This is a conservative setup. Wait for this pair to push up to the green horizontal resistance line, once there is a fail to break (or for a more aggressive setup you can enter your short as soon as its in the 10 pip zone around the resistance line) you can enter your short position & plan to hold until it touches the major support level.
USD/CAD is currently setting on a horizontal support level. From here it will most likely break below this level, retest it, then continue to push toward the major support level.
However it could bounce off of the horizontal level its currently at and push back towards the next resistance line, look for a fail to break, then enter your short position.
The pair has already reacted to the resistance zone on two separate occasions, It will most likely continue to push down. However if you want a solid conservative setup, wait for another push towards the top horizontal resistance line (which also lines up with our Fib level), if it fails to break the level on a 4hr chart you should be able to enter a short...
Right now were waiting to see how this pair reacts to the symetrical triangle pattern it has formed. I'm expecting this pair to break out the bottom of the triangle and push down towards the next major support level, and from there we'll have to see how the market reacts to that level.
GBP/USD dropped lower but is now being supported by a key pass through trend line. For complete confirmation we need to wait and see how this daily candle closes before making a decision. But as long as this daily candle closes above this trend line i'd recommend staying long and look to take profit around the purple horizontal line. If you wanted to add another...
GBP/JPY is in a good position to buy. By time this analysis post it should have either pushed higher or retraced to a perfect buy position.
Buying at current levels would defiently be considered an aggresive position. However if prices have retraced to the 0.618 fib level, that would be the perfect entry.
This is an aggressive play. Buy in current zone and plan to hold until it reaches the upper red levels of resistance. which is at least 200+ pips away.
Plan to take profit around those areas and look for the markets upward push to slow. At that point we'll watch for a clear Sell entry.
GBP/USD formed a doji on a daily which after recent news and price movement leaves the possibility for this pair to push up slightly before most likely trying to push lower.
This is a pair I've been looking to take a 50-100 pip short position on due to major support and resistance. Right now I feel like it is in a great area to enter the trade due current price action and its response to the indicators listed in the graph image above.
