if and only if price will react to the price level 138.200 properly and shows a nice momentum of pushing up only I might be looking for a long as JPY has been more stronger for a while now
If the support lines are respected we might expect movement towards the upside, otherwise if JPY strength is still intact there might still be a breakage of the support and a further movement towards the downside.
This pair seems to be of interest to me ATM, so will be looking for a longing opportunity above that arrow
Is the month bull run over yet? Euro seems to be getting weak against the dollar, lets see how the week unfolds as those stuctures will be a point of interest, otherwise the reverse becomes the case
Taking a look at the price channel its likely that price might trade down today
Spotted a short term selling opportunity on AUDJPY...
Seen the range and price unable to break the 0.82 levels I think the movement to the downside is about to begin
GBP has been laying the track records of breaking former recent resistances into support in the lower timeframes which will still spiral into the Higher Timeframes, so on the long run there lies a possibility of hitting the above profit targets as well as price finding reasons to look the other way round.
its not wise to stand in front of a moving train but what if the train has reached the destination and ready to make a turn, so if this story been confirmed to be true by the consolidations seen of recent, then the move downwards will be considered, if broken the first resistance then that might be a sign to think otherwise...
...on the long term the pound seems to be gaining some momentum, and the fact that USD has been raking some profits back there by pushing price downwards shouldn't be neglected, hence the need for trendlines and the expectant zones.
The pair might drop from the expected regions, and there lies a possibility of the pair going down without hitting the expected levels before tanking, and also overall there's still possibility that the pair might break all levels and focus towards the upside #ChooseYourPossibility #Choose.Risk.Management
NZDCHF has shown confirmations of the bull run on the daily so as we await the break of the current trendline there lies some probability scalp some sells but keep in mind that price will keep pushing to the upside.
Taking a keen look at the chart structure using fib confluence as a probable area of interest, #I.wait,My.IDea
At the Current price, it seems price is trapped at the 4-hour structure which might act as a support towards the movement to the upside, but with a double top and strong bearish close (Which isn't to be ignored) alerts a circuit breaker on our reactions at the moment, as price might break the structure and head for the trendline retest, for a further movement to...
AUDCHF might be eyeing 0.65 in the long term as Price might respect the fib confluence to continue bearish to hit that target below.
Simply following the Main Trend, using The Fib Confluence to determine entry points
Price might try to create a new high of the month as we are in some HH>HL mini uptrend trend at the moment.
Following the daily trendline direction recently, its ok to follow the direction as there also lies a probable situation of the pair going against the setup, trade strategically Have a nice trading day.