Atfer berakout of structure we will see a continuation of the downtrend to taken liquidity of the sell side we consider FVG an entry point - Trading is probality control you risk management Good Luck !
Atfer taken liquidity of the buyside and change of character we will see a continuation of the downtrend we consider FVG an entry point - Trading is probality control you risk management Good Luck !
This is my plan for the next few Quarters. My main focus is on the EUR/USD. If price is able to hit the 1.05 level, I will need to decide if I want to place a stop at 1.06 and ride price lower, or exit at 1.05 and move my focus over to the GBP/CAD and EUR/HUF. I might place a tighter stop and see if price is able to maintain the momentum lower on the EUR/USD. ...
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.
GBPCHF H4 - Broke the interim support zone but now testing the more major zone, really strong RR here, we talk about this in the rundown now coming through.
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...
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 H4 - Hasn't moved much, still hugging that trendline support and local support zone. Lots of consolidation over the last couple of days, gearing up for a nice break or burst soon I imagine.
EURNZD H4 - One from last week, just need to break current price/top to then push to the more significant S/R zone, from here we could prepare to take a short position.
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.
Priceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support. MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position. I have used Fibonacci sequence to set the targets: Sell between:...
Priceline of US Dollar / Thai Baht forex pair has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell target soon insha Allah. This PRZ area is also a stop loss point, in case of complete candle stick closes below this area. MACD is turning bullish, it was strong bearish now turned weak bearish. RSI is oversold. Stochastic is...
OANDA:AUDJPY AUDJPY is approaching two important resistance levels on the 1hr. Keep an eye out on a possible bounce from the current resistance level, or a push up to the higher resistance level.
a great play here at the moment for USDCHF ... will continue to consolidate in the box. move stops to breakeven as quickly as possible for this trade as it is on a lower time frame of 1hr