Thank you, @Wightpips! Let’s look at it together. I will now describe what I see and would then be thankful for your input!
AUD USD is in a clear downtrend. It broke out of a channel in late October 2018. But it has since set up a new descending channel. Since late January 2019 we see two clear downward legs (waves) with lower lows and with weak corrective movement, failing to make higher highs. And the Thursday’s pinbar marked a possible end to corrective movement at 61.8 Fib level of recent downswing. My take would be that the price will go down as far as the September-December 2015 lows, at 0.69. Or at least to the lower border of the new channel, at 0.696. But I have already missed the entry on Friday and do not want to put too much risk into the trade, given that I have two other open trades. So, I guess I will let it go unless I see a lower risk entry in following days or later on at some lower point.
NZD USD is in a range that is getting narrower since November-December 2018. The price on Thursday bounced off the upper boundary of the channel forming a pinbar. A good entry here would target the lower boundary of the channel, 0.6725, or pre-flashcrash low of 0.666. But again, no handy entry was in sight on Friday. If it does appear, somewhere at 0.69, I will go for it. If not, I will let it go.
CAD JPY is a very nice head and shoulders, it seems to me. A double shoulder on the left at 83.8, a head above 85 (bounced off 200 daily SMA) and a shoulder on the right at 83.8 with pinbars that marked failed breakouts above that level. The neckline is almost flat at 82.425. According to the textbooks, we should expect the price to go down from the neckline the same distance it went from the top of the head to the neckline. That is, 280 pips, as I see it. So, the target would be 82.425 - 2.800 = somewhere near 79.625. I never came across such a clean H&S pattern, so I am very thrilled about this one. Aiming at 80.5 level to not be greedy
By the way CADJPY became top SW trade on Friday. I would potentially expect the return of the price to the neckline or near it and enter from there, with 100 pips SL, but I have already entered from the neckline at 82.4, as I posted on Friday. If no such pullback I personally would have let this trade go.
USD CAD - we have analyzed it before. But pay attention to the weekly chart. The bearish week before the last one had been an inside bar in a clear uptrend. And our last week when we entered was a bullish engulfing based on failed bearish breakout from the inside bar. So, we should be very optimistic if price goes beyond 1.347 and add to the position, like we discussed earlier.
Finally, look at DJ Oh dear, I should have held on to my trade! I think that even the US-China deal will not spark a significant rally, cause the US economy is clearly slowing down. So I think I will be seeking a re-entry on DJ/SP/NASDAQ to go short. For DJ - somewhere at 26000 with 26200 SL. DJ looks good to me, cause on the weekly chart we have a coil inside bar setup which promises us an explosive breakout. My guess is that it will be downwards.
With all that said, we certainly remember that in the market ANYTHING CAN HAPPEN. And all of the above is just my personal view of what’s going on.
Would be happy to read your thought on these, @Wightpips! And from other guys on BabyPips as well, certainly!