On the 6th January we posted the linked analysis for GBP/JPY. We have seen a break of this flat channel to the upside!
We are predicting market moves consistently before they happen!
We could see price fall to retest the top of our flat channel and form another potential buy opportunity! Keep an eye on this pair!
NZD/USD - 4HR
I appreciate there is a lot going on in this piece of analysis here. If you don't understand, private message me and I can break it down for you!
We can see a break of structure, push to the downside and a bearish retest of a key level in the market - our sell confirmation.
Happy Trading. Stay tuned for more analysis
GBP/JPY - 4HR Structure
We can see here that price is trading in a flat channel, with 2 bounces off our 4hr resistance and support levels.
Zoom out to the daily chart and we can see this pair is in a long term uptrend, and nearer the bottom of our 'bigger picture' ascending channel.
Therefore, we can anticipate that price will break out of this structure to the...
This is GBP/USD on the 4hr chart. In most recent price we can see we broke a key level yesterday and we can see price has revisited our level quickly after. The blue circle at the top indicates where trendline bounces and whole psychological levels can be used in harmony to take high probability entries! If you remember we posted GU analysis on the 15 minute...
This is a very simple break and re-test pattern.
If the price manages to hold above the structure lines marked for a significant period of time, then I will consider a buy position.
It is very early in the year so I would rather not get caught up in fixed biases yet.
GBPCHF H1 - Lower timeframe analysis on GBPCHF, double bottom on support, key support zone as indicated with the white horizontal line, this is the start of the 2 stage reversal! Those that have got the advanced course, keep an eye on this! This would effectively act as the confirmation for this setup for intraday trading.
We saw an impulsive breakout of the consolidation phase and are now are witnessing a pullback. The significant trend line is being re-tested and it looks like we as seeing signs of rejection which could indicate a continuation of the bearish movement.
I have marked my bearish targets I am interested in.
COT Data - 53% Long
Price is now looking to breakout of the intraday resistance level with a potential re-test of the yearly highs made earlier in the month.
A test of these highs looks crucial because if the swing high resistance gives way we could see another extended leg higher.
The trend has been clearly higher on the daily chart this year and another break would expose a lot...