Gbpusd made a double bottom after a strong downtrend that left inefficacies in the market. if we look at most recent p.a we can see price broke previous internal equal highs and grabbed liquidity. price started retracing down after breaking 1.26090(where equal highs were located.) which was the last major high. it also created a choch ob that is still unmitigated....
– Thursday Daily candle closed weak Bearish with 90 Pip rejection wick to the downside as price reject the previous consolidation zone formed in January on the Daily timeframe, I’ll be looking for potential Buys above 189.220 targeting 4h Resistance at 189.700 and anticipating for a potential Wick fill of the current Weekly high at 190.090. I’ll be looking for...
– Wednesday Daily candle closed Bearish forming Daily Resistance at 189.800, I’ll be looking for potential Buys above 189.300 targeting 4h Resistance at 189.700 and leaving Runners to fill the current Weekly high at 190.090. I’ll be looking for potential Sells below 188.760 targeting 4h Support at 188.420 and Hourly Support at 187.920. As Daily formed Resistance...
– Tuesday Daily candle closed strong Bullish at 189.810 breaking above the previous Weekly High, I’ll be looking for potential Buys above 190.100 targeting previous Daily Support formed on 11th June 2015 at 190.500 and Weekly Low formed on 27th July 2015 at 191.000. I’ll be looking for potential Sells below 189.150 targeting previous 4h Resistance at 188.710 and...
– Monday Daily candle closed weak Bullish with a Rejection wick to the downside as price still trading within the recent 4h range. I’ll be looking for potential Buys above 188.720 to fill the previous Monthly high (January) at 188.940, to then potentially retest the previous Weekly Support formed in July 2015 around 189.320. I’ll be looking for potential Sells...
GBPJPY seems to be moving sideways, showing a tendency to go short. Many retail traders favor trading GJ. I entered the market in the upper region of the previous range that GJ has been following. GJ had an uptrend initially, but since summer, it has been gradually consolidating within a range. It has touched the upper range line at least five times. Now, I...
GJ from last Friday had induced into supply and showed rejections to head down. This morning also created a fake out for early buyers and now looks to continue down for the real move. Upon seeing this and 15min close below zone as additional confirmation I entered sells @188.400 with sl@188.66( Risking 28pips). TP1: 187.75 TP2: 187.55 ...
– Previous Weekly candle closed Bullish breaking above recent Weekly Resistance held around 188.200, Friday Daily candle closed weak Bullish with a slight Rejection to the upside almost filling the previous Monthly high, but overall price ranged on the 4h timeframe on the last trading session ( Friday ). I’ll be looking for potential Buys above 188.720 looking for...
– Thursday Daily candle closed strong Bullish breaking above recent Daily Range (Consolidation), Respecting Daily Support formed on Wednesday. I’ll be looking for potential Buys above 188.490 targeting 4h Resistance (188.790) and previous Weekly Support formed on 13th July 2015 around (189.320). I’ll be looking for potential Sells below 187.940 targeting 4h...
GJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.
– Wednesday Daily candle closed Bullish forming Daily Support at 186.300 but price have ranged on the hourly timeframe. I’ll be looking for potential Buys above 187.220 targeting two 4h Supports levels (187.500) and (187.880). I’ll be looking for potential Sells below 186.690 targeting Wednesday Daily Support (186.300) and 1h previous Resistance formed on 1st...
– Tuesday Daily candle closed Doji Bullish as price ranged overall across the 3 sessions, I’ll be looking for potential Buys above 186.700 targeting recent 1h Support (187.020) and 1h Resistance (187.400). I’ll be looking for potential Sells below 186.140 targeting two recent 4h Supports at (185.650) and (185.230), The Analysis for sells have remained exactly the...
GJ was had been ranging and now broken above zone and waited for 8.30 candle close above zone (186.57). Upon seeing close of candle at 8.30am UK time I entered @ 186.600 with sl@ 186.35(25pips) . TP1: 187.00 TP2: 187.300 * Where has the market moved since I entered my trade? near entry still * If I looked at the market now, would I...
– Tuesday Daily candle closed Bearish below recent Daily Support formed Thursday 1st February and forming Daily Resistance at 187.080. I’ll be looking for potential Buys above 186.600 targeting recent 30min Resistance (186.970) and 1h Resistance (187.400). I’ll be looking for potential Sells below 186.140 targeting two recent 4h Supports at (185.650) and...
– Previous Weekly candle closed weak Bearish forming weak Weekly Resistance leaving over 210 pip rejection wick to the downside as Daily candle for Friday closes Bullish. I’ll be looking for potential Buys above 187.860 to retest recent Weekly Resistance (188.150) and 1h Resistance (188.450). I’ll be looking for potential Sells below 186.950 targeting recent 1h...
– Thursday Daily candle closed Bullish at 186.540 forming Daily Support at 186.350 and leaving over 100 Pip Rejection wick to the downside. I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.830). I’ll be looking for potential Sells below 186.270 targeting recent previous Hourly...
– Wednesday Daily candle closed strong Bearish correcting the clean Daily candle formed on 17th January and breaking out of the recent Daily Range, I’ll be looking for potential Buys above 186.700 for price to retest the broken Daily Support Range (187.400) and the 4h Resistance (187.890). I’ll be looking for potential sells below 185.950 targeting Hourly Support...
– Sells played out well on the Tuesday session as anticipated but the Daily closed Doji Bullish with an 85 pip rejection wick to the downside. I’ll be looking for potential Buys above 187.520 as price breaks above Tuesday Daily High targeting 4h Resistance around 188.230. I’ll be looking for potential Sells below 187.080 targeting 30min previous Resistance formed...