Here is another nice clean, simple set up on GBP/AUD today. As you can see GBP/AUD has been trending to the upside for some time now creating consistent LH and HH along with a trend line where the market has created a low and then a new high 3 times now recently, despite the fact that the UK is in full national lockdown. Typically this means a BEARISH GBP, ...
GBPUSD has turned bearish on the consolidation resistance is near to break below. Covid situations and Brexit agreement complication is a hurdle for bulls to clear. Bais has turned negative and a sell trend is ready to hit 1.31500 again.
Here we have another nice clean GBP/JPY set up. GJ has been moving aggressively to the downside since the start of the trading week, dropping 170 pips from a major area of resistance at 141.250 (1D TF) all the way down to a major area of support at 139.500 that I have also identified on the Daily timeframe. As of now, the market is currently in a consolidation...
GBP/JPY has recently been moving to the upside, however upon todays trading session's there has been a shift in trend from the upside to the downside. As you can see, there has been a break of the trend line which indicates the shift in trend(140.735), price retested the break and continued to the downside towards an area of support that I have identified on the...
GBPJPY H4 - Absolutely slammed 200-300 pips downside on most GBP pairs, following each support zone, one zone at a time, not trying to catch the bottom of the move. Personally sitting on the sideline until new year. But same principle and trading system applies. Follow the zones until you can react.
close to a 9 month low and bollinger band low. PA shows likelyhood of a bull run to the order block. 250 pip trade is conservative. i expect some retest tis week. so take some profit near 1.61
Looking for a buy opportunity for a trend continuation to the upside looking for Buys Only If The entry is right. MARKED everything on chart.
Good RR on this trade if the opportunity presence itself. Might even look for Early Entries But this a safe trade Stops Below Structure and add Your spreads. Check ATR for Good Stop Losses.
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We have a lovely little structure here that we seem to be respecting. Also, we have broken out of this bullish trend we had running. If we get a little pull back up next week we'll be looking at getting in a nice sell position something similar to what I...
EURUSD H4 - USD on the backfoot yet once again, DXY analysis to follow. EUR seeing gains as you'd expect off the back of existing risk sentiment. Following each zone as they come and looking for respective confirmations/rejections.
if you were to look on the daily there is still a lot of bearish pressure, we also have this zone in the 4hr timeframe that would be a perfect opportunity to sell
