Similar outlook on EURNZD as EURAUD. Taking my buys here.
NB: Before you take on any trade make sure to check out with your analysis.
Do follow up for more updates.
Lots of confluences surrounding this setup plotted here.
- Monday's daily closure left a big fat wick which might get filled up.
- price is rejecting 4H EMA
- simple break of structure on the H1
NB: Before you take on any trade make sure to check out with your analysis.
Do follow up for more updates.
Price failed to break the highs as we witnessed last week, creating a double top at a round number. I'm anticipating price to make it's exhaustion and this could be a very good intraday setup for this pair.
The steeper a trend line is, the more prone it is to breaking. Anticipate a breakout for shorts on CADJPY as we are currently at a level resistance on the Daily time frame with an extended push phase. We could see the exhaustion this week!
Clearly, USDJPY has been squeezing with no clear direction. Structure isn't all clear to me but I see a BIG PUSH coming either side. For now, I'll make use of the intraday setups on the lower timeframes.
Looking what price did in the last couple of weeks, we witnessed price failing to break structure highs, giving us a double top or even, triple top. On top of that breaking the trend line and retesting. EURUSD is likely to continue down if we happen to break the current structure low. If that doesn't happen and the highs break, then there we'll have a change of bias.
EURJPY looks very bullish despite the rejection at the resistance after the spike. Perfect setup for a swing.
- Support
- Fib 61.80 rejection
- DB at support
- Bullish Pattern
- Trend line
USDCHF looks promising after a double bottom been formed on the daily timeframe. It is therefore anticipated that the trend line broken has been retested and we should see it fly.
GBPUSD upon recent market structure, has failed to make lower lows. It is anticipated that price should break the downward trend line and retest to make it’s final move to the top.
Alternative scenario is, if price fails to break, then we should see a bit of a squeeze.
After price failing to make Lower Lows of the Bearish structure on GJ and making tests on the support zone, it is anticipated for price to break the downward trend line to the upside.
