JAN 26 – JAN 31 WATCH LIST

EURAUD: LOOK TO BUY AFTER RETEST

Looking for a retest of the large QP 1.62500 which also has a 38.2 fib confluence.

EA UPDATE: ANALYSIS PLAYED OUT PERFECT, +278 PIPS
https://www.tradingview.com/x/sfJe1IQE/


USDJPY: Sellers Still In Control?

Expecting a continuation to the downside.

UJ UPDATE: +86 PIPS
Didn’t get the deep pull back but we did get a retest of previous support and had a 38.2 fib rejection. https://www.tradingview.com/x/nof0abLc/


USDCAD: Bullish Flag. Buyers Still In Control?

Analysis from a couple weeks is still playing out. Look to take the break of the bullish flag.

UC UPDATE: PLAYED OUT PERFECT, +100 PIPS
https://www.tradingview.com/x/yWubqnDo/



CADJPY: Daily Rising Wedge

Wait for breakout..

CJ UPDATE: NICE BREAKOUT, +105 PIPS
https://www.tradingview.com/x/PQXjzFfv/



GBPAUD: Potential Harmonic Forming

You could buy the break of the bullish flag but I think it will be better to wait for completion of the pattern to sell the C to D leg.

GA UPDATE: HARMONIC PATTERN EXTENDED, +527 PIPS
https://www.tradingview.com/x/tfoR0heY/

EURGBP: Bullish Pinbar At 61.8 Fib

Nice rejection at the 61.8 fib. I would like to see maybe 1 or 2 more rejections before going long.

EG UPDATE: BACK AT BUY ZONE
Not much movement from this pair.
https://www.tradingview.com/x/hbZpAuXL/



GBPJPY: Ascending Channel Breakout

Wait for a retest of channel support which has a small QP confluence 143.75, or look for a bearish flag to form om the M15.

GJ UPDATE: RETESTED SMALL QP BEFORE PULLING BACK
https://www.tradingview.com/x/PF3WyflJ/



EURJPY: Daily Rising Wedge Breakout

Wait for the retest. Overall target is the large QP 117.50.

EJ UPDATE: RANGING AT A MAJOR QP
A lot of sideways movement at a key level.
https://www.tradingview.com/x/iU68jISD/



AUDJPY: Approaching Daily Channel Support. Potential 400 Pip Selloff.

Same bias from last week, looking for short opportunities. Waiting for a daily close below channel support. Overall target will be the large QP 72.50. We could get a small correction and see a retest of 74.776 but safe entry would be to wait for the breakout.

AJ UPDATE: +180 PIPS
https://www.tradingview.com/x/rmlrwSlG/

Updated: January 31, 2020 — 8:59 pm

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