Travis_duncz

Travis_duncz

Good afternoon from the UK. Personally my favourite time of the week, Sunday setups. In particular I've decided to explore Sterling after its great momentum to the upside this week. With the possibility of a no deal Brexit being nullified this benefited several sterling pairs with 3/400 pip bull legs. Looking at GBPNZD from the 15/02/2019 we have a fibonacci...

Travis_duncz

Evening from the UK. Let's talk Trend lines. Hopefully you all use trend lines within your analysis but on this occasion we have a descending trendily break. As you can see we have had a good 3/4 swing highs where price action has touched the top trendily found resistance and continued the bearish leg. This Bear leg could now become exhausted which may lead to a...

Travis_duncz

Good evening from the UK. Guys also thanks for all the views and follows on Instagram. Another article involving the US Dollar. With disruption still ongoing in US government we Have weekly marubozu closure. This indicating heavy bearish momentum closing the week. I have an ascending trend line dating back to its first swing touch on the 17th April with a 3rd...

Travis_duncz

Good evening from the UK. Well with the uncertainty with the US Government it has left the US pairs for the taking. The dollar index has been on the decline recently with a Doji closure today due to the lack of movement for this pair. What I have hear on the 4H timeframe is a ascending trend-line have a 3rd trendily break and a retest. To text book at a recent...

Travis_duncz

Good morning from the UK. We've had a bullish close to the week have closed on Friday back at the top of a consolidation range at 0.90925. The purple daily key level has been working as a key resistance area (ceiling) which was previous a key support (floor) in December. after two bullish days on the 13th & 14th of February momentum has slowed down with a daily...

Travis_duncz

Good evening from the UK. From the end of last week bears were in the market however price ranged well going into the new week. We had a consolidation zone in between 141.888 and 142.500 and if had a break either side it would lead to further momentum. On the H4 timeframe I have a downside channel with a 4 trendily touch with exhaustion from the 3 bearish legs...

Travis_duncz

Good evening traders from the UK. Now lets start from the weekly closure last week. We have a bearish engulfing candle weekly closure which engulfs a goof 3/4 weeks of price action. This reacts well off my weekly trend line which we saw have a false breakout to the upside with a weekly spinning top candle which would of wiped out rookie trading accounts. Now that...

Travis_duncz

Good evening from the the UK now what do we have here? I have a pink downside channel which determined to myself that we are with a downtrend. From this we can clearly see that we have have two touches of the upper trendily for a potential swing back to the downside. A weekly resistance which support eventually broke on the 4th December now become a very strong...

Travis_duncz

Happy weekend traders! whilst the markets are closed my eye has been scoping the opportunity for a short opportunity on NZDUSD. What you can see her is a Daily TF where we have a countertrend upwards trading channel (white trendily) in comparison to a over weekly timeframe descending channel (pink line). On Friday's closure with the high of High Non farm payroll...

Travis_duncz

Good evening once again from the UK. The Euro against the cad has found some momentum after testing the lower upper trendily at the key level of 1.50800. With a shooting start forming on last weeks closures many rookie traders would of entered a short with a break of the trendline. With a weekly timeframe Gravestone dogi closure this indicated a clear opportunity...

Travis_duncz

Good evening from the UK. Unlike other GBP pairs we have saw minimal price action movement from this pair in the last 24 hours. With this pair being a major currency pair a lot of liquidity is set to be pushed into the market, but in what direction. Looking into my analysis I found a strong monthly key level of 1.84000 that the pair is reluctant to break above...

Travis_duncz

On on weekly timeframe you'll see that that the pair has been ranging between 0.66500 & 0.68600 (210 pips) leading for the pair to been consolidating over the past 3 weeks. We have a monthly key level in which the pair has respected and recently however we deemed to have a false breakout in December which reacted off a weekly trendline (Upper descending pink trend...