Asia session trading opportunities

USD/JPY: The pair formed a wide range from mid-April to the present. The dollar fails to break through the last peak, as many geopolitical issues increase the value of JPY and many investors see it as a currency of refuge. Levels provide a good opportunity to detect short positions with SL: above the local peaks - 114.33. In addition, Sequential counts 4 in downward movement - negative for price, possibility for deeper downsizing. The alternative scenario is to break a downward diagonal and make Long deal with SL below the local minimum.
Chart:

NZD/USD: The price is in a descending channel after a break in a medium-term upward trend. Indicators indicate that a correction is possible that which give us better short position levels. The price is close to horizontal resistance where it is good to look for a suitable Price Action to make a short deal with SL around 0.7202. The alternative scenario is positioning long if the price goes back into the ascending channel with SL below the local minimum.
Chart:

AUD/USD: The currency pair is in ascending channel, with the price now correct to levels of horizontal support, forming a bullish engulfing bar, and indicators indicating a likely new upward wave. Sequential counts 2 on the top of bars - positive for the price. Dem (13) is in the over-sales area and sweeps up - a probability of a new upward movement. The levels are comfortable for long positions with SL: at levels around 0.7683. If the price goes below horizontal support, we can expect a long-term diagonal test where we can search for a long position signal again.
Chart:

Jr Trader Petar Milanov

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