My current BIAS for USD/JPY for the upcoming week is NEUTRAL.
My reasoning behind this is
-We are currently rejecting a previous Weekly Support.
-We have gapped around 45 pips in the market.
-We will be looking for the gap to refill as usually when a gap is made in the market after market opening we tend to see price revisit previous price before then...
BTC is looking bearish at this moment in time. saw a yellow rising wedge occur and the retest of the pink resistance zone + another new rising wedge. Waiting for price come down to the trendline which is at the 9000 level.
DAY TRADE - EXPIRES AT 9PM
Broken out of the triangle formation to the downside.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We look for a re-test of the upward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
Market structure was broken yesterday on the daily time frame. It is clear on the 4 hour time frame to see a double top formation at the 1.127 level. We saw the pair plummet down to the 1.122 which is a well respected support and resistance zone. A clear break straight through this level and retest has now occurred. Take profit set at the 1.112 level which is a...
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.
daily chat shows price consolidating in a triangle so I went into the 4hr/1hr and saw price rejecting yellow trendline.
Price then made a double top so waiting for breakout and retest to confirm trend.