We've been bearish on this pair for some time now after a previous break of structure. Price retested the highs and tanking rapidly so far today.
If you want to learn about this analysis, using highs, lows and key structures just send me a message on TradingView.
Happy Trading guys!
Check out our previous idea on GBP/AUD linked! Two weeks ago we predicted this move. Patience is key in trading.
We predicted a move up to this level at the top of previous structure and price has now finally hit this level.
We predict market moves before they happen - DM me to find out more and how we manage to do this!
Happy Trading all!
Possible long oppotunity on AUD/NZD.
Price has broken out of its ascending channel has returned to an area of support at the 1.0720 level.
If we see strong bullish rejection at the 1.0720 level I believe we could see bullish momentum to re-test the support of the ascending channel at the 0.0820 level, where I would take profits.
EURUSD gave us many short term opportunities to enter the trade e.g. going LONG once price broke out of descending trendline.
I'll be waiting for price to reach the ascending trendline and depending on how it gets there, I shall either SHORT or LONG.
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'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 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?
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 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!
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...
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/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!