Prices broke out of a resistance zone and now turned support. We are looking for a LONG position if we get a pullback onto previous structure for a trend continuation move. Make sure that you look for a depletion of bearish momentum before taking the trade. Plan your trade, trade your plan. Any questions you may have, just drop me a private message.
USDCHF H1 - LONG Breakout of previous structure with strong bullish momentum, now coming back to retest 2 potential support areas. Look for bullish price action at our key levels before taking a LONG position. Aim for 0.90100 resistance area.
GBPJPY H1 - LONG Prices made a bullish impulse move, creating a higher swing high, now coming back to retest a support area, potentially forming a higher swing low. Look for BULLISH price action at our key area before taking a LONG position.
AUDJPY H1 - LONG Strong bullish move, now consolidating, forming a bullish wedge pattern. Look for a breakout of the wedge pattern, ideally forming a higher swing high before taking a LONG position upon the pullback to previous structure. Aim for 1.272 extension of the bullish impulse leg.
EURUSD H1 - LONG Prices are retesting the support area and trendline. We will be waiting to see what happens here. If we see a strong bullish impulse move from here, it shows that there are buying interests and we will take a pullback trade if it breaks the immediate resistance level @1.21200. Understand that the immediate swing consists of strong bearish...
EURAUD H4 - SHORT Breakdown off a major ascending trendline and now retesting the breakdown zone. We could potentially look for SELLING opportunities on the lower time frame to catch a move towards 1.55700 support area (Immediate swing low).
NZDUSD H1 - LONG Prices broke out of descending trendline and have yet to give us a pullback. If we do get a pullback onto previous structure or support area, look for BUY opportunities; bullish price action for a LONG position towards 0.72779 resistance area.
NZDJPY H1 - LONG Breakout retest where we are looking to buy at a support area @75.900, potentially creating the "Higher Low" that we need for a continuation of the uptrend.
Breakout off the major descending trendline and made a complex pullback onto previous structure; trendline and support area. looking for a similar breakout fashion for a LONG position if we see a strong bullish move anytime now.
CADJPY H4 - LONG Strong breakout and retest onto resistance turned support area. We have a bullish engulfing candle on the H4 timeframe that serves as a potential confirmation candle. Look for an entry on the lower timeframe to catch a LONG position.
EURCAD H1 - LONG We will be waiting for the H4 closure for a clear breakout of resistance area, then look for a pullback onto the broken structure for a LONG position towards the next resistance area @1.54600.
EURUSD H4 - SHORT Price came back to our key structure. However, it is looking bullish now therefore, we will wait for a depletion of the bullish pressure and wait for sellers to come in. With more bearish pressure, we may look to enter this trade. Do not enter trades blindly. If the bullish pressure is strong, wait for a depletion before taking a SHORT.
GBPCAD H4 - LONG Prices broke the descending trendline with strong bullish momentum, now coming back to retest a neckline structure. No signs of strong bearish momentum just yet and that is what we are looking for, in order to take a LONG position towards the extended targets.
Bearish bat pattern formation if we get a D-completion. We are looking for selling pressure and any sort of bearish price action before taking this opportunity. Note that the bullish momentum has to slow down before taking this trade otherwise, we may be blown away by the bullish momentum charging into our completion zone.
Double bottom followed by a bullish breakout of the neckline structure, came back to retest for a LONG entry towards previous high. Price are consolidating in a big triangle, which has an impulse bullish move to start off with.
AUDCAD H1 - SHORT Double top formation into a resistance area. Look for selling pressure before taking a SHORT position.
GBPCAD H4 - LONG Prices made a double bottom and now broke out of the neckline structure, turning the resistance into support. A nice H4 bullish candle close with wick rejection downside serves as a good indication that buyers are interested in this area. Dropping down to the hourly timeframe, we will be looking for a LONG position if it breaks 1.74800.
AUDCAD H1 - SHORT Lower swing highs and swing low formation, looking for a pullback onto previous structure to create the "Lower High" needed for another push down. We'll monitor the price action at those key levels before deciding which zone to take.