My current BIAS for GBP/JPY for the upcoming week is currently NEUTRAL.
The reasons behind this are
-Price is within an ascending channel forming HH & HL, we are currently at our bottom line where in the past we have seen bounces to the upside so we could again see that aiming for our Daily Resistance at 130.480. BUT we have been within this uptrend for about 10...
Easy to read pattern on our Euro British Pound trading view chart with an ascending channel showing both support and resistance on multiple occasions since the start of August. We are looking to enter a long here for the Euro to strengthen up towards 0.933 area and potentially break out above depending on Brexit headlines at the time of meeting...
EurAud is currently at a fairly respected level of structure of minor resistance with decent inside movements. We are overbought on Rsi aswell which can provide us with some relief, divergence on the 60 and rising channel on the 5min
Bitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500.
Double Long Wicks in 1H
Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move:
66.6% The Support will push...
With the ECB press conference now complete the market is now cleaner to enter other trades. In this case we are looking to get long Aussie Dollar versus US dollar after the pair have settled in oversold levels at support price of 0.6970 area. As per our chart work on trading view we have an ascending channel which is allowing us to set up for a...
We are looking at Gold this afternoon which is looking setup for a move back towards 1440 area with multiple support levels coming into play.
As we have highlighted with our trading view chart we have two strands of an ascending support line from the 17th which has been tested on 3 occasions leading to higher lows pattern being formed. Off...
On usdcad weekly, I see price break out of an ascending channel very cleanly while forming a daily support trendline which was supported by a falling wedge in the 4hr chart.
Price broke out of the falling wedge which is now shown the 15 min chart.
- Price has broken out the ascending channel and the 4hr hour trend line.
- Market structure has also altered, as price has now created a higher high suggesting buyers have more power in the market than sellers.
- The change in market structure has occurred at monthly support suggesting a move back to the upside.
- Furthermore the change in market structure has...
Here we have an ascending channel and we have finally had 3 touches of the upper trend line (blue circles) suggesting a move towards the downside. We have also broken another trend line that has been respected.
Market structure has also changed as price has now created a lower low marked by the red circle.
Price is now currently retesting this broken trend line...
There is an ascending channel and appears to be a breakout and retest of the trend line and looks likely that price will continue to the downside.
I will be aiming to take a position short on this.
- Wait for a 4hr candle close below the resistance zone .
- Wait for a pullback and a retest of this zone.
- Wait for a rejection on the 1 hour or 30 min chart....
Here we have a small ascending channel marked by the red trend lines inside a much larger ascending change channel marked in the the blue lines.
We have had two touches on the upper trend line on the large ascending channel marked out by the blue circles and we have two touches on the upper trend line on the smaller ascending channel marked by the red circles....
On the usd/eur setup, I see price has reached a minor resistance zone. Delving into the lower timeframe, I see price makes a minor ascending channel with HH's/HL's.
I am hoping price touches resistance zone and reaches first take profit.
Overall, price is currently sitting at the top bound of a channel. However, zoomed into hourly, price has created an ascending flag/channel which will break towards the downside.
Target is based on confluence of Fibonacci Cluster (retracement and extension) + aligned with previous structure
Option A price correctively moves to the upside slightly breaking the High and then Retracing.
Option B Price Rejects off the Double Top and drops.
I am only looking for selling opportunities due to the HTF Structure.