GBPUSD bottomingFor more daily detailed analysis from myself, don't forget to click on the follow button.
GBPUSD is now giving a bottoming price structure.
This means price is being rejected at the same level over and over.
You can see this by looking at candle wicks and areas where price rebounds off an area.
This helps us look long as price is getting more exhausted from the current move.
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GBPJPY Plan for long moveDon't forget to click on the follow button for more detailed daily analysis,
Here we have our GBPJPY chart.
Starting off today with an upmove after the recent drop, we are looking long.
Stochastic oscillator follows price, both are low.
We are at key Support Zones and we are looking to move back up to our key MA's.
TGT is noted by directional arrow.
GBPUSD positive movesFor more daily detailed analysis, don't forget to click on the follow button and like this post after reading!
Here we have our updated GBPUSD chart. We looked at this pair long over the last few days.
After our latest target long was hit today we are seeing positive movement from the GBPUSD out of the bottom of the price channel.
We are seeing bullish price action and are looking long still.
We will accumulate these positions at buy zones.
Price direction is noted by the price direction arrow.
EURJPY turning LongDon't forget to click the follow button for more detailed daily analysis!
Here we have our EURJPY chart.
This Asset has had a huge fall and we have previously looked long, Price is low and attractive.
Now we are seeing reaction at this price point and a movement up. We are way off our KEY MA's and we are at some nice support.
Target is noted higher above with directional arrows.
NZDUSD turning backFor more expertly detailed daily analysis, make sure you click on the follow button!
Here we have our NZDUSD chart.
Another Currency pair driven down by US strength.
We are looking to get long at these previous price zones.
We are far off our MA's and our stochastic oscillator is reading way down low.
Emphatic EURBefore reading, please feel free to go ahead and click the follow button for more daily expert analysis.
The EURUSD chart is one that shows what can happen after a huge fall. Lately, Sentiment has driven down the Euro and given the dollar impressive strength.
Our Stochastic oscillator is way down and we are a huge way off our Important MA's.
As we know, the tables must turn and price must pullback.. We will not have a straight line continuously.
Now is an even better time to get long on this fall.
We buy low and sell high. This is the way to make money trading and must not be forgotten as a key fundamental rule.
GBPJPY H1 - Corrective MoveGBPJPY 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.
EURGBP H4 - Long SetupEURGBP H4
Another GBP pair we are following, but we are a little distance from our entry point, huge rallies for this pair last week as EUR gains and GBP dipped due to economic circumstances and data point releases.
0.85 is a huge psychological number which we can look to play from that's played out nicely during recent trade.
DXY H4 - Long SetupDXY H4
Expecting a larger correction here, we haven't exhausted from last weeks data point antics. Really want to pullback towards that 93.800 price (range box retest). From here, we know we will have seen healthy corrections, which removes the doubt of expecting them further down the line if we are to jump into USD bull trades.
EURGBP H4 - Short SetupEURGBP H4
Spoke about this pair in the technical rundown earlier on this morning. Retest entry was initially marked around 0.85080, where as the 0.85 handle was ideally the trade price to monitor. 0.85 pinned to the pip before rejecting and selling off.
That being said, we have bottomed out here on EURGBP. Eyes peeled on 0.85 again, possible short entry if we see rejections.
USDCAD D1 - Long SetupUSDCAD D1
Of course, inline with the DXY break we have seen, we have obviously got various USD*** bull break setups and ***USD bear break setups.
We have seen an initial rejection of 1.27800, not so much interested in the short setup we have indicated, more so jumping in with the bullish move from 1.26250 support up to 1.27800 again with the chance up breaking upside inline with further USD strength.
Possible trend shift in EURJPY – going long Signal ID: 75657
Time Issued: Tuesday, 06 April 2021 21:00:15 GMT
Status: open
Entry: 151.424 - 151.86
Limit: N/A
Stop Loss: 150.768
The Congestion Opportunities Strategy has just bought GBPJPY at 151.642. The system recommends entering this trade at any price between 151.424 and 151.86. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.076 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.874, so the stop loss has been set at 150.768. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
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Past Performance is not an indicator of future results.
USDCAD H4 - Short SetupUSDCAD H4
Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday.
Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
USDJPY H4 - Short SetupUSDJPY H4
Approaching our retest price here on USDJPY, really want to see some exhaustion as I'm not sure how far we could bounce from DXY 90.000 psychological number.
If we see sequential downside waves, we could expect 105.300/400 hold. But I would rather see clear exhaustion, as the relief rally from 90.00 could be quite significant.
CADJPY H4 - Long SetupCADJPY 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.
GBPNZD H4 - Long SetupGBPNZD H4
We covered this pair on the watchlist webinar yesterday evening with our coaching programme members. Nice support zone identified, marginally lower lows set, but remembers market open causes some interesting price moves which we need to take with a pinch of salt, so to speak.
EURJPY H4 - Long Trade SetupEURJPY H4 - Euro has seen some quite significant weakness so far this week, pulling downside back within our range box consolidation areas.
It would be good to see a two stage reversal on support. Buying from support would compliment out first rule. 2 stage reversal would be a perfect confirmation after such a sequential bearish trend too.
GBPUSD H4 - Long Trade SetupGBPUSD 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 term. 1.35 support on cable has finally been seen after failing to break 1.35500 last week.