This is what makes the most sense to me heading in to October... Monthly wicks respected although the monthly candle actually closed in it's lower 3rd I'm bullish on all TF's 181.60 is a valid MP, OB, TL/Retest, FVG and last weeks opening price... IF we pull back this far we will also be hitting the 0.7 fib level and I fully expect this level to...
Lovely reaction on the daily FVG yesterday, but was too late and out of my trading session, - shame... Today look for shorts if we pull back to the asian high, the lower FVG pointed out yesterday by one of our newest students lines up perfectly with 0.618 fib... From there on, It will be time to look for longs in-line with the higher time frame narrative....
Bias: Short Market Cycle: 2 Shorts only on this pair, yesterday was around 80% of an ADR move, so I classify the last 2 days as push 1 & 2.. Both the last 2 drops have been 200 pips so I would expect at least another 150-200 for the 3rd and final push.. 160.82 is My 1h level to look for shorts. If we get above that I think we may push higher and maybe...
Bias: Open Market Cycle: n/a MP's for todays trading... Even though yesterday was a 1st push in market cycle, I am not against trading a break and retest above 161.41.. No1 preference is still short. 162.04 is a strong on the Daily, 4h & 1h - a KL and also 50% retracement from yesterdays push down..
Bias: Short Market Cycle: Open The Monthly and 1h MP's should hold and give us a short opportunity, Look for a confirmation around this area. Either; a 15m SR & CC setup or you and look for a 5m ChoCh ...?
Bias: Short Market Cycle: Open We have a virtually identical chart on EJ as on my previous GbpJpy analysis, maybe a little cleaner in terms of PA.. I will look to trade the daily levels as they should hold more strength
Bias: Short Market Cycle: Open 500 pips on GJ is a full market cycle in a day, so we can trade with an open bias as per the 15m strategy rules. MP's are the daily levels on my chart, I would prefer to trade short from 162.200 so I will wait for my setup... Short-term, we have support turned resistance on the 4h at the asian high, so there are some...
Bias: Long Market Cycle: 2 GJ is in cycle phase 2, Monday was a daily SR and a full retracement on the daily PA followed by yesterdays full ADR move to the upside. 163.11 and 162.83 are both levels within our permitted retracement area to look for longs. Price will eventually target the imb from 28th Feb,
Bias: Open Market Cycle: n/a Symmetrical triangle,, (Not that I trade patterns) but this generally means price hasn't got a clue what it's doing... Safest method of entry is to wait for a clear breakout under or over the MP and look for a pullback entry...
Bias: Open Market Cycle: n/a I'm going to hold on to the short bias from yesterday for now, but HTF is still bullish,, Accumulation is evident just above the weekly level, this could also get rejected and we move bullish from here, so I want a strong break out and retest before shorting..
EurJpy Bias: Long Market Cycle: 2 Potential longs from the green marked area, Will follow the GFX strategy blueprint, look for an SR & CC from 144.86
Bias: Long Market Cycle: 3 Currently in phase 3 of market cycle, we could be heading up to the daily OB,, The past 2 days there has been no asian-sweep or any large retracement, so we could trade a break and retest of 164.44 above YDH.. Alternatively, a pullback to 163.30, I will also look for long's depending on PA..
Bias: Open Market Cycle: n/a Similar to the PA on GJ, my instinct suggests we are going long, even if it's for a short time only. Notice the wick rejection from the 4h FVG, we certainly now have buyers in the market.. Potential backside trade over 142.900, but be mind-full of the round no KL of 143.00
Bias: Open Market Cycle: n/a No real valid market cycle,, a retracement of Tuesdays news is now complete.. I am long biased due to PA and the overnight rejection of the wkly low level, either from the weekly low at 161.23 of a backside trade on 162.07..
Bias: Open Market Cycle: n/a Sideways PA is but slowly moving down through the MP's,, If we are treading inside the range we need the SR and CC as usual.. To go short on a breakout,, we need a high volume breakout with some distance on it (the type you wouldn't want to trade back into the range). Then a low volume retest or SR & CC on the lower MP.. It...
Bias: Long Market Cycle: 2 Still long on GJ,, Looking at the 162.08 level it's a KL on the Daily, weekly, monthly TF's.. We're trading inside the 1h fvg, so theres potential that it moves bullish at anytime, I will only be looking for LQG on the MP's for the safer entry position's..
Bias: Long Market Cycle: 2 2 valid options here on GU,, Preference would be the pullback to 1.2067, but sometimes price just moves without us.. 2nd option is a backside long on yesterdays high,, we need a nice high volume break before a retest & confirmation..
Bias: Long Market Cycle: 2 Daily rejection of KL 0.8800 which is also a weekly level, Today look for longs from 0.8873