Clear break and retest failed. 1.70 is the next major support zone (aug 22) pre mini budget in the UK. I am short.
Finally seen a move off 1.335 which is a positive. Beginning to grind up now. 1.37 feels like the next test for me. Wait for signal confirmation.
161 is a real resistance zone for this pair. Watching closely. If a rejection is confirmed it’s hard to argue against a fall back towards 156 baring some major economic announcement from either country.
Looks like the break here has failed and the pair has fallen back into its descending pattern. I’m watching Nov 22 lows for a break and retest, then will enter a short down as far as 1.45 which is the august 22 low.
Saw a break of support last week and a retest this week. If we see a refusal here it could open the door to 0.89. Wait for confirmation.
Pressing on the upper edge of the channel I’ve highlighted before. Expecting a slow move down to lower end now. Good entry point.
Looking for a move down towards 128 here. Tried the upper channel a few times with no break. Support is 127-128. An eventual break from this descending triangle will create a really big move. For now, I’m short.
I cannot see an argument for GBPUSD breaking 1.24 and staying there. I am short from now, SL 1.245, expecting a fall back towards 1.22.
Looking short here with a SL at 124.2. Strong resistance, overbought, feels a little exhausted.
Significant opportunity here for GBPCAD. We’ve seen a break in channel, a rejection and now the start of what I think could be a downward trend. I’m going to see how things open then could be looking at a significant short position here. Follow me for live information
Seeing a real range developing for this pair. Support at 1.665/ 1.67 could see a return to 1.7 - I’ll be watching next week and will share trade info with my community.
Looking at some significant historic resistance here for this pair. The rejection last week could single a move back towards 1.02. Follow me for live information.
I still think there is a long way to run here down to 0.855 support. I am in this trade from .0885, but if you’re not already then consider an entry on this most recent push up.
AUDUSD has been trading in an upward channel since October, and has recently tested and rejected the upper edge. I suspect we’ll see a fall back to 0.685. A downward break could open a fall back to 0.62. I’ll be looking to enter Monday / tuesday. If the lower end of the channel is tested early Monday and holds, then the same could be open in a long position....
Watching USDJPY this week also. I think there is an argument for a 2/300bps move up to test this channel. A break up there could unlock a long run for USD, but failure to break resistance and you have to start to consider 115 which was where the pair were trading around March 22. Follow me for up to date trade information.
Afternoon TradingView, I wanted to share a recent trade shared with my community & this platform. A massive move in GBPAUD. I shared this idea here on the 17th Jan. I’ve been updating the 1021 challenge team throughout this move, and I will continue to hold up to 1.81/82, but here we had clear support, a descending triangle, break and retest, then run. Almost...
Expect to see significant resistance here for EURCAD. Two attempts to break in 2022 failed, let’s watch closely for a short, or if a break and confirmation, long to 1.60 may be on the cards.
Looking long here for EURJPY. Clear support at 138.00, potential drive back towards 143.00. Follow for exact details.