Price is still showing signs that we will continue the push to the downside. We have broken the trendline, also had that liquidity grab back into that key resistance area, which was really nice!
Managed to catch this beautiful order entry last week, where I have now secured risk and letting it do what it wants. Originally I wanted price to push up into the right shoulder region, where if we get this I will add into my position, or if we continue the pushdown, a nice break and retest of the trendline will be a safer entry!
Weekly, we are very bearish still so I believe we may have another push to the downside, however, I really like the way Friday candle closed starting to show rejections to the downside. Looking to be a really nice swing trade to the upside soon, in my opinion, depending on what kind of state goes for GBP and if we can get some fundamentals to get this trade going again.
If we can close above this daily level, I will be looking for longs, at the moment it is seeing to be struggling so we may have a push down from here before then looking to take longs. My target would be to create a new higher high so 0.7500 could be a nice target. Last week closed very indecisively so as we stand it’s a hard one to call, so I want to see further...
Key levels here on gold playing out to perfection. Where will gold go next? I will sit back and see, I now have positions on both sides of the market to expose myself for Gold to do whatever it wants, zero stress!
Intraday trade, pushed into 2.7% profit, secured my risk and now being stopped at breakeven. Hovering back around the retest of this at the moment, but for me, higher time frame rejections are concerning so I will sit out of this one for now.
Looking at EURUSD to come into this zone to create that right shoulder to the head and shoulder formation. From here, I will be watching for price action to take the potential short trade.
Really nice daily close yesterday on the bounce of that trendline, with a good bullish engulfing. Now I am waiting for the retracement of that candle to enter. These are levels that I will be looking at longs from if we get the right price action. Also taking longs from 0.72250 as well will be nice.
Mentioned shorts on this pair when price looked incredibly bullish. Now, look how beautiful this daily close is! The third drive to the highs, let's see if price can run down from here.
We are currently seeing some pound strength again after the news that EU wont seek to suspend negotiations on Brexit. So I will be waiting for the daily close to asses whats next for GJ, more price action needed for now.
Gold in a key area, taken longs from my key levels. Seem to be retesting the back on this trendline, can we get the upside momentum to breakthrough? Lets see whats in store! I am currently holding short and long positions on gold both at breakeven to expose myself to whatever happens!
Nice higher timeframe rejections on BTCUSD. Lower timeframe analysis is showing some good signs of an upward push from this region, seeing double bottoms, a nice break of the this trendline could drive the price into 11,100USD areas!
EURNZD has now broken this trendline / neckline to the head and shoulders, coming into a key level of resistance where I will be securing profits, holding portions and seeing what happens next!
GBPJPY running nicely, coming into a big trendline where we could see another push to the upside or we could continue the pushdown. Regardless, in this situation, I will close 70% of my shorts, leave the rest as an anchor to take longs, or if we continue down, I will just hold and ride it! Key point is to have anchors all over the market, it gives you confidence...
I was waiting for the price to break out of this zone, after seeing the manipulation around this trendline gave me confidence that we will push to the upside which we are now doing, I believe a new higher high around 1.6700 will be achieved.
Price is rejecting the lows of this trendline, so I believe we may have a nice push to the highs, where we could come into creating this right shoulder, so a nice hedge long before looking at shorts will be on my radar for sure! As we get here we could see price continue pushing down to the lows. The weekly time frame was very bearish, rejecting highs and lows so...
August closed very bullish and seeing further upside could easily be seen. Weekly candle, showing indecisiveness, but more importantly, a key rejection from resistance now turned support. We could see a push into highs around this trendline, to potentially achieve 1.3750
I have two positions running here both at BE, price action is showing that we may have a push down from here where we could see a downward target of 1.7950. The monthly timeframe we are very bearish, so a retest of these lows before the next move up is looking nice at the moment.