Here is my analysis behind EURJPY and why I think with the current price action we could be seeing a swing to the downside to reach 125.000
Remember, always wait for candle closure!
Leave a comment if you agree, disagree or have any questions :)
Here I explain all the reason why I think we could be in for a drop on EURUSD to 1.2000 and finally start to see a bigger countertrend move for this pair that has been recently flying to the moon.
Leave a comment if you agree, disagree or have any questions
Here I explain why NZDUSD could be on its way down to retrace some of its recent moves to the upside to 0.71000 or even further at 0.70000. We are very extended on the higher timeframes and a retrace could be happening soon for this pair.
Leave a comment if you agree, disagree or have any questions
AUD/USD -
We can see multiple rejections of 1.78 and our trendline used as dynamic resistance twice after a break of the ascending channel.
Price currently testing a key 4HR level. Drawn are two potential price paths.
EURGBP H1 - Start of a potential reversal, double bottom on our big D1 support raised my eyebrows. Looking to break above 0.89400 and then retest 0.89100.
This would be a perfect start to a 2 stage reversal, but this is required before any further consideration. D1 support zone, failed lower low, break above key level and previous high, retest support. Bullish...
EURGBP D1 - Big daily reversal signal required first, this may even be one we have to wait for until next week, today may find support, tomorrow might be the bull signal and then we can look to get involved. 0.89 support is a fairly substantial daily support/demand zone.
On the 6th January we posted the linked analysis for GBP/JPY. We have seen a break of this flat channel to the upside!
We are predicting market moves consistently before they happen!
We could see price fall to retest the top of our flat channel and form another potential buy opportunity! Keep an eye on this pair!
Here I explain all the reasons why I think we could see another push to the downside for USDCAD and why we could see possibly new lows for this pair at 1.26000.
Leave a comment if you agree, disagree or have any questions :)
GBP/AUD - all the info you need is written on the charts.
This is absolutely textbook one hour structure so far. Put this is your break and retest notes!
Breaks and Retests are a fantastic confirmation of trend. Use them!
Happy Trading guys!
NZD/USD - 4HR
I appreciate there is a lot going on in this piece of analysis here. If you don't understand, private message me and I can break it down for you!
We can see a break of structure, push to the downside and a bearish retest of a key level in the market - our sell confirmation.
Happy Trading. Stay tuned for more analysis
Here I explain why we could see another push to the upside for GBPCHF and why we could also potentially see a higher high in the market as 1.22500.
Leave a comment if you agree, disagree or have any questions :)
A nice trending move so far on the way up - displayed previously on this ideas section 400+ pips on the H4 timeframe. Sell trade is now confirmed.
We will soon be upping our ideas again, once our optimisation testing is complete.
If you have any questions, feel free to drop me a DM.
Thank you
Darren
Setting up of a Head and Shoulders.
We just now need a break of neckline to confirm push.
Driving factors : Brexit
With failing negotiations on Brexit this could make a path for a huge drop in the value of these currencies so fundamentals are very relevant in these circumstances.
A nice run on BTCUSD trends.
We will soon be upping our ideas again, once our optimisation testing is complete.
If you have any questions, feel free to drop me a DM.
Thank you
Darren
Here I explain why we could see further movement to the downside for GBPNZD for next week with the current price action we are seeing on the H4 timeframe how we could potentially see a move into 1.85000 for a new low on this pair.
Leave a comment if agree, disagree or have any questions :)
Inverted Head & Shoulders
With the strength of the dxy bouncing back this week I do anticipate a breakout of this down.
great opportunity for institutions to SL hunt on the trend line but an upside reversal has been signalled we just need to wait for a break in the trend line.
TP1 1.4011
SWING TRADE TP. 1.4243
Reasons-
1) Weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Inverse head & shoulders decisively changed the market structure from lower low to higher lows and highs.
3) On faster timeframes, price taking support on previous resistance actint as support showing conviction of the market participants.
4) Successful break & restest of trendline on...
Reasons-
1) Monthly, weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Decisive break of monthly upper trendline.
3) Higher highs and lows on the daily.
4) Previous resistance acting as support showing conviction of the market participants.
5) Small stop and bigger possible targets.
Kindly trade at your own risk.
Good Luck 😃
