Expecting a bullish push for AUDJPY. Reverse head and shoulders pattern potentially forming on H4 timeframe. Looking for further candlestick confirmation on both H4 and H1.
Sl - 71.550 (depending on future price action)
Open take profit - Important to keep an eye on price action for more bearish movement, as this trade would be for the retracement of the D1 downtrend.
Very strong downtrend on D1 timeframe. Price has just retraced to the 0.382 retracement level, with some bearish price action on lower timeframes. Would be a slightly late entry but still room for sufficient profit. Waiting for bearish confirmation on H1 timeframe.
SL - 0.90350
open take profit - pay attention to price action for appropriate exit. 0.88240 would...
expecting a bullish push. Looking for further confirmation of a reverse head and shoulders pattern on H4 timeframe, and entry on the H1.
SL - 0.97060
TP1 - 0.98040
TP2 - 0.98900
Risk/Reward -
TP1 - 3.75
TP2 - 8.04
Trade at your own risk
Price is in an uptrend on the D1 timeframe, and is currently retracing. Pinbar has formed on the H4 timeframe, with some further bullish confirmation on the H1 timeframe.
SL - 1.31930
TP1 - 1.32640
TP2 - 1.33310
Risk/Reward - 4.06
trade at your own risk.
Looking to go long on USDCAD H4 timeframe. Looking for a potential double bottom or reverse head and shoulders as well as the short term downtrend line being broken. D1 trend is an uptrend, and price is hovering near that support level now. Appropriate profit targets could be 1.32715 and 1.34460.
Trade at your own risk
Looking to go long on USDJPY. Reverse head and shoulders pattern has formed nicely, waiting for there to be a retracement before pulling the trigger. Previous short term trend line has been broken + price has bounced off of it nicely. RSI is currently overbought but that retracement should present a nice buying opportunity with some momentum to the upside.
Potentially long position on USDCAD H1 timeframe. Potential double bottom forming at a major support level. Wait for it to become valid before buying. Price has very nearly hit the upwards trend support level, shown on the H4/D1 timeframes. Stochastics is showing as 'oversold' and RSI is reading 34%.
Trade at your own risk.
Opportunity to short NZDJPY on the H1 timeframe. Head and shoulders pattern forming just above resistance area 72.230. Wait for pattern to become valid and break support level before selling. Potential profit targets could be 71.830 and 71.500. Stochasitcs are showing as overbought and RSI is reading 67%. Right shoulder of the head and shoulders pattern has...
Short opportunity for AUDJPY on H1 timeframe. Head and shoulders pattern formed around major resistance level, now followed by a potentially double top. Wait for double top to be validated first. Potential TP1 and TP2 marked out with blue and bottom red line. Stochastics showing as overbought and RSI is reading 65%. Short follows trend of D1 and H4...
AUDCHF short opportunity on H1 timeframe. Double top forming at resistance level (obviously only sell if double top is validated). The blue lines represent minor levels where profits can be taken, bottom red line would be major support/final TP if you wanted to let it run. Price showing as overbought on stochastics and reading 65% on RSI. Short follows trend on...
Short opportunity for AUDNZD on H1 timeframe. Double top forming at major resistance level 1.04990. Wait for double top to become valid before selling. A solid profit target would be 1.04310. Stochastics have just exited 'overbought' and RSI is reading 60%.
Trade at your own risk.
Opportunity to go long on EURGBP, price has hit a really strong support level, as well as it being the support level of the trend lines shown on the H1 and H4 timeframes. Should be looking at taking profit around the 0.89120 level, and potentially letting it run to the 0.89290 level depending on price action around the first TP. RSI is nearly oversold and...
Expecting bearish movement towards price point 0.91750. This follows the trend seen on the H4 and H1 time frames. Just waiting on confirmation of a bearish candlestick pattern and support level 0.91930 to be retested as resistance. The upwards retracement is also being rejected at 0.5 Fibonacci level. RSI is neutral
Looking for a short opportunity on CHFJPY, support line has been tested multiple times, as well as the downwards trend line providing resistance. Alternatively, if price movement breaks both lines of resistance, we could see a change in trend.
After a long uptrend, EURAUD seems to be getting weaker with this head and shoulders pattern forming just above a strong resistance area. The 'head' of the pattern isn't the most reassuring to look at so will need to carefully watch price action to check if the pattern in valid. The resistance line area has been tested multiple times and although the 'left...
