Looking for confirmation around various key levels to enter trade.
Key Levels are based on Fibs, Support and Resistance zones, Chart patterns and Market structure.
After a good Friday rejection candle of that key weekly fib level again. I would now be anticipating a good down move, breaking that 148 support level and potentially breaking down to the ascending trend line.
Looks like euro could be about to go on another bull run.
Rejection of the 0.782 fib and daily support.
Also could be printing an inverse head and shoulders pattern.
Targets should be around the 1.20 level, but will more than likely run through for new highs.
GBPJPY - potential for possibly another short, as we come in to the key weekly zone.
I can see a few confluences for a short opportunity with price testing the 0.782 fib and could also be retesting the ascending trend line.
Targets at the -0.27, but could potentially drop further.
Got stopped out for break even on the last trade on this. I can still see downside potential, so going to be looking to get in at the 0.782 retrace.
Targets still at the 150.00 level.
GBPJPY - Price has now retested the daily 0.782 Fib level again and looks to be rejecting.
Good potential shorting opportunity coming up if we can close below the 151.8 support.
Looking for price to pull back to the 150.00 monthly level.
AUDUSD Long - After a clear daily break and close above the daily descending trend line on the Aussie. I am now awaiting for a pull back to daily support around the 0.757 area, where i will be getting long and looking for targets at 0.7674 (1.27 Fib Extension).
If price can break and close below the ascending trend line. I would be looking for a short term setup to sell.
A lot of things saying that this could come lower before eventually going long.
I would look for targets at the 1.27 fib ext.
