JAN 5 – JAN 10 WATCH LIST

CADJPY: Double Top Near Large QP. SELL?

CJ UPDATE: Failed To Break Previous Low
I think price may push up a little more before selling off https://www.tradingview.com/x/XHYyOF51/


USDJPY: Rising Wedge Forming

May push up to retest the small QP 108.75 which lines up with the trend line and wedge resistance. Wait for break out of the rising wedge to be safe.

UJ UPDATE: Dropped 80 Pips Before Buyers Gained Control https://www.tradingview.com/x/sSrGsePR/


EURJPY: Nice Retracement To The 50 Fib. Ready For The Next Push Down?

Created a new lower low and lower high. Could see one more push up before dropping.

EJ UPDATE: SET UP INVALID
Price failed to break previous low
https://www.tradingview.com/x/9Ao0ghkV/



EURAUD: Analysis Is Playing Out Nicely. Time To SELL?

As expected, got a nice retest of the large QP 1.62500 which also created some bearish divergence. Waiting for more confirmation.

EA UPDATE: HIT ALL 3 TARGET, +175 PIPS
https://www.tradingview.com/x/g8WSYLzh/


EURUSD: New Lower High Created?

Got a nice pull back and rejection at the sell zone.

EU UPDATE: HIT ALL 3 TARGETS, +175 PIPS
https://www.tradingview.com/x/YkCJqZkC/


USDCAD: Multiple Rejection At Daily Support. Time To Buy

Got multiple rejection at daily support. I would like to see price break above the major QP 1.3000. Overall target will be the large QP 1.3125.

UC UPDATE: HIT FIRST 2 TARGET, +75 PIPS
https://www.tradingview.com/x/nsFoz2bV/


GBPJPY: Pull Back Before The Next Lower Leg

Would like to see a pull back to the sell zone which has a large QP confluence 142.500, and is also at the ascending channel support.

GJ UPDATE: DROPPED +125 PIPS BEFORE BIAS CHANGED TO BULLISH
Created an inverted head & shoulder
https://www.tradingview.com/x/NU9il5m9/



NZDJPY: SELL After Retest

Expecting a pull back to the sell zone which also has a 38.2 and 50 fib confluence. But we may not get the retracement, it could form a bearish flag before continuing down. Overall swing target will be the major QP 70.000.

NJ UPDATE: FINALLY PULLED BACK TO THE SELL ZONE
Possible H&S pattern forming. Looking for completion of the right shoulder
https://www.tradingview.com/x/96EZwvuW/

AUDJPY: At Key Support. Time For A Correction Or Continuation?

Expecting a pull back to the sell zone but may not get that deep of a reteracement, may only pull back to the 50 fib. Or we could get a continuation pattern (bearish flag) before continuing down.

AJ UPDATE: PULLED BACK TO THE SELL ZONE
Possible H&S forming, also could be forming a huge inverted H&S
https://www.tradingview.com/x/loZMPJlK/

GBPAUD: Same From Last Week

Still would like to see price push up some more. It’s very possible we could get a retracement to the 61.8 – 71.0 fib which has a large QP confluence. But first I’m waiting to see how price reacts at that major QP 1.9000


GA UPDATE: DEEPER RETRACEMENT BEFORE DROPPING
Will be looking for short opportunities
https://www.tradingview.com/x/9Rbl14Nw/

GOLD: Needs A Correction Before Next Leg Higher

Would like to see some type of pull back or consolidation before going long. I know some will want to sell the pull back but I’m going to be patient with Goldie.

GOLD UPDATE: GAPPED UP +250 PIPS
https://www.tradingview.com/x/0GXHQ7h7/
Updated: January 12, 2020 — 11:30 am

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