AUDUSD is on a very long-term downtrend and after each consolidation phase it makes a new low, this trend was one of the best FX trends to ride and it still is! The pair broke its support trend line on April 2018: Since then the bears had control and kept pushing down, in last few Read more about AUDUSD Down Trend Continuation[…]
The GBPJPY downtrend bottom out on October 2016 and it started a recovery period since then it’s consolidating, the pair broke its support trend line on February of this year but it didn’t fall too much and started back to consolidate: Now it formed a nice weekly rejection candle after facing huge resistance on its Read more about GBPJPY Rejection from Supply Zone[…]
In 2017 EURUSD recovered more than 50% of its 2014-2015 downtrend but in 2018 things moved back upside down and its falling back. After small recovery in August, the pair is back on track to fall more and now we have this H&S pattern on weekly chart: As you are seeing things aren’t looking good Read more about EURUSD Weekly Head & Shoulder[…]
EURJPY is moving closer to its 100 MA in weekly chart and it keeps touching and then rejecting, but if you check the bigger picture you will see there is a triangle, and the previous week candle was actually a rejection candle from the lower boundary of that triangle: And yes it was a bullish Read more about EURJPY Long Opportunity[…]
In the weekly chart of USDJPY there is a triangle: Price stuck inside it for very long time (since mid-2015), and a few weeks ago it tested again the upper boundary of it and price formed a rejection candle as you can see on above chart. Now it either moves down to the lower boundary of Read more about Will USDJPY Triangle Broke?[…]
Things aren’t moving in favor of cable and the long-term image is really bad for it based on fundamentals. Below is the weekly chart: The blue line is 100 MA and as you see the last four weeks shows strong price rejection, shorting from here allows you to target the 1.20 and set a tight stop Read more about GBPUSD Weekly Short[…]
FTSE is on its weekly support level: On daily its touching the previous rejection or demand zone:
Nasdaq had a great pullback but it’s now starting to recover, the recovery started after the price fully touched the trend line from previous pullback:
Long Term major support plus bullish price action.
Pin Bar at top of rectangle. Could be just a quick retracement to the upside as dollar index is still strong. Thread carefully.