A few weeks ago I published an idea on USD/CAD (see attached) we've now had the breakout we were looking for along with a perfect retest of the trendline. I personally missed my preferred entry of around 1.3334 which as you can see from the 4H TF had created a triple top respecting resistance zone, This is also backed up on the Weekly TF as we have a lot of...
EURGBP has finally broken the daily ascending channel. the 4H chart has already shown a small retest for the trendline before falling lower however I believe we could come back 0.9000/0.9010 price point which could also retest the trendline before melting. I'm personally looking at a sell target of 0.8850 however we could even see price return to 0.8790 which has...
Following the short on GBP/JPY which bagged over 200 pips there looks to be indication of a similar move on GBP/AUD possibly returning over double.
This pair has been stuck between the 1.87 and 1.73 area for over a year and a half now last month the resistance was retested however failed to break through resulted in price being stuck in a downwards channel....
looking at the 4H chart you can see a double top forming, price hasn't closed above the double top since 20th march. I personally don't see this as a valid setup and won't be taking the trade unless we see a strong close below 146.27. looking at the daily chart we could still push further up as Fridays candle has closed quite low so I am anticipating movement...
looking at USD/CAD weekly & daily you can see we've had a previous bull flag pattern which ended in a large push to the downside towards the end of June 2017. We have been seeing another bull flag pattern forming ever since which has now reached around our previous high of may 2017. comparing both structures we look as though we are coming close to another melt...
Looking at EURUSD last week we had the Head & shoulders pattern indicating multiple long opportunities. Price broke through the 1.12500 resistance level and is looking to have found resistance at the 1.12800 level. Looking at the 1H chart you can see the same level being resisted on the 27th of march and the head and shoulders pattern following the cup pattern to...
