USDJPY H4
Potential short range here down to support here, nice price action close on that previous H4, means we have continued that lower low sequence on that last correction wave.
Eyes peeled on the M30/H1, looks like a structure break and retest for a potential upside move. Higher timeframe takes precedence remember.
EURGBP D1 - Big daily reversal signal required first, this may even be one we have to wait for until next week, today may find support, tomorrow might be the bull signal and then we can look to get involved. 0.89 support is a fairly substantial daily support/demand zone.
GOLD H4 - Continuing to break highs and trend upside, working from the H4/H1 the 1870 support is the trading zone we would look to scout and find support, from there we would look to continue upside, higher high, higher low sequence as always.
GBPJPY H4 - Expecting very much the same with GJ as we are with cable, maybe a bit of a pullback but eventually an upside break and retest to offer long opportunities and continuations, all you have to do is scale out onto the D1 to see how bullish bias we are, 1.35 would be the highest price seen since July 2018.
GBPCHF H4 - Another CHF quote pair here, and again a very similar structure to USDCHF, sideways range bound setup. The easiest trades to quantify and identify. Don't fix it unless it's broken right? I was saying this last week, just need to be cautious of Brexit, EU/UK related headlines this week as always.
EURAUD H1 - Bearish trend has broken the S/R zone, the existing H4 1.63 handle. Now seen the retest, looking for the hourly rejection to see another wave downside. Friday markets to take note of, seen some hard risk on moves already this week.
GBPUSD H4 - Possible long position very similar to GBPJPY if this support zone holds, ties up quite nicely with DXY resistance too. Eyes peeled. DXY analysis to follow.
DXY H4 - I think a lot of todays movement has been relatively tame, Monday will be much the same as we have UK bank holidays. Will look to follow pairs and headlines today, the weekend and Monday, ready for Tuesdays market volume.
GBPAUD H4 - Finally approaching that support zone we have been waiting for, might see this play out during the eastern, but will be up early updating this to see if it can be taken ahead of the EUR/LON open.
GBPJPY H4 - Must await a candlestick close on the H4 timeframe here to give us that confirmation we are looking for to see some downside pressure. Massive rally seen here, ***YEN pairs ripping upside for the most part, would be good to see some corrections soon, RR ticks the boxes as long as we don't dump.
DXY H4 - This week ended being quite choppy after FOMC and jobless claims data. Broken and retraced back into a big trading zone with threw things a little for me. If we can break support again, we could classify that previous recovery back above into that 92.60 resistance a fake out and data fuelled, something short lived which couldn't hold, expecting support to...
DXY H4 - As annotated, ideally want to see rejections before that previous high at around 93.80, this should compliment some of the structure we are watching, UJ, GU etc.
USDCAD H4 - As mentioned in the above video analysis, we are looking for some confirmations from this support zone, a lower timeframe (H1) trendline break and retest would be good, some sort of double bottom with new highs set would be good too.
USDWTI H4 - Really want to pulldown to this support retest zone, we pulled down to 40.10, but think ideally 40.80 is optimal entry, seen an existing pullback in the last 15 minutes of circa 30 points. But don't want to jump in prematurely, patience pays, patience always stops FOMO fuelled losses!
NZDCAD H4 - Very similar to AUD, NZD is on fire at the moment, outperformers again, still just trying to anticipate a pullback, a retest of the marked region would be a safe entry point with justified RR and stoploss positioning.
GBPAUD H4 - Not quite sure how to quantify this, probably ignoring the bearish channel and working from the break and retest of the broken support zone, looking for a clear rejection from this horizontal red box. Need to ensure we are trading below 1.79500 to maintain bearish bias after breaking support.
