GBP/JPY SELL IDEA 19/09/22
Upon HTF analysis I conclude that both fundamentally and Technically GBPJPY should see some serious downside. Entry points are highlighted
Aud/Usd is showing a clear uptrend so to follow with the overall trend I will be longing the pair from a 30m demand level and take profits just above the previous highs.
After a huge impulsive move to the upside we saw a corrective wave which had broken market structure formulating our bias for some short term sells. Before selling off the market had taken out liquidity above the equal highs and had then sold off.
An unmitigated area of supply was left behind before the sell off , price tends to gravitate towards these areas of...
My overall conviction for the strength of the US economy is extremely strong with expecting the DXY to push much higher than market prices. Despite a lower than expected NFP figure today the internal metrics within the data such as wage growth , unemployment rates & household surveys were extremely optimistic for the US economy further acting as a confluence to UJ...
Eur/nzd has been bullish for quite a while now. My long term bias is very bearish and after a HTF shift in momentum a LTF order block was mitigated and my sell orders have been filled.
Upon major shift in market structure with USD/CAD the buy-side liquidity had been filled and we saw a huge impulsive move to the upside. This was then followed by a corrective move downwards towards a HTF order block and I am looking to take buys.
EURAUD had broken structure on the LTF and im expecting some shorts to the downside. If EA continues this downside movement we should be aiming to secure a 1:9 RR.
As the US economy gains strength as a whole $ is set to surge from current market prices of 95.950 to around 97.50 projected levels by Q1-Q2 of 2022. From a technical standpoint there has been a significant BoS of the 0.788 level. A clean retracement into a 30min supply level to follow shorts of 90pips into the 0.675 area giving a RR of 1:12.
Upon macroeconomic slowdown in the Australian economy the AUD is overvalued and is yet to reach FV. From a TA point of view there was a higher timeframe BOS followed by a retracement into an area of unmitigated supply. Im expecting sells down uptown 130pips.
