The following are my views for the day ahead. I check the charts before the London session to get a feel for which direction the market may be moving. I then wait for triggers to setup in my planned direction. I usually don’t take all the trades.
- GBPUSD, long to 1.54, start of channel down
- EURCAD, could break higher to 1.396 or 1.403, since daily bar is huge. Or can form inside bar and retrace to 1.378 or 1.3725
- EURUSD, Breakout pullback buy, given the strength of the move. Maybe some sideways first tmr, before breakout. Targets 1.225 and 1.34
- USDJPY daily outside bar, should find TR support at 123.75 and bounce higher to 124.5
- USDCAD likely more downside to 1.231 to cover the open of the daily breakout bar with no tail on 26 may. Less possible to find support at 3 pushes low because it is a powerful move that broke 3 pushes low. Likely Breakout PB lower setup tmr.
- EURJPY could be daily inside bar, could break higher to 139.566, 140.35. POSS exhaustion daily bar, (best looking at bar at end of trend), sideways probably.
- GBPJPY, could break upside 194.78, but need strong signal. Could break lower too, as it is 2 legs to top of TR (unless on the way down, there is strong HL bullish signal stopping the decline, indicating POSS BO). Downside target 189.5
- AUDJPY upside target of 96.87
- AUDUSD likely to move higher to 0.7825 (open price of daily BO bar). Maybe will find support at 0.775 first
- EURAUD some sideways is neccessary for further breakout because of bearish 4H doji. Finding support at 1.436. Likely to move higher to 1.444 region (top of TR, then PB a little, find strong buyers, then breakout)