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TopOfThePips Updated 

Looking at GBPAUD today it seems we're heading into a nice potential PRZ. We have a 4h LH, previous 1h rejection candle, previous supply zone and an overall bias to the downside given that 4h and 1h are currently bearish. If we get a nice rejection from the PRZ and can confirm with a CHoCH (and therefore re-alignment) on 15m, I'll be looking to short.

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Hey traders, Looking ahead on the NAS100, we could potentially see a nice bearish cup & handle pattern bouncing off a rising wedge. Or price could break down way before that, bounce around and catch us all out, nobody can predict the markets! Thought this was an interesting study to share and see if anyone else sees what I do here? Trade safe folks and have...

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Happy Friday Traders! A break of our supporting trendline gives us confidence to enter short, expecting a relief rally to around 1.69 before the upward trend continues. Have a great weekend and happy trading!

TopOfThePips Updated 

Good evening traders. Working late tonight analysing USDJPY as we think there could be a temporary correction to the current upward trend. We're expecting price to continue upward to around 145.9 before correcting downwards to around 144.95 Market news tomorrow could affect the trade, so as always keep aware of your positions and protect as necessary.

TopOfThePips Updated 

Morning traders, today we're eyeballing GBPAUD, looking for an opportunity to jump on board the continuing upward trend. If we see an opportunity around 1.953 we will be triggering a long trade with target 1 around 1.966 Remember to always trade to your plan and that nobody can tell you for sure what will happen in the markets. Happy trading!

TopOfThePips Updated 

I'm just waiting for a little bounce back up before getting involved with shorting FX:GBPUSD today. Expecting quite a nice move. I'm hoping to share more of my methodology over the coming weeks, so stick around if you're interested!

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With market data due shortly, we could see a break of the neckline indicating options for shorting AUD/CAD.

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Potential short trade on EUR/AUD but keep your targets tight as I think we're in for more bullish movement on this pair over the coming days so this counts as a counter-trend trade.

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• We have some US data (unemployment figures) coming out today. • The data could either act as a catalyst for these predictions, or it could completely re-write short-term price action rendering this analysis moot. • Box Theory© is currently giving credence to a potential Cypher Pattern. • Nothing to trade yet, just conjecture and rhetoric at this...

TopOfThePips Updated 

Explanation of this trade to come in future. For now, let's continue testing this theory...

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Looking ahead our Cypher Advanced Pattern seems to have extended slightly. It's new projected "C" point has confluence with the .618 Fibonacci retrace of the larger move and Box Theory© concurs. Our rules of engagement mean we can't trade unless we see a break & close beyond structure, then a retrace that gives us a decent risk/reward. So until we (maybe) hit...

TopOfThePips Updated 

Using multi timeframe analysis, Advanced Pattern (Cypher) theory and Box Theory© we have a strong possibility of a Cypher beginning on NZD/USD. At this point this is purely a theory, an exercise in technical analysis; until our rules are met we won't trade. However it will be interesting to see what (if any) of our analysis comes true over the coming days. As...

TopOfThePips Updated 

As I write price action has spiked but not yet closed beyond the original 1.414 Fib Extension. Of course we wait for confirmation but I think this potential pattern has moved from the linked chart to most likely complete at the levels shown on this chart with re-drawn levels. We'll wait and see. Though at this rate it looks like the advanced pattern will complete...

TopOfThePips Updated 

The markets are a bit quiet for my structure-based trades at the moment, but we have a neat potential Cypher pattern setting up. If it completes it could make for an interesting trade. Do NOT be tempted to trade up to the D completion, please wait until the pattern has completed (if indeed it does) before using this advanced pattern as an opportunity to trade.

TopOfThePips Updated 

I predict a rally for NZD/USD but this is only to test a theory so please use your own analysis for now if you're thinking of trading.

TopOfThePips Updated 

If this advanced pattern completes as expected it will give us an interesting potential trade.

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Looking quite neat and tidy at the moment...

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If we get a nice rally up to complete at 'D' this could be interesting :-)