The higher timeframes indicate a bullish nature on this particular pair
The most recent support regions on the smaller timeframes have successfully held with some consolidation becoming apparent prior to Asian open
Price attempted to break support again and failed. This justified a buy position in the form of a buy stop in order to confirm momentum before...
I am looking to sell this pair should we break the previous candles lows
Daily and 30min momentum is to the downside, with the previous structural lows also being broken
targets will be set at the previous weekly lows
This pair has had little in terms of high volume price movements during yesterday's London and NY session
We have since had some higher highs and higher lows forming on the 30min timeframe which has confirmed bullish indications
with this is mind, I opted to enter buys once support had formed and the London session had opened
Stop-loss set below the previous...
GBP/USD has been making some good progress to the upside after some stagnation at a significant support region
with price breaching previous highs and creating new swings, I| noticed price find support Pre-NY open
with support lining up with previous structure and bullish candles forming, I was confident that a buying sentiment was favourable
I have my target...
GBP/JPY has been bullish for some time now with high momentum pushes on all timeframes
there has been a recent correction and some support formations after a decent rally.
with no significant pullback in place since market open, I opted to take some sells should we break the previous candles lows come market open.
On this occasion, the market fell below the...
Weekly momentum remains bullish although the current week had a bit of a rally to the upside. The previous weeks lows have also been broken which signifies selling momentum overall
A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable...
This pair is displaying a bearish sentiment overall on the higher timeframes.
The H4 timeframe attempted to create new highs and left some rejection wicks, failing to break resistance.
The 30min timeframe displayed a clear push to the upside which is the only timeframe to create a solid bullish move
with this in mind, the more probable result is for the bearish...
Price has displayed a bearish sentiment and momentum for some time now. This analysis is based on a few technical factors:
- Weekly momentum to the downside is very high
- The previous daily lows have been breached
- Current price has retraced from support in order to achieve a discounted entry
Targets have been set at a significant support region and I intend...
Weekly Timeframe:
This timeframe indicates a buying sentiment, however this is mainly because the previous weeks data is predominantly bullish.
That being said, the current weeks data has pushed price close the previous weekly lows which could be a hint that we may see some more sellers enter to create new lows for next week
Daily Timeframe:
This timeframe...
- 3 out of 4 timeframes point towards a bearish sentiment
- with a viable pullback taking place, I am looking for the creation of bearish price action
- this will create selling conditions where I hope to sell until the next area of significant structure
- this highlighted area is also an area that has had clean price action previously and should repeat itself
- Price is bearish on 3/4 timeframes, increasing the probability of a short
- Price broke below precious support and came back for a retest
- With the creation of a bearish candle with no lower wick I anticipated a move downwards
- Price moved upwards on a retrace and I entered a sell to get a better entry price
- Market structure has flipped bullish once again
- We have broken to the upside from the range we were stuck in pre-London session
- Buy stops were set in order to catch upside momentum should it continue
- we are currently entered into the trade and we have two targets set
- Target 1 is at the previous highs and Target 2 is set a little longer term at the...
- Price has broken below the H4 support region and has made new lows on 30min timeframe
- This brings us to a 3v1 bias to the downside for the time being
- A sell stop has been set in order to catch the momentum if it should continue
- Targets set at next level of higher timeframe structure
- Price is bullish on 3 out of 5 timeframes
- with price potentially breaking out of a range bound market, we are seeing higher highs and higher lows being created
- with this shift in momentum, I am looking to buy up to the next area of significant structure
The market is bullish on all timeframes
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With price making higher highs and higher lows on the 30min timeframes, I will look for buy positions
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Upon the creation of support at a previous structure level I took a market execution, targeting the next significant level of structure
Previous resistance broken out on 30min timeframe
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Minor support was held with a further bullish move
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With the confirmation of further bullish pressure, I took a market execution with targets set at the previous daily highs
Market trending upwards on higher timeframes
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Support level held again
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Rejections of support level is hinting a further move upwards
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A buy stop order was the tactic chosen due to it being somewhat reduced risk as it would only be triggered if momentum was to continue in the desired direction
GBP/JPY
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Sell
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Market execution
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We have seen the creation of an ascending structure with three upper trend line touches
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A move downwards from the upper structure has created another bearish flag at the channel lows
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Price has creeped up to the first significant structure and is now rejecting the level on the H1 timeframe
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This confluence is enough to...
