GBPUSD H4 Monster rejection H4 candle forming at the moment, around 10 minutes until this H4 candle closes. To see this candle close red would be amazing. Added another entry point short from 1.21, we traded this really well last week down from 1.22 region, these whole number on cable are playing out incredible, and have done for months.
USDCAD H4 Here is the break we was expecting in line with USD weakness and continued CAD/WTI strength, as WTI broke that $80/barrel, we saw CAD climb in strength. Looking for the pullback to the broken support (now resistance price) to offer short entries, in line with a solid confluence stack.
GBPJPY H4 Very similar structure here on GBPJPY as we have marked up for GBPUSD, and it's purely based on the hike spike yesterday, followed by a healthy correction, approaching our 151 support. Assuming this 151 support holds, we can trade initially back up to previous highs of 152.200 and then possibly beyond.
GBPUSD H4 Same again here for GBPUSD as compared to GBPJPY... Looking for a bit of a market correction here on cable before then taking off again. Heavily influenced by 12:00pm events though, so please be aware and protect positions. Should be another interesting day with aggressive GBP related moves as previously mentioned. 1.33 is clear resistance. So a pivot...
GBPJPY H1 This is what we should be looking for on the lower timeframe front, we are simply moving from left to right with a circa 85 pip range, we could measure trades from support to resistance, but ideally not resistance to support, as we are ultimately expecting a bullish break to see out some corrective moves due from last week.
GBPJPY H4 Followed this pair and also GBPUSD perfectly over the last couple of trading weeks, we have played amongst some large data points too, we have BOE up today to be aware of and also NFP figures tomorrow which are certainly going to throw markets around. Need to be vigilant and protect profits and positions across the board.
EURGBP H4 This performed perfectly, really good break and retest, was hesitant due to expecting a slightly larger correction, and for that correction to bring us back into structure, however we never saw that and that 0.84600 support price held nicely.
It’s been awhile I traded usdcad but I felt the current structure I’m seeing might be useful. Let’s see how things will go on it.
NZDUSD H4 Similar setup to AUDUSD (AUDUSD analysis to follow), however a little cleaner in my opinion in terms of technicals and targets, the conflicting factor is the ACTUAL performance of the NZD vs AUD, AUD being the weaker amongst the two. Need to make sure we are trading south of these trading zones going forward, support has broken but we must ensure...
Gold H4 Back on support price of 1797, the range continues... We didn't quite push up to resistance. But filled majority of the range. Bit late for us personally, but interested to see where we are tomorrow for EUR/LON market open.
USDJPY H4 Potential short range here down to support here, nice price action close on that previous H4, means we have continued that lower low sequence on that last correction wave. Eyes peeled on the M30/H1, looks like a structure break and retest for a potential upside move. Higher timeframe takes precedence remember.
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 M15 - We need to address this resistance zone, really looking to pop above this to continue corrective (upside) momentum.
EURCHF H4 - Another fresh low set and we are fast approaching support, this next bearish wave could be the start of the reversal as we enter 1.07200 support region.
GBPUSD H4 - Popping up higher and breaking above correction highs, failed to set new lows means GBP pairs are seeing a bit of a SUSTAINED RECOVERY from Mondays selloff, not just a corrective pullback, if we retest and sit on 1.34 support, we could look to scout out longs up to 1.35. Back in trading range, and volatility has settled into this week.
EURUSD H4 - Currently pushing a key resistance zone, we have marked and annotated the monthly key level, resistance zone and 1.19 whole number, usually we would look to short this, but DXY is looking weak and we may be ready for an upside break, we have an ascending trend too, with sellers losing strength each time we push 1.189, breakout may be imminent. A break...
NZDCAD D1 - Daily close yesterday saw the upside breakout, a retest of the newly formed support zone could warrant buying opportunity off the back of todays close. Already starting to see a pullback, we have breakout highs, resistance to support and 0.90 whole number too, so a handful of confluences. RR is also sitting at a huge 1:6.
EURAUD H1 - Support has been broken, AUD strength seen over the eastern session. Caused AUDUSD to eventually pop higher too, but this bearish 1:13 setup here is super lucrative.