GBPJPY H1 - Off the back of the BOE members speeches earlier on today and comments from Barnier, GBP has been losing a bit of ground, simply looking for a clean break of support and subsequent retest so we can look to grab short orders inline with the reversed trend, again, if this unfolds, this will be something we look to personally trade and will look to signal.
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.
EURJPY H4 - Strong rally to break this S/R zone marked in red, still over an hour to go until we see a close. But a retest of the counter trendline support/local support would be a good intersection point to try and catch a bid.
1) Price at the weekly resistance zone
2) Triple top
3) Daily bearish engulfing candle
4) Price broken consolidation phase, now waiting for a correction before sell trade entry
5) Divergence @ daily
6) Double top at daily
Wait for ABC completion
NZDCAD H4 - 0.88 would be a nice zone to find support and a double bottom bounce, key psychological number, big S/R zone, second test would be for the second leg double bottom. Nice tight stops too, so very lucrative RR setup.
EURNZD H4 - Break and retest seen here on EN, potential downside mileage as we catch more volume, early on during the week, expecting more to unfold, hardly anything on a data front to move markets so just need to sit and watch.
ZRXBTC. 1H. Nice break out of symmetrical bullish triangle. Not too much to stop this gathering momentum for some upside. 0x Protocol a seasoned & brilliant project destined to continue achieving excellent position within all aspects of the Crypto space.
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.
NZDCAD M15 - Simple break and retest of this M15 trendline would then set us up nicely for these shorts down to 0.87200 support. Lets see if this 0.88 resistance handle holds and rejects.
Gold is Bearish - We look to Sell a break of 1706.50
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ We have a 50% Fibonacci pullback level of 1717.41 from 1745.35 to 1689.46.
▪️ Selling posted close to the previous high of 1721.87.
▪️ A break of 1706.90 is needed to confirm follow through negative momentum.
Stop: ...
Gold is Bearish - We look to Sell at 1746.70
▪️ Trading within a Corrective Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1746.28 from 1754.16 to 1717.35.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
EURAUD H1 - Looking for a retest of this trendline and breakout zone intersection, this could be a good place to take shorts. Markets have started to wake up, but as mentioned, not a great deal of data during this next session overlap. Markets spiced up a little on risk headlines. But that may be shorts lived.
You can see the last resistance area already broken and now GOLD consolidating the 1730 zone.It might retest the previous resistance level which now convert to support area which is around 1720 zones.
I am waiting to see more upper level than i will go for long.
What you guys thinking about gold?
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Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...
Updated version to our initial Blue FX Trend Strategy
What has changed?
This version is specifically coded for trading off the H1 timeframe, with the H4 confluence automatically built in.
This means that we increase our probability and confluence by ensuring that price has closed above or below on the last H4 candle.
The main update here though it the...
You may want to short it later. Yellow zone is our desired entry!
Wait for the maximum pain for the retail trader.
See also my other analysis about crypto:
