gibbsys

gibbsys

Trend: Bearish Structure: Support and resistance Plan: Awaiting price to move slightly higher before taking a short with the continuation of the bearish move.

gibbsys

Trend: Bearish Structure: Horizontal Support and Resistance Plan: We look for a small pullback in price before entering in a short position. MACD on the 1 hour TF has confirmed short, so a small pullback would be lead to a good entry for the short.

gibbsys

Trend: Bullish Structure: Support and Resistance / MACD Plan: We look for price to respect the resistance line it is currently trading at and along with MACD confirmation breakout to the upside. Please be aware that price could also fall further down to resistance 2 and then continue the bullish trend, this would still allow the higher low to be in play. Again...

gibbsys Updated 

Trend: Bearish Structure: Support and Resistance Plan: We monitor EURJPY for a potential breakout to the downside. I would expect price to test the upper trend level before making a move down. MACD confirmation before entry and price could always breakout to the upside confirming the double bottom.

gibbsys

Trend: Long term bullish, previous month bearish. Structure: Support and resistance / Zone Plan: We monitor CADJPY for the potential breakout to the downside and continuation of the bearish trend or the potential pullback to the previous low/top of zone. It appears price has respected the lower level and may pullback towards the upside however this is an...

gibbsys

Trend: Bullish Structure: Support and resistance breakout and retest. Plan: We look for price to respect the lower resistance level and MACD to confirm a long position. Price has been falling for a while so we enter cautiously and wait for a firm uptick before entry

gibbsys

Trend: Bearish Structure: Support and Resistance Plan: We monitor EURJPY for a potential breakout to the downside. I would expect price to test the upper trend level before making a move down. MACD confirmation before entry and price could always breakout to the upside confirming the double bottom.

gibbsys

Trend: Bearish Structure: Resistance levels Plan: We have seen price bounce of horizontal resistance a few times. We now look to take a short down to previous low. Please be aware there is also a point of resistance above, hence price could breakout and retest higher resistance before continuing the bearish trend. RSI/MACD confirmation necessary before entry.

gibbsys

Trend: Short term bullish Structure: Horizontal resistance Plan: We see a short term bullish trend on CHF JPY. Price has pulled back to a level of support. We expected a bounce to the upside with TP at previous high. RSI/Stochastic confirmation needed before entry.

gibbsys

Trend: Bullish Structure: Support Zone / RSI Plan: GBP AUD long opportunity. Price enter a support zone. Price bounced out respecting the zone and along with RSI confirmation we take a long

gibbsys

Trend: Short term bearish trend Structure: Horizontal support and upper trend line. Plan: We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.

gibbsys

Trend: Bullish Structure: Descending parallel channel breakout. Plan: We have seen CAD/CHF trading within a tight descending channel, however it appears to have broken out. Before a possible long we need price to confirm the breakout, with either a horizontal level of resistance or the upper channel line before a move higher.

gibbsys

Trend: Bearish (long term) last week:(bullish) Structure: Upper trend line and horizontal resistance. Plan: We have seen the upper trend line be respected a number of times within the last month. As EURCHF comes up we look to either take a short as it bounces off or wait and look for a potential breakout, retest and move higher.

gibbsys

Trend: Bullish Structure: Trend analysis / Support & Resistance Plan: We have identified a lower trend line on GBPCAD. This combined with a upper level of support gives rise to a potential long opportunity

gibbsys

Trend: Bearish Structure: Fibonacci levels and support & Resistance. Plan: EURCHF has seen this large pullback of its bearish trend. It appears to be stumbling at the 0.5 Fib level retracement and solid resistant levels. If MACD confirms its bearish signal we can expect a move to the downside with TP at 0.5Fib

gibbsys

Trend: Bearish Structure: Channel / Breakout Plan: We previously stated that GBP could bounce off the lower boundary and make a move to the upside. What followed was a breakout of resistance and what appears to be a confirmation of the breakout. We now look to take a sell to previous low. Please wait for MACD and stochastic confirmation as MACD is slightly bullish

gibbsys

Trend: Ranging Structure: Flag / Horizontal channel Plan: For the last month GBP USD appears to have been trading within a tight horizontal channel. We can expect price to respect lower boundary and move towards the upside with TP at previous high (or 0.5 Fib Level).

gibbsys Updated 

Trend: Bullish Structure: Trend lime / horizontal resistance Plan: We have seen price respect the lower trend line, now a long opportunity presents itself with TP at horizontal resistance. We observe higher highs and higher lows, confirmation of a bullish trend.