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EURUSD - Possible BUY - Multiple Time Frame Confluence Within the Daily time frame , we are able to see that a rejection has occurred whereby the lower wick of the bearish candlestick is in fact larger than the body itself- demonstrating that a strong rejection has occurred to the linear level. This point can be supported further when looking at the 4HR timeframe where further rejections have also occurred.
A BUY opportunity can also be justified at the fact that the pair is considerably low on RSI and is looking to gain back momentum. Currently we can also see that the Bears are returning into the market and this could enable the buying power to increase.
In terms of entry, ENTER NOW or wait for further Bullish Indication.
NZDCAD LongNZDCAD - Long - NZDUSD at yearly low (0.65000) - NZDUSD 4H DOJI - Possible daily trend line - NZDUSD oversold - CSM Conf
USDCHF ShortUSDCHF Long - XAUUSD at daily fib - USDCHF at resistance - 4H W on XAUUSD - 1H M on USDCHF
GBPUSD LongGBPUSD Long - Cable has been bearish for days now. 1.269 entry, Daily Fib - Daily lows from August/October 18.
AUDUSD SellAUDUSD - Short
AUD opened up on market open Sunday PM (UTC). Doji candle formed 4H - Resistance at 31 EMA.
0.6920 Entry
AUDCAD Long -0.9300AUDCAD - Overbought - Psyc Line of 0.9300 - 4H Fib - Daily Trend Line - Major Confirmation
USDJPY SHORT!!As shown in the chart, the pair has reached a linear level which had been used as a strong resistance several times before.
There is further confluence when considering the fact that the market is at the 0.786 fibonacci level
EURCHF SHORTA good SELL opportunity due to the fact that the current market is on a ranging market as well as the fact that it is high on RSI. We can therefore anticipate a drop.
There is further confluence when we consider the fact that the top linear level had been rejected previously 3 times.
POSSIBLE SELL - USDCAD | BEARS TO TAKE OVERThe pair in this month has been ranging in between the supporting zone as well as the top linear level.
The Market had retested against the Top Linear Level in 3 occasions - which demonstrates that the linear level is a good resistant level in which a SELL can take place.
Current Market has reached the top linear level in recent days and has also demonstrated a possible loss in buying power with the Bears to possibly take over. This can be demonstrated further following on from the recent candle closure illustrating indecision after an impulse move which had taken place and had then been followed up by a strong Bearish Candlestick as of 2AM (UK TIME) - which could possibly suggest the possible rise of the SELLERS into the market.
ENTER NOW or wait for further Bearish confirmation.
USDJPY Potential buyUSDJPY is in a strong day uptrend, as we can see it retested a strong support that has been tested multiple times. it has touched a 4 hour trend line indication buy pressure is still present.
