After a break and retest of the inverse head and shoulders a few weeks ago GBPJPY is looking very bullish with higher highs and lower lows. Right now price actions looks to be pivotal, as a major break out to the upside could lead to a Strong year for GBP.
A favourable deal with Europe in the Brexit negotiations and the fast and efficient roll out of the COVID...
Keeping it short and straight to the point.
We saw a major drop in price at the end of the week, we have tested and rejected the previous all time high now acting as support.
If this support continues to hold monday i will be looking at a buy and my targets will be the previous high.
Consider following our tradingview page, and make sure you check out the bottom...
No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management)
Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me!
82 forex
No nonsense approach simple clean price action trading all info in idea apart from the strategy (use your SL according to your OWN risk management)
Follow like and share for more clean ideas looking to change up all this guess work in trading forex, want to be successful and change your view on trading Direct message me!
82 forex
Good evening everyone,
I have broken down the USDJPY, USDCAD, EURJPY, GBPNZD & GBPAUD.
I will be following these pairs next week, i will be posting more video analysis this week on these pairs while we wait for the setups to arise.
I hope you found this video insightful I will be uploading more content as the week progresses.
Nice short trade set up on GBPUSD. I am looking to trade this one down to near term daily support and then potentially lower lows as shown on the chart.
Stop loss is 50 pips above current price to keep it away from any volatility spike that might occur.
I am looking to short Dow Jones at this level. Stocks have seen a recovery in recent days but I believe this will be short lived as more drama unfolds.
Stop loss is above the current highs. Profit targets are shown on the chart at the next price support zone
Price is making higher highs and higher lows on the lower 15 min timeframe.
I'm looking to scalp a quick day trade on this new higher low that forming. Targeting the daily r1 level.
Nice 15min wick rejection candles around the 50 EMA right now and bullish TL
I am anticipating new all time highs to be made again next week on the US30 and other equities.
Trendline, fib 0.786 and 28,500 key support level holding price now.
Long term target is DOW TO 30k baby!
USDCAD is producing a nice bearish trend reversal on the 1hr timeframe chart.
TP1 is at previous support/resistance
TP1 is at the larger daily support zone
Potential R:R of over 9:1 long term
Following the intraday move. I am bearish on EJ going in to the weekend.
Selling at 120.780 and looking for 120.00 key level this evening.
R:R = Over 3:1
-Price reached a major Resistance.
-Formed another area for entry.
-Looking for price to move into a downward direction and a candlestick pattern to also suggest the price reversing.
-Price has also created a 3 impulse pattern to further confirm a turn around:
-Long wick formation on support suggests going long until 1.22040 and rejection of TL back down.. or market re-opens and pushes through support to continue short.
This coincides with my EURGBP analysis, as GBP loses its value, we'll see the opposite for EURGBP.
In relation to my previous idea, I'm still in agreement that the overall outlook is bullish and Gold will rise to 1560 and beyond, however due to the rise of USD and a 50% retracement of Gold's current price, I assume price 'may' break support to find the 1480 usd level before turning around. (May is the operative word).
