EUR/GBP Signal - GBP Claimant Count Rate - 15 Aug 2021EURGBP has traded into a key resistance pivot prior to the GBP Claimant count rate, which records the percentage of people applying for unemployment benefits. Technically the pair is in a downtrend and has made a pullback into a key level, and we anticipate downside from here into the 0.8478 level.
Forexlife
AUDCAD H1 - LONGWe are waiting for prices to give us a confirmation on the direction it is going. If prices breaks out of the descending trendline, we will be looking for a LONG opportunity if we get a pullback.
A breakout of the descending trendline isn't enough, UNLESS it breaks above previous structure high as well, creating an immediate higher swing high, to tell us that the bulls are in control now.
EurNzd preparing to fall again.After that doji candle close on the weekly and price being rejected at 1.68000...it is clear that the Bears are ready to take over this pair again,as you can see it was just doing some correction and next week is where i think it give us that big move to the downside...we are patiently waiting for price to revisit 1.68000 and this will give us a nice opportunity to enter in terms of risk reward.
USD/JPY LONG quick scalping TOP DOWN ANALYSIS
WEEKLY TIMEFRAME
So from the weekly timeframe we see a consolidation in term of a compression and price respecting 3 times at 104.800. which mean we have seen price respecting the high lows 3 times but creating "lower high highs" that why i call it a compression just like a pump waiting for the shoot out of price and the direction of the breakthrough. so our outlook for USD/JPY In the weekly is BULLISH NEUTRAL LOL
Consider the weekly "HIGHER HIGH" is at 112.200 and "HIGHER LOW" IS AT 104.800 .When use the Fibonacci tool we see price reacting on the 61.8% retracement level since we see high highs are forming lower than the previous HIGHS
DAILY TIMEFRAME
we see market structure is broken and now is coinciding with the weekly to be bullish. we see price creating "HIGHER HIGHS" and ''HIGHER LOWS'' forming an uptrend in the daily. so if the weekly 61.8% fib doesn't hold then we might see 78.8% retracement or a full complete retest of the weekly "highs"
Lets look closely to the price formation of " HIGHER HIGHS' and "HIGH LOWS" we see price going for a complete retest of the previous low at 104.500 and we have a confluence for a potential long setup .also when your draw your trend-line from the high lows it perfectly respect!! giving more confirmation.
H4 &H1 TIMEFRAME
Since we have confirmed in the weekly and daily timeframe, Currently we saw a clear price rejection from the bullish engulfing candle. and price breaking the structure in lower timeframes in M30 and H1. As i am typing we see price retesting the broken structure which was a resistance and now acts as support for momentum or spring to push it more high.
setup will become invalid when price breaks the 108.200
Note
always use proper risk management and document your trading setup
our USD/JPY long target 1=108.900
target 2 =109.500
USD/JPY Venta USD/JPY Esta en Daily Resistencia lo que significa que si el precio sigue rechazando ese nivel de resistencia estamos esperando para nuestras posiciones de venta. Estoy esperando que el precio minimo llegue a mi 111.210 y vuelva a subir para crear un nuevo HL. Despues de ver como el mercado reacciona sobre esto les dare actualizaciones.
pound yen analysis dec28 2017 : short then long Hi everyone
if we going south a bit more I have marked out an area which can be great risk to reward to get in on this trade if we see some bullish confirmation and a huge plus if we break to the upside
be warned though this market can slip further south if it doesn't stop where my tp is and keeps running : so If this market does run look for signs of change is my analysis on the market
Kris
Potential Gartley on the USDCADAttempting to jump on the bearish trend we have seen on the USDCAD over the past few weeks. Price is putting in a complex pullback creating a Gartley Pattern at the 1.2700 psychological number. This pattern forms within the previous structure high and outside return meaning i will take this trade with extended targets down at a retest of previous structure low. I will get involved if price rises to entries or if i am given another entry technique earlier. Predictive then Reactive