NZDCAD H4 Resistance has seen an upside breach. Waiting for a support pullback, once of the main perks trading this strategy, regardless of whether a zone holds and rejects, or breaks and retest. We can also prepare and measure the trade or alternative trade, depending on what happens. As annotated, waiting for the pullback (just like DXY H4 chart) before...
USDWTI H4 - Extending higher with clear fresh highs set. Looking for a pullback to repeat what we have marked up and executed over the last few weeks, demand is still there, price is still on the rally. Simply looking to buy the dips effectively. Hard to predict TP targets, typically we use the previous breakout high, but it's not always quantifiable, and with...
AUDNZD H4 Appreciate this was posted yesterday, but it's important to keep market setups fresh and I like to provide them on a daily basis, even if there hasn't been too much change, no doubt starting to see sideways H4 consolidation on support though. So expecting us to see another support to resistance range here as indicated. Fallen even so slightly short of...
GBPUSD H4 Slight adjustments made to our support and resistance zone here on cable, generally more happy with the trading zones and the stance we have now in line with other ***USD pairs and DXY performance. Still a measurable trade from support up to resistance, offering a nice 3R. Just need to sit and wait patiently for a test of support.
CADJPY H1 Trading from current price up to previous high still offer 3.3R, measurable trade no doubt. Not the typical kind of analysis we like that trade, seeing as it's more a trending environment, but we still break and retest out trading zones, and it's on a slightly lower timeframe. Happy to see how things unfold though.
EURJPY H4 This range here on EURJPY is crazy, and has been running for circa 3 weeks with the exception of 1 or 2 fake-outs. Monitoring this closely this week, we can trade the range from support to resistance and also resistance to support, but as soon as we break, we can trade the retest. Don't fix it if it's not broken.
DXY H4 Simply waiting for a breakout of this trading range, 90,900 to 91,300 ish. Quite a significant S/R zone, seemingly bottoming out from the previous bearish H4 trend from the start of April until present date. Hopefully, a break of this range will help indicate direction for these USD*** and ***USD pairs going forward for a few swings next week.
USDCHF H4 Not really the kind of structure we like to trade as we are moving away from our H4 trading zones, however, worth following and using as a comparative pair to determine USD bias going forward.
EURUSD H4 A strong H4 break here on EU, waiting for a correction back down towards our hopefully newly found support zone, we can simply look to scout out long entries from here up to breakout high initially and then towards our 1.21 region, area of resistance and weekly key level.
USDJPY H4 Really interested to see what happens as we approach our 109.200 price again. A double bottom/support confirmation would be great to look to trade long back up to the previous high price of 111 ish. Really good RR on this trade offering in excess of 1:6. Keeping a close eye on other ***YEN pairs and also DXY.
USDJPY H4 Initial rejections see from that top end resistance price of 109.200, broken support level at 108.835 convincingly, now seeing a bit of a price pullback. A retest of the underside of 108.835 could be nice to scout out shorts again.
DXY H4 Initially responded to that previous resistance we witnessed throughout the end of last week and throughout this week. Interested to see whether we break ready for next weeks trading, or whether we hold as resistance and see another range sequence.
NZDCAD H4 We spoke about another potential entry on NZDCAD if we were to double top, that's exactly what we saw, not quite there on NZDUSD yet, but this has unfolded in excess of 1:2, previous breakout low would see us at 1:3 and then a break of support and selloff beyond 0.89400 would further increase that R potential.
EURJPY H4 Appreciate this is quite a headache, but the retest of 129.425 could still be on... This is incredibly conservative, especially as we know how bullish ***YEN pairs have been, but just something to consider, find reasons not to take a trade rather than to take a trade. If I feel like there is a reasonable chance that price could retest a different zone...
GBPUSD H4 Certainly an ambitious projection, but all we are really after is a strong break above all resistance in sight, including that 1.40 psychological number, followed by a simple retest. This could gear us up for nice extensions back up to 1.42 region, the price we were pushing a couple of weeks ago.
CADJPY H4 We applied our higher timeframe principles to the lower timeframe (H1) chart to follow and structure break, retest and continuation up to the next whole number price (86.00) which quantified nicely at 1:3. Scoping out, really would like to see a H4 support retest, to stop us getting lured into what is going on too much in the lower timeframe. 85.000...
GBPJPY H4 Still yet to set lower lows on the larger H4 timeframe, really nice corrections seen as mentioned previously on the EA post. On the fence with this pair at the moment, whilst we are nice a bullish still on the H4, the sheer bearish strength on the lower timeframe is interesting. Really aggressive M5 trends which could continue to perform and really...
USDCAD H4 Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday. Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.