Break
Weekly trendline break may happenContinued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair.
If trade is taken, there is a 300 pip risk for a profit of 600 for next support level.
Polymath is prepairing on bullrunPolymath consolidates after strong sell-off and it´s prepairing for bullrun.
Buy POLY now or after breakout the red box which is strong resistance zone , set limit orders into the green box in the chart, place stoploss below 1060 sats . and set targets into the orange boxes.
CAD/CHF Nice short opportunityWEEKLY: Price on downtrend making LH & LL since aug 2017
Nice price rejection at 0.76 with double doji
DAILY: Price broke the trendline with nice double top
Rejected off support & fib 61.8
4HOUR: Downtrend
CONCLUSION: I will be looking to short this pair if we can
manage to break through first support and the second one
which is also the neckline. Previous low will be the target
GBP/AUD TrendLine&Resistance HOLDING !!!ANALYSIS ON GBP/AUD PAIR:
*-Price broke through the consolidation zone between 1.845 & 1.875
*-Price broke the trendline & retested it
*-Full body closure below 1.845 which has played as a strong level
*-Moving averages almost crossed
*-On 4H timeframe we have a bearish spinning top
Next destination on this pair is the 1.795 support level.
Trade carefully because this pair is really volatile!