NZDCHF H4
5 minutes until we close on the H4 candle, solid price rejection candle, but most of this has changed within the last H1 period. So we are seemingly still in an hourly downtrend (also at descending resistance).
So cautious of this as we may be able to utilise a better entry and greater RR potential.
EURUSD H4
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.
NZDCAD D1
Big daily structure here, price has certainly slowed down as we have approached support, seen our first couple of bull candles on the H4 too.
High RR potential, would like to see some sort of lower timeframe structure break and retest for this pair. Or simply a bullish daily close.
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...
EURAUD H4
Another setup to compliment EUR shorts, eastern pairs are on fire at the moment, NZD and AUD. Possible pullback to retest the underside of the structure break before selling off further.
1.56 whole number support is now being used as resistance. Down-trending nicely. Something we could possibly scout out, EURAUD also dipping downside.
NZDCAD H4 - Price came back down to retest the previous S/R zone of 0.91500, Quite a chunky downside gap, but since we have seen a bit of a support response. Could be something that offers a second support test (0.91500) to the gain upside momentum again.
As per the VN we are 'technically' bearish as we have a big selloff move $110 pulling downside, we also are trading below 1880, which is our resistance zone. Effectively a bearish flag pattern, and a bloody big one at that! The flag consolidation alone is 230 pips. With a target of 350 pips from 1880 to 1915 if we break upside. We haven't had much movement...
USDCHF D1 - Here is the update on USDCHF, the big daily resistance is approaching, we can see where the fundamental spike started, but are we going to exhaust where we would expect? Simple react to what we see unfold. These higher timeframes do a bit more time to unfold (for obvious reasons), but they do provide a bit more protection against false sense of confirmations.
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.
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.
EURAUD H1 - We have seen the first stage breakout unfold, just waiting for a bit of a clearer retest of the breakout price before considering a long position. Huge RR potential on this setup. Still arguably need to breakout above that previous LH at 1.64100, but lets see what happens with this counter/breakout trend.
