EURAUD H4 - Broken below support at 1.65, sold off towards 1.63250 and retesting 1.65 again, zones holding nicely, pushing up to 1.65500 and rejecting could be going. This could show us trading back between major resistance and major support. This range covers circa pips, and was a lucrative trading range for some time before the upside breakout towards the latter...
USDCHF H4 - Major support and resistance range marked on showing a 180 pip potential, please listen to the above voice note, we don't want to be caught on the wrong side of big fundamental moves! Try and work from higher timeframes if you're comfortable as this would allow breathing space for intraday highs and lows, effectively meaning we can ride some of the...
Levels I'm currently looking at and what id like to see:
- Bullish push to the recent highs then look for evidence to go short.
- Or a break of the current trendline and then a retest of that trendline for a trend continuation to the downside.
- Only looking for shorts (for now) as the higher timeframes are showing bearish price action.
You can have two pending orders, a "Buy Stop" and a "Sell Limit" so either way you can get in on the right side and catch the momentum of the market. Once an order has been triggered then cancel the other. Be cautious of the London/New york crossover sessions.
USDCHF H4 - Quite a clean S/R range with an interim S/R zone where we have seen a 2 stage reversal, we've continued to set new highs, looking for price to see a test of major resistance if these USD risk markets keep pushing up. YEN is still seeing strength and DXY is now trading above that 93.30 zone after retesting effectively as support.
DXY H4 - Resistance zone has now been turned to support after breaking and retesting. New highs required to maintain upside momentum. Trying to follow YEN and USD strength in line with market risk. For example, minor bounce on EJ (Yen relief) but soon to be reversing downside once again as EUR/LON market volume resumes.
EURJPY H4 - Little bit of a relief rally yesterday from our identified support zone, recent H4 candle has closed to break support, potential rejection of weekly key level and retest of that broken zone before possible short continuations, simply support turned to resistance. Very similar to DXY where resistance turned to support.
EURJPY H4 - Super bearish play from EJ so far this morning and most of this week to be honest. First support zone at 23.150 broke, now trialing down to 122.400, lets see how this zone reacts, again... Quantifiable RR.
We had a good entry at the start of the week. Now we are seeing price is finding support at the trendline but overall things are looking down on the technical side of things.
Here is what I think will happen :
Price is going to find resistance at the upper trendline and come down but most likely only going to start really moving down where we see the 2 trendlines...
USDWTI H4 - Monster RR on this one if we can find resistance on the support zone we have just broken... WTI is more impulsive than confirmative, so often very fast moves are seen without 2 stage or multiple retests. 618 to 786 ties in nicely with corrective fibs from week open down to current price (resistance retest point).
EURJPY H4 - Little way for this to go until it finds support 123.500 needs to see a break (monthly support level) and then to actually find support for a possible reversal at 123.145, this is the area we would be scouting potential long positions.
EURAUD H1 - This pair tried to bounce off support yesterday, but quickly round resistance at around 1:1.3, following protocol this would have been risk free. Still flirting between that 60 pip range, markets are fairly flat at the moment, looking for something to spice up today. Not masses on the economic calendar, but hopefully we can find something that moves...
CALL AND ATTENTION GIVEN TO ALL GROUP MEMBERS
1. 15 TF TREND LINE WAS RESPECTED
2. IT BROKE THE TL ON 4 TH ATTEMPT
3. CONFIRMATION WAS GIVEN AFTER BREAKING DAY LOW AND RSI CONFIRMATION
4. EASY 300 POINTS GRABBED ON PUT OPTION
EURGBP H4 - We saw this bounce from support to resistance over the course of last week, market gapped down and then retest that 0.91 handle nicely. We covered this in the weekly watchlist video posted yesterday, strong GBP gains as we kicked off EUR and LON open!
AUDUSD H4 - This pair is well underway, arguably breaking above the monthly key level and previous resistance low. at 700 price. If we can keep gaining I feel we may reject 0.71 and pullback to 0.70688 to gear up for a break or the next zone upside. Trying to tie this is with DXY support/weakness.