LIT
GBPJPY, the BUY looks beautiful coming into this weekApologies for not being active during the start of the trading week, I was still enjoying the weekend. Currently, GBPJPY moved exactly as we expected, daily closure for last week was above the trendline/key area. As soon as the trading week opened a huge gap occurred and needed to push back into the market structure so we missed out on at least 50-100 pips. Now with a move that big for a Monday, we will expect the price to push a little lower to stay within the daily 50-100 pip per day for GBPJPY. We'll enter a BUY LIMIT with potential updates if we'll enter manually.
GBPJPY BUY LIMIT
start: 129.272
stop loss: 128.572
take profit: 133.572
*Update* EURGBP downtrend, indecision candlestick to blameIn EURGBP, we are still holding the sell position in 200+ pips. Currently, price broke a key area and now pulled back towards that key area and if we can get the daily closure below the key area, we'll still continue holding the sell. Trust the analysis and hold. Let's goooooo
Original analysis:
EURGBP forming an indecision candlestick on the daily chart at the two-year high, very very good confirmation for the sell long term. We'll enter sell positions if price holds it's own.
EURGBP SELL
Start: 0.92900
Stop loss: 0.93400
Take profit: 0.90000
*Update* USDCAD beautiful move, breakout of wedge!USDCAD finally closed below the trendline, very very good on our analysis. Now we can see price push a little bit upwards towards the trendline and continue to keep dropping. We'll keep holding this for the long term perspective and have another sell entry soon when the pullback happens. #sniperentriesonly
Original analysis:
In USDCAD, price is currently sitting at the strong resistance of 1.33388...if we have continuation upwards, we will enter buy positions. If price reverses and bounces off the trendline, we may enter into buy positions, if it continues downwards, we'll be keeping this sell position with an updated take profit later. Good luck.
USDCAD SELL
start: 1.33345
stop loss: 1.33599
take profit: 1.32440
USDCHF clear buy?USDCHF played out exactly how we expected. Currently, Price hit our strong key area of 1.00610 and starting to reverse. This indicates that the strong key area which was broken last month has been retested and is planning to continue rising towards the next key area of 1.03000. Now, this week many news on US-CHINA trade may cause havoc in the markets. We will enter with the stop loss just below the key area and if the price continues dropping instead...we will watch to see if the price is ethier simply testing the key area or making it's way down for the rest of the week. Cheers.
USDCHF BUY
start: 1.00620
stop loss: 1.00300
take profit: 1.02814
USDJPY BUY? SELL?In USDJPY we have a beautiful move that we called out for sell scalps. Perfectly hit our ascending trendline and reversed immediately towards the monthly resistance. Now we are facing two scenarios. A sell stop or a buy stop.
USDJPY SELL STOP
start: 111.648
Stop loss: 111.953
Take profit: 110.195
USDJPY BUY STOP
Start: 112.253
Stop loss: 111.913
Take profit: 112.849
EURCHF Possible Price Action DumpageEurChf had a solid close below the last remaining support and is now in no mans land.
Would also be a perfect 1:1 AB=CD move to the next structure level
With the solid close below makes me think this thing is gonna continue to follow path of least resistance and head lower
Looking to be a great trade with awesome R:R
Will keep updated on this and post higher/lower TF Charts for reinforcement
GBPCHF breakout moveWhichever way market goes we have a plan for a chance long into the next resistance level (1.2913s) or if a breakout to downside stay on move until gets into the zone at 1.28500's
If long and profits get taken off or even half of position possible continuation into a cypher pattern with great fibs lining up
Plan your trade trade your plan!