MMQ_FX

MMQ_FX

Expecting a fall in price of the GBPCAD. Price appears to be rejecting the intra-week resistance, in line with the 4hr descending trendline. Targeting last week's low at around the 1.69500 mid-psychological level. Let's see how this plays out!

MMQ_FX

NZDJPY uptrending. Expecting price to break the current area of resistance up to the next structure at around the 71.650 level. Easy 95 pips if momentum can sustain!

MMQ_FX

Expecting USDCAD to break to the downside of the current range. My earlier idea published for a sell limit was cancelled as price began to fall. I now look to enter a short on breakout. Looking to take profit at the next level of support. Great R:R, stops can be placed above the psychological level at around 1.35200!

MMQ_FX

Analysis on chart - likely one for next week! Let's see how this plays out, and confirmations will present themselves for our entry. Excellent R:R

MMQ_FX

CHFJPY has broke the ascending trendline and price now looks to be coming up to retest this, in line with the previous support-turned-resistance zone. Current PA indicates bullish momentum has halted and a reversal may be incoming. I look to short to the July low for just under 100 pips.

MMQ_FX

Head and shoulders pattern observed on GBPAUD 1 hr. I am anticipating a retest of the broken neckline before a continuation to the yearly low. We are only 170 pips away! Monitoring this one closely

MMQ_FX

EURGBP looking extremely bullish this morning. Hoping momentum can continue to retest the ascending trendline. We could then see a reversal and a Short to last Friday's low. Potential 100+ pip trade! Let's see how this plays out - we must bear in mind the ECB interest rate data is looming as well for Thursday.

MMQ_FX

A potential short opportunity may arise for USDJPY at the 107.400 level. Confluences here will be a rejection of the descending trendline, in line with the 100/200 EMA, and the previous support zone. We may experience an initial drop to the 106.635 area ('TP1'), with a second target around the 106 psychological if momentum is strong. Let's see how this plays...

MMQ_FX

Technical confluences forming my bias detailed on the chart. Excellent R:R on this trade!

MMQ_FX

Simple counter trend buy on GBPAUD - price has broken through the downtrend and retested on the opposite side. Potential bullish continuation.

MMQ_FX

Confluences detailed on chart. GBPCAD showed strength yesterday despite the poor data for GBP. Hopefully we will see a rise on GBPCAD to said level. Let's see how this plays out at London. A drop below previous support will invalidate the idea.

MMQ_FX

Simple short idea on EURCHF, H4 timeframe. Price appears to be breaking the head and shoulders neckline, with the past four h4 candles remaining under the 200 EMA. Doji candles indicate price is due a breakout. The technicals look bearish and I believe we can see at least around a 60 pip push down to the next structure. Profits could be taken at the 106...

MMQ_FX

Simple analysis explained on chart. Nice R:R. Check the D1 timeframe also - 9th March gap fill completed so hopefully we can push back up. If price does break below, a break & retest scenario to then go short may also be viable. Let's see how the day plays out!

MMQ_FX

H4 analysis on AUDCAD shows price ranging between the 0.94000 - 0.93000 psychological levels since the beginning of the month. Price action at the resistance area (long wicks, spinning tops/dojis) indicates price is struggling to break higher. 100+ pip drop potential, targeting the bottom of the range, in line with the 100 EMA where price may reject.

MMQ_FX

EURJPY has broken the neckline that price has been supported by since May. Today I look to capitalise by entering a short position aiming to reach around the 118.900 level. Price action looks very bearish today with the last H4 candle closure (shooting star) being my confirmation to enter this trade. Price is currently resting on the 121 psychological however...

MMQ_FX

EURCAD finally made the bullish move I had been anticipating on my previous idea published 2nd June. Unfortunately, my buy limit did not trigger and I missed the whole move! Very frustrating but nonetheless satisfying to see my analysis play out as expected. At CMP we have a break of the descending triangle to the upside, in line with what appears to be a...

MMQ_FX

Simple set up on AUDUSD, price appears to be retesting the opposite side of the ascending trendline. Looking to short to the intraweek low, just shy of a 100 pip move. Excellent R:R of 1:3+. Hopefully can make this risk free prior to the FOMC announcement later today.

MMQ_FX

Shorting GA from the top of the range. Saw some bullish movement toward/during today's London session, however I believe price has halted at the 1.83 psychological and we will see a further decline in price. GA is still downtrending on higher timeframes and I believe we can move much lower. PA at the 1.83 psych suggests exhaustion and a reversal, (long...