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Trading Strategies

EURAUD is approaching support, potential bounce!
EURAUD is approaching support, potential bounce!

EURAUD is approaching our first support at 1.6167 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this...

EURGBP is approaching support, potential bounce!
EURGBP is approaching support, potential bounce!

EURGBP is approaching our first support at 0.8274 (Horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement) and a strong bounce might occur above this...

EURJPY approaching resistance, potential drop!
EURJPY approaching resistance, potential drop!

EURJPY is approaching our first resistance at 130.33 (horizontal pullback resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur...

USDJPY approaching resistance, potential drop!
USDJPY approaching resistance, potential drop!

USDJPY is approaching our first resistance at 113.47 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop might occur below...

Summary
Summary

Today we are seeing a nice setup on USDJPY and EURJPY as it is approaching resistance where we are expecting a drop below this level. Here are some of our nice calls previously: XAUUSD dropped...

XAUUSD approaching resistance, potential drop!
XAUUSD approaching resistance, potential drop!

XAUUSD is approaching our first resistance at 1197(horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below...

USDCHF approaching resistance, potential drop!
USDCHF approaching resistance, potential drop!

USDCHF is approaching our first resistance at 1.0085 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) and a strong drop might occur...

CHFJPY approaching resistance, potential drop!
CHFJPY approaching resistance, potential drop!

CHFJPY is approaching our first resistance at 115.27(horizontal pullback resistance, 23.6% Fibonacci retracement, descending channel resistance) where a strong drop might occur below this...

AUDJPY approaching resistance, potential drop!
AUDJPY approaching resistance, potential drop!

AUDJPY broke out of our support at 80.59 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level...