This is a short take. I'm showing a 30 min ATR trend line.
Loads of traders know that ' the trend is their friend ', but do they truly exploit it? I don't think so.
There were three main opportunities to exploit this trend. The problem is - now you see it but when it's developing you can't. But at each of two points where price hit the 30 min ATR line, it was...
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.
Jumped ship again, prefer this structure as compared to what we had marked on EURAUD and also the pending order limit we had set.
Thinking exactly the same play for this setup, multiple H4 rejections seen with the latter 2pm closing bearish. Expecting corrections now down to 1.68, which is where I'm looking to scout longs.
1.40 support incoming, looking to either set a pending order on this price level or an alert to make sure this move isn't missed, perfect corrections, shame we closed out yesterdays short at 200 to try and get a better entry!
Win some, miss some, lose some. Part of the game, 1.40 support will be a great buy entry for us I feel.
As mentioned earlier, still focussing on this pair, we are yet to have seen a GBP bearish correction or a USD relief rally.
DXY responding nicely to that 90.00 DXY whole number, I'd like to see some sort of a correction this week, can play with profits secured from minor dips we were playing with yesterday from shorting the 1.41525 price.
We have almost realised the full move from support to resistance here, relatively bullish for the whole stint. Pretty much all swallowed up during the eastern session.
Certainly a region we could anticipate a relief rally and another S/R wave back down from 1.68 to 1.66800.
The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a...
We had a support long marked up here and the wicks to the left would have knocked us.
However, if we see another pullback to support, lower timeframe double bottom or something of the sort, we could possibly consider longs up to resistance, again, offering a solid 4R.
Sitting just shy of 1800/oz, we could see this hourly range fill again, nice 5.4R setup from resistance to support.
Only really a trade for those with the larger account sizes,
1795 entries, stops just above 1800 and TP extension around 1765, this is something I've just jumped into with small risk.
This is the basis my GBPUSD short was taken from, nice initial rejection during volume open for our EUR/LON session kickoff, 1.39 is holding as resistance nicely so far.
Really want to get this bulletproofed and see a nice 15-20 pip dip, currently flirting between 5-15 pips profit, but need to squeeze a little more out hopefully. Manually monitoring anyway.
Seeing a break of 1.20 support here on fiber, big support price zone to break. This gives me a little subtle confidence with regards to the GU short I've taken, hopefully we see cable follow similar suit.
Lots of good return setups here all pretty much in excess of 4R which is brilliant.