The euro continues to resist dollar bulls by holding this level.
Long wicks to the downside in recent price on the 4HR show bulls trying to push price down and break this level but failing.
Can see price might trade in this 50 pip range for the rest of the week. However, be ready to adapt your directional bias if we see a price break down through this...
We posted analysis on this pair last week on our profile expecting a break of our chart pattern. We have seen that break today! Will we continue to see downside movement throughout the week or will price retrace?
GBP/AUD - all the info you need is written on the charts.
This is absolutely textbook one hour structure so far. Put this is your break and retest notes!
Breaks and Retests are a fantastic confirmation of trend. Use them!
Happy Trading guys!
Price is Breaking out of a wedge pattern on the lower time frames, we also have a H&S formation forming on the 4 hour
My preferred entry is to see price break out and retest the wedge pattern before taking a short order.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 60-65 pips to the lower support.
We can see price has now reversed - we expected dollar strength and this is what we're continuing to see through London this morning. Lets see how price develops on the pair through New York in around 4 hours time.
Identify key trends, key breaks, key structure levels. We're expecting more downside movement on the pair.
Happy Trading! Hope you all have a great...
We've seen NZD/CAD in a long term uptrend. We see a break of structure, a retest of a previous structure low before bears enter the market.
Look at these textbook break and retest setups and potential entries you can take to the downside! A break and retest is when price breaks through a previous low in the market, retraces and tests this level as resistance...
We've seen our first indication of a potential reversal - a break of structure. We've marked levels in the market to be aware of if trading this pair.
Any questions - feel free to message!
Have a great trading week!
We can see multiple rejections of 1.78 and our trendline used as dynamic resistance twice after a break of the ascending channel.
Price currently testing a key 4HR level. Drawn are two potential price paths.
Another test of that upside pending for USD/JPY today. Keep an eye on this pair traders. It will give us a great indication of longer term USD movements across all currency pairs. More information? Just direct message me and I'll do my best to get back to you all!
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
Price has broken out of the falling wedge pattern, looking for a retest of the previous trend line for momentum to continue to push this pair higher. Horizontal lines are taken off the weekly timeframe.
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...
EUR/NZD Update. This is the 4HR Chart.
We can see price broke back into our descending channel.
NZD is incredibly strong at the moment, breaking our long term support level and now approaching the bottom of our descending channel.
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...
EUR/NZD Analysis on the 4 hour chart.
Price has hit a key level coinciding with our top descending channel trendline. We have seen some sharp rejection off this level. Check out how simple it is to find key structure levels in the market!