peterthezoe

peterthezoe Updated 

The price is approaching both the Fair Value Gap and 0.5 zone on the Fib Retracement. With enough price action/candle wicks, I'll be looking to enter a sell to the previous low(1.23515) and the next support area of 1.231. Let's see where price takes us!

peterthezoe

Greetings all! This week I'm looking for some retracement of GBPUSD before price ultimately falls to 1.213 OR 1.206. Both are areas where price have reversed (October and November) in the past, making them places of interest. Responsibily, when price lands in these zones I will be watching price action to determine whether I want to continue selling or watch for...

peterthezoe Updated 

FX:GBPUSD Howdy All, I strictly trade technical analysis! Here's is the current set up I'm waiting for. I'm looking for some re-tracement before entering for a sell . As always I'll wait for price to reach the area of my Fair Value Gap and see how it reacts. Ideally, price will begin to wick and show rejection around 1.245 area before I'm comfortable selling....

peterthezoe

Bias is to the upside. Risked 1.5% with 3 entries. All entries at at 92.35 and my SL is 91.9. Let's see how this goes.

peterthezoe

The price looks like it's around .618 retracement. Risking 1.5% on this trade. Between this setup and my Audjpy setup, I'm risking 1.5% with all my TPs clear on the chart. Let's see how this goes :)

peterthezoe

Bias is to the downside on this pair! We'll see what happens. Short term upper trend line broken, retesting trend line and my stop loss is at the previous high on the downtrend. Target is a 1:1 and the beginning of the short term upper trend line I created. Let's see how this plays out.

peterthezoe

My Bias is to the downside, with 92.7 as my long term target. I've entered 2 positions. I have 3 positions open risking 1.5%. I generally do 1:1, next support and a longer term goal. My SL will be moved to 95.2(previous high once my 1:1 has been completed then of course moved to entry at 94. Let's see how this goes :)

peterthezoe

My bias is to the upside as the price is trading in a triangle and at a support level. I believe that price can rise to at least 173.250, but my target is the previous resistance. We have news ahead so we'll see how this plays out :)

peterthezoe

I have a bullish bias on GJ as the pair has broken the trend line, is at the .5 retacement and has created another higher high. There's some JPY news today, but with market structure, I'm bullish.

peterthezoe

I have a strong sell bias on the NZDJPY. Ahead of BOJ tomorrow, This pair appears to be on a downtrend. But Tomorrow's news will determine what this pair does not. Nonethless, I'd love to see price break below the nearest support level and retest before I go short.

peterthezoe

Waiting for price to approach 95.2 area for a possible sell or break above zone for June highs. We shall see. This would be a scalp trade until price approaches 95.2 zone. Of course the other scenario would be price breaking support to the downside to revisit 4 hour trend line.

peterthezoe

My Bias is to the upside on this pair as it's trading above the 50 SMA and has swept the previous lower high. Price is playing around support right now as GBP BOE news is today. We'll see what happens :)

peterthezoe

Looking to short this pair as there is major resistance above. Would love to see price break the trend line and then retest before entering for a sell. Of course, price can break June's highs and the 2 resistance above the current price on the chart. Would take news to do so in my opinion. Tuesday and Wednesday this week are important days to see what this pair...

peterthezoe

Here are some setups that I see on this pair. My bias is very obvious to the upside. Expecting retracement on most JPY pairs this week. However, there's new on BOJ on Wednesday, so we'll have to wait and see. Mostly looking for buys on this pair only.

peterthezoe

My bias is to the downside and I have a 4-hour trend line on this pair and the price seems to be reacting to a major 4-hour resistance. We'll see what the market provides this week ahead of JPY news on Wednesday.

peterthezoe

No trade right now for me on AUDJPY. I'll be waiting for price to break the 2 resistance above and make it's way to June's high. OR revisit my trend line below. Either way, I'll be watching this pair closely.

peterthezoe

I have a downside bias on this pair as it's in a downtrend on the 4-hour. Would like to see price tap 165, but I'll see what opportunities the markets give this week.

peterthezoe

These are the scenarios that I'm looking for this week. No bias as of right now as price is sitting near trend and resistance.