Here we have a nice setup of EURGBP, in first I took a look at GBPCHF who is going for an uptrend and theses 2 pairs have negative corellation. So here we have an overbrought RSI and STOCH crosover in H4, 0.618 at fibs level from the start of the downtrend channel to the bottom of the channel. We have a downtrend channel & downtrend trendline. To conclude, we have...
BREAK and retest of the major trendline, 0.618 at fibs retracement of the last downtrend, downtrend trendline who is respected. I put a sell limit at 0.74248 with small lot cause we don't have the best entry.
Second retest of the trendline, oversold RSI, stoch crossover, retest the 0.5 level of fibs. Small lot because my entry is not that good. In the last week we saw the bull momentum when he jump from our supply & demand zone.
Retest of the trendline, RSI overbrought, stoch crossover, supply and demand zone, 0,618 at fibs retracement. USDXXX are loking strong.
CAD is weak so it makes sens, I will TP at 0.618 of fibs retracement.
OVERSOLD RSI, 0.618% of fibs retracement level, major trendline, supply & demand zone, GARTLEY PATTERN. But, for now CAD is weak so where waiting for a BULL momentum. Like & follow fe for more :)
Here we have a weak CAD so, all pairs XXXCAD are most likely going up and CADXXX are most likely going down. We got here a 0.786% fibs level of the retracement of the last uptrend. We got also a nice trendline, good for a bullish setup. And an oversold RSI on the H1 chart. Like & follow me for more :)
So, here we have a nice settup for USDCAD who, XXXCAD are weak this week, so it's making this pair go up. So, we have a nice BAT pattern in construction and a hourly trendline. I put my BUY limit order before the end of the pattern cause this pair will have a big uptrend momentum soon and I don't want to miss it. I will see but if everything go as planned, I will...
So here we have a nice setup of USDJPY, we got a daily trendline who is well respected, we are now at the 0.618% of fibs level of the last downtrend, we are in a supply and demand zone, and the last bottom is lower than the first one so it show us the weakness of this pair. I didn't sell it right now I will wait to have a candelstick confirmation or a sign of life...
NZDUSD short idea, retest of a daily trandline and retest at 0.618 level of fibs retracement. NZDXXX are weak. If we have a bearish momentum, we can let the trade active a long time.
So we got a nice setup possiblility here, XXXCAD are weak so this pair will go up. We got a head&shoulders and if this pair can break the trendline and the hesitation line, then it will be a buy at the retest.
I will wait and see, retest on the major trendline and 0.618 at fibs retracement how he just broke.
XXXNZD are weak, retest of the 2 trendlines, retest of 0.618 of fibs retracement, tight SL
I just put a BUY LIMIT at 1.70722 cause we got here a nice setup, retest of the DAILY trendline, retest at the 0.618 on fibs level retracement and all of that in a DAILY supply and demand zone.
EURAUD nice setep here, OVERBROUGHT RSI, nice sipply and demand zone and 0.618 level at fibs retracement. Tight SL.
So here we have a close to perfect setup, 0.618 at retracement of fibs, a double top in short term, a long legged doji in H4 and a major trendline, to add more credebility to the setup AUDXXX are weak. Enjoy free pips :)