aplustrading_

aplustrading_

USD CHF is quite bullish with bouncing of monthly levels of support and travelling to the upside. In addition, the weekly time frame also shows a period where price was consolidating at the lows and now for the first time price has broken the consolidation retest and is now pushing to the upside from a daily perspective price is still looking bullish retesting a...

aplustrading_

EUR JPY has created multiple rejections from the monthly timeframe indicating price is rejecting to the downside and we are pushing to the upside, the monthly candle has opened bullish expecting a continuation to the upside. Scrolling to our weekly we are seeing where the market was in a downtrend then we have a weekly bullish candle breaking above the LH...

aplustrading_

EUR CAD seems quite bullish with the structure of the market in an up trending structure from a daily perspective we have a pullback now expecting a continuation to the upside, from a fundamental perspective the EUR is stronger than the CAD as the CAD is showing signs of weakness based on recent CPI data, In addition based on evaluation of currency strength the...

aplustrading_

GBP/USD is giving us a bullish price action based on the market structure. We are seeing from a weekly perspective we are retesting the previous HH forming now a new HL at around 1.30362 and as such we can expect a continuation off this level to form a new HH, Scrolling down on our daily timeframe we can see where we have a structure shift from being bearish to...

aplustrading_

Price has approached the monthly highs of 1.78907 where price has reversed from in the past, in addition scrolling down on the weekly we can see the formation of a double top pattern indicating signs of reversal, on our daily we can even identify structure more clearly with the formation of a bearish engulfing pattern off the highs indicating signs of bearishness...

aplustrading_ Updated 

Based on the daily chart we can observe price has broken a key area and came back to retest forming a new LH, daily candle has already started pushing bearish indicating a clear conformation of the trend, based on lower timeframe such as the 15 min we can observe a shift in structure. With consumer confidence coming out bullish today that indicates a bullish...

aplustrading_

EURJPY buy, Price action on a trend basis on the daily timeframe is showing an uptrend with price retesting a key level in the market. Scrolling down on our 4h timeframe we can see an area in the market where price is failing to break the lows a reversal can be observed in accordance with the trend. In addition, most retail traders at the time of this are shorting...

aplustrading_

AUD/jpy buy, Price is retesting a major BOS on the daily timeframe as we can also see price is in a strong uptrend market. Scrolling on the 4h time frame we can see where the bearish momentum is decreasing and the market is moving side ways, on our hourly timeframe we can see triple bottoms being formed and also on our intraday timeframes we are seeing rejections....

aplustrading_ Updated 

GBP/USD has being range bounding for a good while on the daily timeframe, for the first time we are seeing where price has broken below the consolidation levels and came back for a retest. What we can expect is a head to the downside with market structure supporting this idea. Scaling down on our 4h timeframe we are seeing a potential double top being formed...

aplustrading_

GBPJPY is a sell, Price is at a key level on the daily timeframe where it has rejected multiple times to the downside and now we are testing that level of resistance. The RSI is also slowly approaching the 70 line which indicates a sign of overbought and a potential reversal to the downside , price is also looking to cross SMA 14 which could also support the...

aplustrading_

CADJPY buy, The daily is showing a strong uptrend with price testing the previous break of structure. In my opinion , this uptrend will be maintained and a push to the upward side might be quite realistic. Approach with caution and look for the best entry on lower time frames

aplustrading_

EURJPY buy, The daily is showing a strong uptrend and we are at key level in the market where price is retesting the previous low. A fake out might be observed near the area before price pushes to the upside. Price is also approaching the RSI 30 line on the 1hr, Based off currency strength also we can see where other EUR pairs are also exhausted and a time for...

aplustrading_

GBPUSD is a buy with daily showing signs of upward movement to the daily highs of 1.28085, on the 4h we can also a see an uptrend with price retesting the previous BOS. USD pairs showing signs of downward movement which indicates an upward movement in pairs trading against the USD

aplustrading_

AUDJPY. Price is at a major level in the market where price previously bounced from this daily resistance level, scrolling down on our 4h timeframe we can also see multiple wick rejections forming at this key level , rsi also approaching its 70 mark where price previously rallied off at. Scrolling down to our 1h we can see a tripled top pattern being form...

aplustrading_

USDJPY can be shorted down to 146.345, overall trend is an uptrend however rsi is printing a level of overbought on 4h with a strong double top forming indicating a short term trend to the downside, priced has also slipped below the 14 SMA. Stop loss at 148.631 and tp at 146.345