APR 19 – APR 24 WATCH LIST

Weekly Watch List
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EURNZD: Evening Star On The Daily. Price At Major QP

Formed a huge evening star. Price is also at a major QP 1.8000. Wait for TL break.

GBPCAD: Head & Shoulder

Wait for the break

EURUSD: Rising Wedge Breakout

Nice TL break and retest, may be a nice sell.

GBPAUD: At Daily Channel Support. Waiting For BOB

Double bottom at daily channel resistance. Waiting for BOB (break or bounce).

H1 head & shoulder, bearish flag. Price also rejected at the 38.2 fib.

GBPNZD: Possible Harmonic Forming

Nice double top at a major QP 2.1000 which could also be a potential harmonic pattern. Expecting a continuation to the downside.

AUDUSD: Ascending Channel

Would like to see price push up to form a double top or push up to retest the large QP 0.65000. Of course safe entry would be to wait for the break of the ascending channel. If price breaks above and retest descending daily TL, bias will turn to bullish.

NZDUSD: Possible Head & Shoulder Forming

Price is currently at the 61.8 fib. It may push up a little more before dropping.


USDJPY: Head & Shoulder

Wait for break of previous low

EURAUD: Double Bottom At Daily Channel Resistance And Major QP

Got a second retest of the daily channel resistance, forming a nice double bottom with a major QP confluence 1.7000. Will this level act as new support?
Also have a bearish flag on the H1


AUDJPY: Will It Retest Major QP?

Not much movement from last week. I think we could still push up to retest the major QP 70.00.

Inverted H&S on the H1
Updated: April 19, 2020 — 12:11 pm

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