Trade alerts for Friday Aug 12 are as follows . Two pairs in my radar :AUDCAD SHORTPrice is has been printing candles with long upper shadows signifying a weakness in the Bullish strength.
Todays candle (Aug 11th) shows strong Bearish strength.
I'm short on a break below today's candle .Entry : 0.99758Stop: 1.01320 USDJPY LONGPrice has retraced
CADJPYBearish engulfing pattern printed on a key level. The bearish sentiment is also supported by the touch of the downtrend line.Similar to trade above another Bearish engulfing candle printed on a key level and downward trendline.Full
[caption id=attachment_460 align=aligncenter width=1623] USDJPY SHORT Setup[/caption]Nice BEARISH close with the engulfing candle. Looking for SHORT on the break of the low of today
Weekly Forex pair analysisUSD/CHFDaily Down Trend
SHORT - 0.98712
LONG - 0.97789 or 0.96998 EUR/USDDaily - Showing strong Bullish price action. Price seem to be consolidating in the top of the range. Daily MACD just crossed above zero
Looking for BULLISH move after a pullback
Zone to go LONG - 1.1164 or 1.10836 NZD/USDDaily in an uptrend. But price is
AUD/USDDaily price testing resistance from Aug ‘15
on 4H and 1H price is printing a descending triangle.
1h only has two touches on the support line.
SHORT on the upper trend line[caption id= align=alignleft width=1623] AUD/USD[/caption] USD/CADMajor down trend. Due for a pull back.
Look for LONG opportunities
Pull back to 1.34013[caption id= align=alignnone width=1623] USD/CAD[/caption]USDJPYDaily and 4H
EUR/USD USD/JPY GBP/USD USD/CHF AUD/USD USD/CAD
Weekly update on forex trading setups for the six major forex pairsEUR/USDStrong bearish last week.
Looking for a short opportunity.
Would be ideal to get in on a 1h or 4h setup on a pullback to 1.09473 or 1.09775 or a flat consolidationUSDJPYPrice is approaching a key zone