Price residing back down at our long term range support level. We've seen CHF bulls sitting at this level providing some resurgence so far today. Are we going to see a break to the downside this week and price continue to fall?
GBP/USD - 4HR Chart Price has tagged 1.41. Last week we saw price finish above 1.40. This key psychological level (1.41) in price is coinciding with the top of our ascending channel on Cable, so will we see a bearish day for the pair? Keep an eye on this pair. It is currently very fundamental. How much weight do these psychological levels have in these market conditions?
USD/JPY - 4HR Chart We've seen a bounce off our long term ascending trendline. Bullish cycle upwards imminent? Will we see price follow our forecasted price path? Do not use trendlines alone to take trades, however - they can be great to help you identify the trend on the HTF.
Who thought TA could be so simple? Identify trend, Identify key levels. Two potential price paths for the upcoming week. Lets follow this pair and see what happens! Have a great trading week!
Will we see further downside movement on this pair? We saw a break of structure last week after price tagged the top of our ascending channel around a key long term level in the market. Will we see price cycle down to the bottom of previous structure? This pair indicates strength vs strength in the forex markets at the moment. Want to know what this means? Drop...
Check out our previous ideas on this pair! After breaking our descending structure, price formed a double bottom before bulls took over the market. Strong bullish momentum in the markets has continued today with long term targets at the top of previous structure now in range.
We saw a JPY resurgence through the trading day yesterday. This has seen price retest the top of our range after the strong breakout. Where is price heading next on this pair? Are we due EUR strength across the board?
This pair identifies strength vs strength in the forex markets right now with both currencies strong across the board. We can see GBP is gaining on the NZD breaking through key short term Resistance levels. Lets see what happens at our long term key level in price. Use wider stop losses on this pair to account for the choppy price action.
All the information you need is on the chart. Confused by any of this? Or want to find out more? Just drop me a message and we can discuss it! Will we see price rally up to our yellow highlighted key level?
Here's an update to yesterday's idea. We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
We've seen continued JPY weakness in the markets and a USD resurgence of late taking this pair higher and breaking through a key level in previous structure to the upside. Currently price is following our forecast. Will we see a retracement to retest our level - or will price continue to head higher as the bullish cycle continues on the 4HR?
Some simple analysis here on AUD/USD. Key levels, identifying the top of a long term range where price has bounced from consistently in the past. Will we see some AUD weakness in the coming days?
Why have we been looking for long positions on GJ for the past few weeks and months you ask? Well, on the daily chart we can clearly see we have resided in an Ascending channel for some time now. However, we have now rallied up to the top of our ascending channel with a third touch. You can see some key levels marked in on the right hand side. These are key...
Price has broken out of our range to the downside, following our forecasted price path. Lets see if we get any retracement to test our range support level as confirmation to enter a sell position. Bulls failed to create a new high in the market before bears took over and since we've seen a strong break of our range support. Keep your eyes on this one! Check out...
We've seen USD weakness continue into the new trading week. Price produced a lovely break and retest setup on this pair, breaking our yellow support zone and retracing to retest this area - before price fell 85 pips in the following 4 hours. Price now resides at long term support. Will we see this level broken or will dollar bulls be sitting at this level? Have...
Price is residing at long term lows in the market. We are seeing a triple bottom formation, and price begin to squeeze between our descending trendline and support zone. Can we expect a bullish push, breakout and reversal in the coming days and weeks?
Plenty of EUR upside potential heading into next week against the GBP. Drawn here is a potential price path the pair could take, breaking and retesting key structure levels. We have seen a break of our descending structure for the first time, this could be an indication of a reversal heading into next week. Any questions? Drop me a DM!
Price still respecting the key levels we marked in our previous descending structure. The break of structure is the first indication of a trend change. We are at long term lows, price finding support at our key level and bulls looking to take price higher. Will we see a break of resistance next week with price moving higher?