Possible long on NZDCHF.
Will see how price rejected at support on monday.
I don't particularly like where the 200 day MA is and it is not pointing to a clear trend direction.
Will be keeping an eye on the strength of this pair
Possible short opportunity on EURCAD.
- Price action; in line with the downtrend and 5th touch on the trend line
- Confluence between 200 day EMA, and indicators
- Rejection at 78.6% Fibonacci level
- Fundamentals; EUR weak due to poor vaccine rollout
Possible long oppotunity on AUDJPY.
- In line with the current uptrend
- Positive confluence among indicators
- Price action confirmation; 4 touches on trendline (4th touch can be seen prior to Feb 25th 2021)
- rejection at the 61.8% Fibonacci level
This sets us up for a high probability trade, I line with the strategy.
Lets see what happens!
Possible long opportunity on EURCHF.
Buying at support where the price is holding.
- Going with the current uptrend
- 61.8% fib rejection level.
- Confluence among indicators
- Price action
Nice high portability setup.
Possible short opportunity.
Price has been rising in the descending channel.
We could see price reject at previous support and the 50.0 fib level.
Or, Price could reach resistance of the channel and reject at the 61.8 fib level.
The overall trend of this pair is bearish so I am more interested in going short on this pair with 1 of these 2 scenarios...
Price may touch down at resistance at 109.30. Price could then bounce back off this previous resistance level and then continue bullish momentum. This would trigger a long trade.
Price may reach the support of the trend line (108.90) and reject off the 61.8 fib level in which we would then go long (providing good technical confluence of...
Looking for price to return to the channel support and reject off the 61.8 fib level before going long.
Nice high probability trade, following the recent upward trend and confluence among the fib and EMA
Long on CADCHF at 0.7430.
Price is nicely respecting the lower bound of the pitchfork.
CADCHF has had strong bullish momentum over previous weeks.
I think price will break through the median line (red) and potentially hit the target of 0.7550.
Still waiting for the breakout on NZDCHF.
NZDCHF has been in a strong uptrend in recent weeks. Therefore, I am looking to jump in on the trend using the continuation pattern as my chance to get involved.
The MACD and RVI have been very quiet, indicating that an explosive move may occur soon.
Before taking a long trade I will look for strong bullish 4h candles...
Seeing a continuation pattern forming on GBPCHF.
The ascending triangle is an indication of a continuation of a trend.
GBPCHF has been in a strong uptrend for a few weeks. We see an opportunity to jump in on this trend following a break out of the triangle at 1.2970.
This is nice risk-off trade, following the trend and keeping a nice tight SL just below the...
Short opportunity on gold.
Price has reached resistance at 1735 level.
We have some nice bearish rejection at this level as well as bearish confluence among the indicator.
Gold has been in a downtrend in recent weeks so we are looking to get involved in this downtrend with this short position.
My TP is at the 1680 level and a tight SL at 174 above resistance.