On the daily price has created a rising wedge and broke below it. On the 4hour chart we have an M formation and break of trendline, and currently price is retesting the neckline of the M formation.
A good rejection off of the neckline and trendline can indicate potential drops. the setup will fail once the market breaks back up above the trendline and goes into a range.
AUDJPY on the daily looks bearish. While the long term trend is bullish short term daily trend is bearish and is currently retesting previous resistance and it is also moving correctively.This can potentially lead price back down to test the weekly W formation. the setup will fail if price breaks above the resistance, in which case i will be looking for potential buys.
the weekly and daily charts show that the market is bearish. we have an expanding pattern on the daily chart retesting previous resistance that the market can respect and continue down. so there are a few reasons to be bearish on this pair.
The W formation has been created on the daily chart and price is potentially moving to the neckline for retests and potential continuations to the upside. looking for buys.
price has turned around on gold and is currently indicating potential continuations to the upside. price created an inverse head and shoulders on the daily, and is likely to be retested before the continuations to the upside. and once the retested happens. that will be an area where i will be looking for buys.
Price has printed a new higher high indicating potential pushes to the upside. currently i'm looking for a retest of the daily support for potential continuations up.
EURAUD is already bearish and is now moving to the neckline of the Head and Shoulders pattern that price has created. looking for the retest of the resistance level and the trendline for more pushes down.
CADCHF is already bullish on the daily and has not reacted on the daily support which also makes up an inverse head and shoulders. As long the current resistance zone has not been broken price is likely to move to the support which is also the neckline of the inverse head and shoulders, for more pushes up.
GBPCHF is already in an uptrend and has recently broken above daily resistance which has now turned support. looking for a retest on that level for continuations higher.
Price spiked down below the support area and then created aa move back up above it with strong bullish momentum. Currently price is creating a potential inverse head and shoulders for potential pushes to the upside. This structure also allows for early buys on the support level.
Price finally broke down and has now retested my resistance level indicating those potential drops down. my requirements for trade entry have been met thus far, so all that's left is to wait and see how price will unfold.
Price is already in a downtrend and has broken below the daily support. Looking for a retest of the support/ resistance for more pushes to the downside. this is a break of structure and retest potential trade trade.
NZDUSD is already bearish and is retesting previous structures. There are 2 levels of resistance which are of interest to me.so in the coming week will be looking to see which of this level price retrace off of.
CADCHF is long term bullish yet the 4hour trend has turned bearish. We also have daily inverse head and shoulders that the market may be looking te retest off of before continuing to the upside.
For the coming week i will be looking for short term sells and long term buys on CADCHF.
NZDJPY is showing potential pushes to the upside. Price has created an inverse head and shoulder on the 4hour time. I'm looking for a potential retest of the neckline for continuations to the upside.
