Break
GBP/NZD - Break of Ascending Structure Will we see further downside movement on this pair?
We saw a break of structure last week after price tagged the top of our ascending channel around a key long term level in the market. Will we see price cycle down to the bottom of previous structure?
This pair indicates strength vs strength in the forex markets at the moment. Want to know what this means? Drop me a message?
GBP/NZD - Bullish Cycle inside this Ascending ChannelThis pair identifies strength vs strength in the forex markets right now with both currencies strong across the board.
We can see GBP is gaining on the NZD breaking through key short term Resistance levels. Lets see what happens at our long term key level in price.
Use wider stop losses on this pair to account for the choppy price action.
USD/JPY - Price Following Forecast with Break to the UpsideWe've seen continued JPY weakness in the markets and a USD resurgence of late taking this pair higher and breaking through a key level in previous structure to the upside.
Currently price is following our forecast. Will we see a retracement to retest our level - or will price continue to head higher as the bullish cycle continues on the 4HR?
USDJPY Bento Box LongSince price is hovering at the top of the bento box I'm thinking of looking for a buy more than looking for a short. However, I think it's important to note that the market can go to the downside and show us its ready to head down.
The biggest thing I'm looking for is avoiding the monday fakeouts , as I have noticed that fakeouts occur more on mondays than any other days with the Bento Box.
RRR= 1:3
Goodluck traders
CCIV - Technical Analysis 2/14/2021CCIV is about to get merged with Lucid in the upcoming future.
This is a TA of CCIV as I see it,
It did breakout from the 36 resistence but as you can see there is not enough volumes to support it.
Long trades are welcome, go with the trend.
I already took my tendies, will be looking to get in to another trade on Tuesday around 34-36 support lines if possible.
CAD/JPY - Breakout to the UpsideSee how bears failed to push price down to support. This is our first indication that bulls are beginning to take control of this market.
Bulls did indeed take control and we've seen a breakout overnight of this range after some indecision at our key resistance level.
Where will price head next on this pair?
Interested in talking trading over the weekend? Why not send me a DM.
EUR/JPY - Bears enter at Long term Resistance once againPrice has rallied up to tag our long term resistance zone before bears have entered the market once again. Will we see a break of our ascending trendline? Price still trading inside our blue highlighted area bouncing between key levels in the market.