GBPJPY H4 - Amended the resistance price here and pushed it up a little to accommodate for the recent attempts upside (which we are now classing as resistance). A break above 140.600 and retest of 400 could set us up for a break and retest for upside continuations.
Now sitting on resistance, lets see what the eastern brings, if resistance holds and we see consolidation, this may be something we short tomorrow, EJ also on resistance after failing to set new highs.
AUDCAD H4 - I've marked on the bullish structure here because of the support significance, I think we should see a bullish reaction before breaking the neckline and potentially filling the double bottom, big fan of buying from support more so than selling from resistance, so usually catch an eye for these setups more than short setups. Just need to be patient for...
Beautiful Signal Picked up this morning on the GBP/CHF .....
But how far can we see this go - I would love to see this come up to at least the 1.19028 Mark on the 1hr Chart.
Taking full Advantage of the Weak Swiss at the moment , What do you guys think?
GBPAUD H4 - Still a little short from resistance, but looking for very similar play here to USDCAD, really nice RR, nice clean support zone, lets see if we can get some candlestick confirmation from support and trade back upside again.
EURGBP H1 - Kind of ranging between the zones at the moment, support and resistance that is... Ideally looking to buy from support and sell from resistance as always, relatively clear zones, with just one support fakeout which we saw yesterday.
NZDUSD H1 - NFP later on today, so this may well cause a disturbance to ***USD pairs and USD*** pairs ahead of the data event. I'm personally inclined to just sit out of markets until NFP. Grab a scalp and wrap the week up and prepare for the next.
GBPJPY M30 - Struggling to maintain this upside momentum on GJ. Could see a break of support, retest and correction down to our H1/H4 trendline support zone. Really nice RR if this breaks and retests nicely.
Happy Sunday Traders!
First we have GBPUSD. This pair is in an obvious downtrend but has just entered into the Monthly Support Zone (Brown Area).
This is a very strong support level where I think this pair has a potential for a counter-trend bounce. This is an area that has been tested multiple times in the past and this will be the area that I look for...
Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...