Entry @ 1.33134
Second Entry @1.33515
TP1 @ 1.30739
TP2 @ 1.29765
If market breaks above daily level of structure and finds support at .382 level, high may be reached at .618 level which lines up with daily downtrend. Measured move indicating residual momentum so TP2 @ 1.29765 with entry between .618 and .71 levels. Respective totals of 239...
Entry @ 1.27368
SL @ 1.26591
TP1 @ 1.28596
Following uptrend on W1 and has bounced from the .382 level indicating impulsive move to negative .618 target. Already broken daily levels of structure and has found additional momentum from 21MA and 50EMA indicating market will not retrace down. Fib timezone suggest TP will be hit at 10:00 on 24/06 at the...
JPY has continued to gain strength which can be seen across the market inc the indexes.
EURJPY has come back below a descending trend line which price had been respecting since 12/06/19 and which bears broke on 17/06/19.
Price is now respecting support at 121.890 - 121.070 found on 4h. I will be waiting for bears to break this zone with a retest in the zone,...
Classic, simple trendline break trade.
It is good to wait for a lower low to be made for the trend reversal to be confirmed. Then I like to enter on the next lower high for a better R:R entry.
Use the 1hr 50ema and daily pivot as dynamic resistance once both are broken and the retested from below.
Keeping it simple really, the GBP has been showing some weakness from yesterday and this has shown on GBP pairs.
We have now come back below the 50ema on the 4h and now coming back to restest it.
Looking to take a short on the H1 chart at 1.2617, waiting on how price action plays out around this price.
GBPCHF trend has been neither bullish or bearish with this pair moving sideways over the week. Bulls has not been able to break daily highs and neither has bears been able to break daily lows, however I do see this market as a bearish market and I am now waiting for bears to show us that they can break though the lows highlighted in blue, where we can then start...
After a huge sell of with this pair maybe its time for a change considering the Euro is now gaining strength against most of its peers. after 3 lower highs and lower lows following this downward trendline, we could see a breakout of both the trendline and also resistance level 121.700. This could also break the 1hr 200MA (or 4hr 50MA) and lead up towards the 4hr...
Expecting some sort of consolidation within this tight range in regards to fundamentals between both AUD & EUR as these can be mixed results with both forecasting negative yet positive for different aspects.
Expecting price to reach towards 1.604 before we see anymore buy sensitivity as aggressive as we have experienced during the recent uptrend before it broke....
Historic bottom reached recently, currently climbing a bit shy but steady. EMA indicators cross, signalling potential start of bullish trend.
Also worth mention that there were positive news for Haydale in the last couple of weeks. They did sign an important deal with National Grid.
I think this a good entry for long position.