it would be nice to start seeing some bullish intervention as the retest zone is circa 100 pips from current price! Which could warrant a possible 1:3 setup.
AUDCAD melted right through that fairly large support zone that we looked to trade last night. AJ selling off quite hard in line with that lower timeframe flag breakout. Expecting a breakout of this bullish channel soon, and for price to see a pullback and hopeful short continuation.
GBPJPY currently sitting at descending trendline resistance, EURJPY also sitting on our key S/R zone, possible shorts for both pairs down to previous low price.
Short, at the top of the RH shoulder. This trade compliments the GA short too.
Simple support and resistance, once price his the red line we can expect a fall down to the green box. Low risk but high reward trade.