Good morning traders! First pair on my watchlist for today is EUR/JPY. Looking for a break and retest with a wick rejection around this key level. Price has recently broke the trendline and started to set new bullish structure.
Hope everyone is having a fantastic morning. I thought I would share a pair that has been sat on my watchlist all morning. I have been monitoring this pair for the last 2 hours and seen that price has started to present bullish structure. We see price creating higher highs and higher lows. I am expecting price to hold the retest level marked...
Good morning traders, hope you are all having a fantastic morning. Just recently entered my first position for the day.
(H1) - Mini structure break and retest in between the current high and low. Should see continued bullish momentum as we have just recently come off a strong double bottom.
(M30) - Nice strong rejection coming into the key level followed by a...
TP hit on this mornings analysis. Unfortunately I didn't enter this position as I was away from my desktop and didn't expect the market to react so quickly.
However, on the bright side the analysis was correct and we move onto the next one.
Good morning traders, we have a potential break and retest on GBP/USD. Price failed to break lower showing a double top before breaking higher.
Will be monitoring how the hourly candle closes before looking for an entry.
EUR/GBP (H4) - After consolidating since the 28/09 we seem to have finally broke out the consolidation zone. I was expecting a more impressing break so a rally back into the zone before properly breaking out may be in the cards.
Similar to the last 2 pairs. Lower high looks to have formed to continue this bearish trend. We have a nice trendline holding on the hourly which is visible on the H4. I would suggest using this trend to look for momentum shift (break) and then look to enter on the retest.
Lower high has been created on the H4. We have multiple confluences to support shorts on this pair which include the multiple wick rejections around the lower high and price attempting to break for a second time to form the double top. I will be waiting for the neckline break and retest for entries on the hourly.