NZDJPY weekly rejection from last week, daily bullish trend with pin bar at the bottom, 4hourly bullish indicates this pair may continue to raise up after a pull back to support level.
Suggested entries on the chart.
EURUSD weekly chart had rejection candle for last 2 weeks. Daily trading above 10 EMA for last 3 days. 4 hourly creating triangle from which price action might break out to go long.
Entry @ 1.16688
Stop Loss @ 1.16275
TP1 @ 1.17084
TP2 @ 1.17698
TP3 @ 1.18205
TP4 @ 1.19952
USDCAD had a bullish engulfing candle on daily chart followed by rejection at key level at 1.32230 on 4 hourly chart suggesting likely short set short up.
Suggested set up:
Entry @ 1.32230
Stop loss @ 1.32723
TP1 @ 1.31475
TP2 @ 1.30810
TP3 @ 1.30016
TP4 @ 1.29290
The probabilities to get long they are very strong after the news of the possibility of increasing the interest rate in August, but USD dollars is unclear with AUD follows, with there is strong possibility of retracement but, for now look like we are on a continuation Long but we need more news to get clear the direction of GBP pairs.
Good trading day
GBPNZD price action trading above support level with weekly rejection candle from last week. Daily rejection candle with bearish momentum slowing down has started to push up the price action.
Considering placing Buy stop entry at 1.89317, SL at 1.89057 with TP1 @ 1.89900, TP2 @ 1.909800, TP3 @ 1.92291, TP4 @ 1.93950
After strong weekly rejection of price action, EUR has started to rebound. Bullish move since double pin bar at bottom of both daily and 4 hourly charts indicates EUR may continue to go upwards against JPY.
I have placed Buy Stop at 128.12 with Stop loss at 127.581 with TP1 at 129.178, TP2 at 130.17, TP3 at 130.966 and TP4 at 132.968.
EURCHF weekly rejection candle shows slowing down the downward movement suggests it might move up. 4hourly chart is trading sideways at the moment waiting to push up.
I'm placing my buy stop order at 1.14838 with stop loss @ 1.14386 with TP1 @ 1.15611 TP2 @ 1.16379, TP3 @ 1.17172, TP4 @ 1.18623.
On weekly chart for AUDJPY pair the price action was rejected from the strong level @ 81.00.
Daily chart forming 3 consecutive rejection candles in a row followed by 4 hourly chart forming rejection candle suggests continuous upward journey for this pair if it breaks out the resistance level at 82.687.
I have placed buy stop order at 82.687 with stop loss at ...
EURJPY weekly chart has rejected the bearish candle from the support level at 124.583.
On daily, after two rejection candles it's testing the next level.
At 4 hourly chart the price action is consolidating just below 127.131. If the level is broken, there is a likelihood of this trade going up all the way to 130.987 with TP1 @ 127.644, TP2@ 128.076, TP3@ ...
EURAUD bullish? 10, 20 and 50 EMAs have funnels outwards from crossing this morning and suggests its trying to breakout from the rectangle.
I have placed buy stop at 1.55276 with SL @ 1.55032. TP1 @ 1.55613, TP2 @ 1.55718, TP3 @ 1.5604
Enter EURCAD long this morning?
With SL @ 1.50330; TP1 @ 1.51758; TP2 @ 1.51175 just under 80 level; TP3 @ 1.52937 just below Psychological level 0.00. Let see how far we can go with this.
This is a simple analysis of the trade.