GBPUSD continuation, price has finally broken out of lowest zone , possible recovery of the pound according to technical. 1.27246 RES to be broken immediately or retrace at 1.25731 for break & trend continuation.
USDJPY - shorts or longs on 15min take your pick
I'm more inclined to go short due to higher TF's still being bearish, but with US trade talks looking positive and JPY seeming to weaken last week it could turn the tables
Any questions drop me a message or a comment im happy to help
prediction , breakout on major resistance , minor res broken, price retracing as it is the end of the week , amazing that price literally stopped at that resistance right there, otherwise good momentum even on higher time frames
opinions and engagement welcome as always
price is going back into the lowest zone of my key zones , so that is also part of my...
AudCad has been in a downtrend, on the higher time frames we are en route to retest the lows. On the 60 we have genuine room to go lower to these lows with only inside support being in the way. Strong impulse initially aswell.
AudChf bearish bias and trend after a breakout from the consolidation can see it going lower. Coming off a nice level of resistance minor some room down. I would look for a retest first then a potential extension to the green lines drawn in
UsdJpy has been very bullish for the last week or so and I think we have some room to carry on higher still. I would only go for retest due to being at a minor level but dont see anything wrong with an extended target.
AudJpy is currently at a minor level of resistance/supply level which we can see some bearish pressure to the downside. After that I think if we pull back into the killzone drawn we can potentially get a retest of the highs due to the strength in the uptrend.
how safe is this spot to enter ?
is it likely to lose momentum and reverse or will it complete the run to the other zone.
to have profited one would have entered at the zone at the bottom and after the consolidation on the resistance line. 2 opportunities for a longterm trade. candle sizes remain consistent and healthy , next week continuation or not?????
Bought the fear of trade war Yuan news, looking for a long term uptrend with medium term healthy swings within a steady channel.
Looking to swing trade tops and bottoms as long as we are in the parallel channel.
I look for opportunity in stable range, slow volatility, good entry / exit points and also it helps if the company seems well placed for the current...
Nice clean and strong downtrend on the 60 coming off minor support but I think it can get retested at least. Daily held support and currently oversold in a downtrend which is slightly conflicting but decision is made off the 60.
EurAud has put in a new low again on the 60 with a Head and Shoulders pattern on daily adding confluence to the setup. I think we can get a retest of the lows at least and wouldn't look further due to the divergence on the RSI swings but a decent opportunity nevertheless.