We have a lot of scalping opportunities on this pair! We have the first polls being released in regards to the French elections. We will see a gap once the market opens on Sunday night. There is a lot of opportunity to trade especially at CME open times and Eurex open times. There will be a lot of volatility. I anticipate there will be at least a 80-200 pip...
Reasons: 1. 30 min DT/DB + Deep Pullback 2. Rejection of Asian Range Highs 3. Risk to reward 1:3 4. EURAUD correlation 5. GBP weakness I will be taking partial profits on the down. And I will be moving my stops to break even once 15 pips in profit
Reasons: 1. GBP weakness which we can see across correlated pairs (GBPJPY) 2. Cluster on 15m timeframe 3. Harmonic + Cluster I will move stops to break even once 10 pips in profit! Will be taking partial profits on the way down. Will take partials once 10, 15, 22 pips in profit!
Reasons: 1. 30m DT/DB 2. Inside bar break 3. Longer term downtrend continuation 4. EURAUD + EURNZD + GBPNZD correlation 5. Break of Asian Range 6. Rejection of Asian range highs I will be moving stops to break even once 15 pips in profit. I will be taking partial profits once 15,22, 30 pips in profit.
Reasons: 1. DXY Strength 2. Break of consolidation 3. Break of DXY consolidation 4. Fed Brainard comments 5. EURJPY correlation I entered this as a scalp based on the momentum I saw due to Fed Brainard comments. I exited early as I did not want to hold this trade long term.
Reasons: 1. 15m DT/DB 2. Break of Asian range 3. Rejection of Asian Range Highs
Reasons: 1. RBA kept interest rates same 2. Hawkish statement released 3. Large move lower break S1 and S2 4. GBP weakness and correlation 5. GBPAUD + EURAUD + EURNZD + EURAUD correlations and break of key levels causing momentum to the downside
Reasons: 1. 15m DT/DB 2. 5m DT/DB 3. GBP Weakness + Momentum I took partial profits at 10 pips and then took further partials. The stops were moved to break even fast reducing any risk with the trade.
Reasons: 1. Rejection of Asian Range 2. 30min DT/DB 3. 5min Break of Asian range highs 4. Break of 2 day consolidation 5. 15 candle flip
Reasons: 1. GBPJPY correlation 2. DT/DB 3. Momentum 4. EUR weakness
We are looking for longs on the intra-day charts. We want another test of the trendline. Also if we get some risk news which is of greater significance I will be looking for the trendline to potentially break dependent on the magnitude of the news.
Looking for shorts I will be entering based on setups on the 5min, 15min and 30min time frames. I will publish if I see setups on the market open. We can see on the higher time frames we have been stuck in consolidation for a long time. There are potential setups on the lower timeframes to enter high risk to reward shorts. I will be taking partial profits...
I am waiting for this consolidation range to break. Once we see a clear breakout, we can enter better trades. Ideally we want shorts near the triple top (1.7573) as this would be an area to get high risk to reward shorts. Other area to enter shorts would be a break below the current support (1.7431) I will be looking for entries on the smaller time frames...
Reasons: 1. 15m Cluster + Breakout + 2. Rejection of Asian range 3. CAD pairs momentum 4. 15m DT/DB
Reasons: 1. 15m DT/DB 2. AUD Pairs correlation 3. Break of yesterday's lows 4. Break of Asian range 5. Rejection of Asian range highs
Reasons: 1. 30m DT/DB 2. Rejection of S3 3. Rejecting Asian lows 4. 5m DT/DB Once we hit 102.468, will be moving my stops to break even
Reasons: 1. Double bottom on 15m time frame 2. 5m breakout + DT/DB 3. Rejection of Asian Range lows 4. GBP Pairs momentum due to correlation Target 1: 10 pips Moving stops to break even once 10 pips in profit Target 2: 15 pips Target 3: 22 pips/Next Key level
Reasons: 1. EURJPY correlation 2. 30min Double top 3. Break of 30min consolidation 4. 15m Triple top 5. Asian Range Break