NZDCAD H4 Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens. As annotated, waiting for the pullback (just like DXY H4 chart) before...
USDWTI H4 - Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively. Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with...
Gold H1 Manic moves from gold off the back of Fridays antics. Really struggled to break above 1793 resistance which we had spoken about. Eyes peeled on this top resistance price, hourly range seem to be holding quite nicely. Higher lows are still being set, so maybe waiting for a lower timeframe break and retest would be prudent in this instance.
BTCUSD H4 Another new high extended from our support to resistance range. Hopefully the higher low finds support and we can further extend, seemingly have ETH and ADA looking very similar and following suit.
GBPUSD H4 Approaching our 1.42 whole number resistance price again, offering just in excess or 3.2R from resistance down to support, covering the majority of left side wicks. Daily/H4 resistance, 1.42 whole number, breakout/yearly highs. Multiple confluences on this trading zone that have failed to see a sustained break above. DXY moving sideways on support....
EURJPY H4 This range here on EURJPY is crazy, and has been running for circa 3 weeks with the exception of 1 or 2 fake-outs. Monitoring this closely this week, we can trade the range from support to resistance and also resistance to support, but as soon as we break, we can trade the retest. Don't fix it if it's not broken.
USDCHF H4 Not really the kind of structure we like to trade as we are moving away from our H4 trading zones, however, worth following and using as a comparative pair to determine USD bias going forward.
DXY H4 Effectively looking for an upside break of the area we have marked. With regards to fibs and market corrections, this would be a good price, or at least our maximum correction potential before seeing bullish intervention again. We will have to see what unfolds, but so far USD zones seem to be okay for the moment, which is positive.
USDJPY H4 Really interested to see what happens as we approach our 109.200 price again. A double bottom/support confirmation would be great to look to trade long back up to the previous high price of 111 ish. Really good RR on this trade offering in excess of 1:6. Keeping a close eye on other ***YEN pairs and also DXY.
GBPJPY H4 This pair has been very one sided this week, completely bearish, reversal, completely bullish. Had my eye on 150.000 which exploded, eyes peeled for 151 region to see if we have any signs of slowdown. This is the spanner in the works as compared to EJ, UJ etc as mentioned on the previous post. 1:5 from the indicated order details.
NZDUSD H4 In-between structure on NU, remember we only ever want to be buying or selling from our key red box trading zones, our H4/D1 trading areas, using these zones in line with other confluences such as key levels, regions of supply/demand and so on and so forth right. Waiting patiently for this to unfold or present a buy or sell from resistance or...
GBPUSD H4 Certainly an ambitious projection, but all we are really after is a strong break above all resistance in sight, including that 1.40 psychological number, followed by a simple retest. This could gear us up for nice extensions back up to 1.42 region, the price we were pushing a couple of weeks ago.
CADJPY H4 We applied our higher timeframe principles to the lower timeframe (H1) chart to follow and structure break, retest and continuation up to the next whole number price (86.00) which quantified nicely at 1:3. Scoping out, really would like to see a H4 support retest, to stop us getting lured into what is going on too much in the lower timeframe. 85.000...
CADJPY H4 Bullish outlook here on CADJPY, however USDJPY looking for a bearish rejection from the resistance retest price we are approaching, analysis to follow. Nice bounce initially here anyway, same as always, scouting out that breakout high at around 83.866 ish before looking for new highs. A double bottom on 83.150 could offer another entry.
GBPJPY H4 - Still in play here, little bit of a correction from that 141.300 price as markets opened yesterday. Sold off down to the closest support zone (140.300). We have seen an initial bounce from this price and now threatening those previous highs from last week, back on 141.300. A Solid break and retest of this price could signal GBP bulls, but that B&R is...
GBPUSD H4 - USD strength seen off the back of the weekend headlines and USD upside gap, various reasons supporting this, such as the US vaccination manufacturing, Trumps comments last week regarding stand-down and January 20th transition, stim packages etc... Eyes peeled on DXY going forward this week, looking to suss our whether these moves are short or medium...
EURUSD H4 - As we know, practically the mirror image of DXY. Trading above the s/r zone, resistance price at 1.22700-800, new highs required to maintain upside trend, and subsequently downside trend after fresh lows on DXY.
NZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.