Gold H1 - Little bit late on this one because of the weekly watchlist video upload, but support at 1850 seems to be holding really well over the last week. Multiple attempts and rejections. Nice impulsive buy zone.
USDJPY H1 - If we see DXY break this current resistance price we could expect something similar on UJ as indicated. Really need to break 104,800 and set new highs first of all, but this should tie in with DXY and UC too.
I hope you all are enjoying your trading journey.
I would like to share my GBPJPY trade setup with you guys.
Note: I don't advise anyone to follow my shared trades. I only share my setups for learning purposes. If anyone wants to follow my trades you should always double check it with your own strategy and take trades at your own risk.
CADCHF- We can see price has broken out of this ascending TL which it was respecting and now made a lower low (potential change of directions) however before entering we need to wait for the 1H close to confirm a lower high has been made. We have a good number of confluences forming here which are, price has retraced up to the 38.2 fib level and 50EMA which is...
Nice BUY here on AUDCHF, Not expecting much movement today due to UK bank holiday but still a nice running trade.
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown automatically! NOTHING is done manually, it can be used on any instrument and time frame....
if you are struggling to make predictions on gold atm, you are now alone.
I am also stuck with its price action and behavior during the last two weeks.
technically the price is now trading in the middle of August's trading range.
the support of the range is based on the rejection wick of 12th august candle and two major...
UK: Despite a small increase in the CPI due to easing lockdown measures, the BofE is unlikely to change its stance. The market will react in consolidation to last week's news in the UK of the uncertainty of a post-Brexit trade deal with the EU, the UK's debt being larger than GDP and the figures casting a recession.
USA: Unemployment figures start to...
EURJPY H4 - Adjusted the order details on this one and moved it across, we bounced nicely from 121.850 up to 122.500, so a solid 65 pips and 1 to 2.6R, but failed to break the resistance/double top. Still have a nice bullish flag trading above the S/R zone of 121.800, so as long as we are trading above this zone, we are bullish. Just need to break previous highs...
EURGBP H1 - Kind of ranging between the zones at the moment, support and resistance that is... Ideally looking to buy from support and sell from resistance as always, relatively clear zones, with just one support fakeout which we saw yesterday.
These are the two likeliest scenarios which I find plausible. My bias is that we will rally back up to forma. double top formation, slightly exceed the high before dropping but we could see bears come into the market from the word go.
Here we can see we have a nice bounce of the touch at the mark (D) and we can see our new point of interest is the mark of (E) follow the areas, blue marks buy interest areas, red marks seller interest levels