Tlokzino

Tlokzino

The pair is approaching a strong resistance line(R1) @106.787. The pair is above the EMA,50 and EMA,200 , however a cross of the EMA's could be observed tomorrow if the pair continues its bullish move. On the flip side of this, i'm convinced that the resistance level will hold for the 3rd time and push the pair into a bearish move, however the move will be...

Tlokzino

AUDNZD has had an extended bullish move over the past 4 days and the pair is overbought. a key resistance level is at 1.06645 The pair is showing potential of a bearish pullback as the peak is forming a double top and the EMA,50 and EMA,200 is detached from the pair. In conclusion my trade set up Entry : 106613 S/L: 1.06743 TP : 105958(@ EMA,200)

Tlokzino

The pair is in possibly in the process of forming a Double Bottom, which suggests a reversal. The pair is detached from the EMA,50 and EMA,200, therefore retracement of the pair to the EMA,200 is imminent. In conclusion, i'm bullish on this set up Entry point:0.83959 S/L: 0.833705 T/P :0.84715(@EMA,200)

Tlokzino

1.33490 is a key resistance level tested. The pair is showing a bearish bias as the pair has broken through the EMA,50 and EMA,200. Due to this, the pair could potentially form a long term bearish move to the T2 trendline which is a key support area. Trade set up S/L: 1.33072 Entry: 1.32946 T/P:1.32447

Tlokzino

Potential double bottom in formation(@T1), therefore the pair could see upward movement all the way to the EMA,200 in line with the peak formation. Trade set up S/L:79.200 Entry:79.509 T/P 1:80.393

Tlokzino

The pair is moving up against the prevailing downward trend. Look out for sells once the T1 trendline is tested. A flag is in formation and could complete to cross the EMA,50 and EMA,200. Trade set up S/L:1.32616 Entry:1.32453 T/P 1: 1.31956

Tlokzino

Potential Head and Shoulders forming for the short term reversal for a buy position. The pair has also set the low of week @105.062, therefore a bullish move can be anticipated. Entry : 105.292 S/L: 105.018 TP 1: 106.384

Tlokzino

USDJPY (H&S reversal) 107.579 is a key support level for the pair as the second shoulder of the head and shoulders pattern could form at this level. Due to the H&S pattern, T1 trendline and the PL level, the pair presents a bullish bias. In conclusion,Trade set-up, Entry 1 : 107.579 S/L 1: 107.457 TP 1: 107.983 Entry 2: 107.457 S/L 2: 107.457 TP 1: 108.383

Tlokzino

The pair is trading along the @previous low (1.30394) and bullish divergence is confirmed on the 4h hour chart. However this week is a news heavy week and technical should be traded with caution. In saying that i anticipate a midweek reversal for the upside as the pair still has momentum for a last wave of bearish movement before the real upward trend. Entry :...

Tlokzino

Currently the market is at key level 107.927(@PL), therefore a 20-25 pip pullback to the downside can be expected before the real upward trend begins. T1 trendline provides short term support in the line with the double bottom formation. In conclusion, the overall long-term position of this pair remains bullish, Trade set-up Entry : 107.622 S/L: 108.419 TP 1:...

Tlokzino Updated 

0.98856 (S1)is a key support level for the pair. The pair is showing a bullish bias as the EMA,200 is above the EMA,50 on the 1H chart, however retrace is expected as the pair is overbought. In Conclusion, Entry Position : 0.99533 S/L: 0.99712 T/P 1: 0.99169 T/P 2: 0.98856

Tlokzino Updated 

The pair is testing the resistance against the T1 channel. Watch out for false breakouts on the upside as a 20-25 pip upward move can be expected. The EMA,200 is below the EMA,50 , therefore supporting an overall bullish bias on the pair, however a retracement is imminent as the pair is overbought. In conclusion Entry point: 1.05606 S/L: 1.05759 T/P 1:...

Tlokzino Updated 

USDJPY 109.119 is a key resistence level for the pair. The pair is showing a bullish bias as the EMA,200 is below the EMA,50 on the 1H chart, however the pair is anticipated to retrace to the T1 trendline before continuing the bullish breakout. In Conclusion, I’m waiting for the bearish setup @108.776 just above the PH(Previous High) Entry Position :...

Tlokzino

-On the 4H chart the pair has produced its first bullish wave and temporary retracement can be expected @PH or alternatively @R2 resistance line. - As illustrated, the pair could be due to forming the last shoulder of the H&S reversal pattern, before the bullish trend is confirmed. NB: Risk management should be applied to all trades.

Tlokzino

On the 4h chart the falling flag is still in play as the pair tests the floor of the T1 channel. The pair has moved outside the downward T1 channel and reversal pattern(Double bottom, H&S) or candle stick(pin bar, Doji) should be spotted before trading this pair. Its a move against the prevailing trend so confirmation of the reversal pattern/candlestick is...

Tlokzino

On the 4h chart the pair has currently made the initial aggressive bullish against the prevailing trend. A reversal is imminent as the pair has two points in which the head and shoulders pattern can form the last shoulder. The first pullback is @PH(previous high) or alternatively at the R1 resistance line. Although the bullish trend is against the prevailing...

Tlokzino

Double bottom on the yellow circles on the previous low of the previous week. T2 trendline broken and retested. The EMA,50 supports a bullish move this week with a significant gap in price action between the EMA,200 and EMA,50. In conclusion, i'm bullish on this set up 1st set up Entry point: 108.520(@EMA,50) S/L: 108.30 T/P 1: 109.119(@R2) T/P 2: 109.341(@EMA,200)

Tlokzino

On the 4h chart, i have highlighted 2 scenarios that could play this coming week and into the following week. The pair has moved from the previous high (PH @0.99568) and looking to test the resistance level (R1@1.00064) I’m bullish on this pair, however i do expect significant drawback to either PH or PL before the bullish move materialises in the latter part...