A short opportunity on the GBPUSD with two entry opportunities and stop just above structure highs. R/R should measure just above 1.3
Swings to the upside have been losing momentum. There is a lack of strength from the bulls side to break through Yearly Highs. I am expecting a pullback into the channel and am aiming for a 1.8:1 reward to risk ratio
After making a weak new structure low, GBP made a deeper than expected pullback to the 78.6% level of its last swing. Price is hanging around a previous Long term Structure Low and failing to move away from it. I am expecting a pullback into 1.52817
I'm waiting for a good short position to set itself up.
To capitalize on the bearish trend, I am looking for an short entry fill on GBPUSD. The entry is set to a 50% retracement of the previous swing shooting straight into the 50MA. Overall I am looking for price to reach near 1.6500s because of the strong bearish push
**WT +110** NZDJPY has reached the PRZ and immediately bounced right out of it. Before entering the PRZ price also had bullish reaction to the edge of the PRZ. The abcd pattern drawn in red has completed and price has lost momentum to the downside in the final leg down. Since I am seeing diminishing strength of the bearish trend, I will look to buy expecting a...
I am currently in a long on EURUSD. If price swings back to test the moving average, I will put out a short position with entry, stop, and target. I don't know how long this channel will last on the EURUSD but for now it is giving us traders something beautiful to work with.
USDCAD has been unstoppable, but something has got to give! Here is my forecast for the next correction zone
A double top has formed and pressure is starting to build in the seller's steam pot. The last doji printed this past friday may have many people selling at 1.09534 but I have reason to believe that price will want to push a bit higher. I have my short entry just below the 50% retracement of this last bearish swing
BET Pound Dollar is looking NEAT
Maybe the USD isn't that strong. I don't know. But For August I see a nice pull back in USDJPY price. I definitely see 101.000 in the future let's see if we can get down to 100.000
**WT Early exit +60** I have been expecting AUDUSD to make a correction on the daily chart. I am going to try to get into this downtrend play by entering on a simple structure break play
really..there is no eye in the sky. But I did do my analysis on the weekly time frame.
LT 30** After completing an ABCD pattern USDJPY is showing some bullish potential. I am looking to enter long after a huge doji candle on a supply/demand zone.
LT 30** NZD starting to show a lot of bearish momentum. I am expecting a shallow retracement before breaking through supply/demand zone it is currently facing
LT 30 pips CAD has been exhibiting strength. GBPCAD broke through structure and then closed below on momentum. The next candle shows immediate rejection of the structure area demonstrating the bearish control. The next candle although it had great bullish strength behind it, it failed to close above the previous candle to create a new high. Price should continue...
WT +260 Green arrow belongs after the fuschia arrows (I forgot to add it). EURNZD is approaching an interesting area of demand. Should price bounce off of this area and continue beyond key structure suppor/resistance price should continue to push higher. The trade is there. Those looking for a bigger opportunity have the bigger target with the bigger stop.
LT 51** Huge Momentum behind USDCAD but I have reason to believe this thing will turn right back. A very significant structural area is the wall that price action is running into right now. I am expecting a quick retracement......conservation of momentum