Flag pattern clearing forming on 1H chart. This pattern can also be seen up to the 4H chart. This flag pattern is a possible indication of a continuation of the bullish trend we have seen on USDJPY in recent weeks. Strong rejection at support @ 108.40 would confirm a buy or you could wait until the break out and retest at 108.80 for a more risk off-trade.
Bullish pennant forming on NZDCHF. NZDCHF has been in a bullish trend for a few weeks. I am looking to hop on this trend following a breakout and retest of resistance of the pennant. For additional confirmation of continued bullish movement, I will look for confluence among the indicators too.
Bullish pennant forming on AUDCHF. Looking for a price to break above resistance of the pennant before seeing a restest of resistance and then continued bullish movement. AUDCHF has been in an uptrend for a number of weeks, so I am looking to join in on this trend rather than going against it. I will look for confluence with the indicators to increase the...
2 potential ideas for GBP/NZD currently in an ascending triangle. 1. BUY Price may reject at support (white trend line) and then break through the resistance of the ascending triangle (1.9180). 2. SELL Price could fail to reject at support and we could see price revert back to previous support at the 1.8630 level. Before taking either trade I will look for...
Possible short opportunity on USDCAD. Price has rejected at resistance (1.2860) and displaying bearish momentum. a break in the 200 day EMA and the trend line could call for a short opportunity in which price could return to support at the 1.2625 level. Confirmation of breakout: -Strong closed 4H bearish candles - Break in the trend line and 200 day EMA -...
Possible short opportunity on GBPNZD. We have seen rejection at resistance for the 4th time and so we can expect some bearish momentum. A break of the 200 day EMA and the trend line at the 1.8975 level would call for a short opportunity where we could see price return to support at the 1.8610 level. Confirmation of breakout: - Closed bearish 4Hcandles - Price...
Possible short opportunity on USD/JPY. Price has broken the triangle pattern and has now reached resistance at 104.70. We have seen a slight indication of bearish rejection at this level. So, if bearish rejection at this level is strong, a break in the trend line may call for a short opportunity down to the 103.65 level. Caution around the 200 day EMA as this...
Possible short opportunity on EURCAD. There has been rejection at resistance (previously was support) and momentum may be turning bullish. If price moves below the 200 day EMA this gives an indication of bearish momentum and so we could see price break the trend line at 1.5490 and head to the 1.5340 level or the 1.52000 level. At these levels, we have seen...
Possible short opportunity on NZDCAD. Price has struggled to break resistance at 0.9220 and so we may see some bearish momentum. A break in the marked trend line will call for a short opportunity as the price may break out of the 0.9170 level and retreat down to support at the 0.9060 level. Be cautious as price approaches the 2000 EMA on the 4H chart as this...
Possible short opportunity on AUDJPY. Descending channel making lower lows and lower highs. A break in the in-channel trend line will call for a shorting opportunity from the 79.95 level down to the 79.15 level. confirmation of the break will be strong bearish closed 4H candles as well as signals from the MACD and RVI.
Possible long opportunity on EUR/JPY. Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level. I will look for strong bullish 4H candles as well as signals from the MACD and RVI. Remember there is important EURO news...
Possible long opportunity on EUR/NZD. We could see price break through the trend line where bullish momentum may take the price to resistance at 1.7095 area. I will look for confirmation of this break but closed bullish 4H candles as well as signals for the MACD and RVO. Important news for EURO is out tomorrow at 10:00 am GMT so be mindful if you decide to...
Possible short opportunity on NZD/CAD. following a break out from the uptrend, the price has returned with bullish momentum and has now reached an area of resistance. Following a break in the trend line, bearish rejection at this zone (0.9190), and signals from the MACD and RVI I believe we could see bearish momentum down to support at 0.9050.
Possible long opportunity on CAD/JPY. Price has reached support in the ascending channel. There was a small 'fake' breakout, but price held at the 200 EMA and we saw bullish momentum upward. Following a break in the recent trend line, and signals from the MACD and RVI, I would be interested in entering a long position. Price could return to resistance where I...
Possible long oppotunity on AUD/NZD. Price has broken out of its ascending channel has returned to an area of support at the 1.0720 level. If we see strong bullish rejection at the 1.0720 level I believe we could see bullish momentum to re-test the support of the ascending channel at the 0.0820 level, where I would take profits.
Possible long oppotunity for CAD/JPY. Price has reached support in which we have previously seen price reject here and gain bullish momentum. The price may reject at the 81.40 level and head to resistance at 82.10 where I would take profits. I will look for bullish rejection at the 81.40 level along with signals of price reversal from the MACD and RVI.
Short idea for CHF/JPY as price has reached an area of resistance at the 117.15 level. Following confirmation of bearish rejection at this level as well as signals from the MACD and RVI, I will take a short position. Price will likely return to support at 116.30 where I will close and take profits. (Caution at the 200 day EMA where this may act as support).
Possible short opportunity on EURUSD. Price is retesting a level of previous resistance. If price rejects at the 1.2166 level and through the 200 day EMA then we could see price reach 1.2510 level which is where I would close this trade.